Analysts Offer Predictions for NETGEAR FY2027 Earnings

NETGEAR, Inc. (NASDAQ:NTGR) – Investment analysts at Zacks Research issued their FY2027 earnings per share (EPS) estimates for NETGEAR in a report released on Tuesday, February 25th. Zacks Research analyst V. Doshi anticipates that the communications equipment provider will earn ($1.05) per share for the year. The consensus estimate for NETGEAR’s current full-year earnings is ($1.84) per share.

NTGR has been the subject of several other reports. Raymond James increased their price target on NETGEAR from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. StockNews.com raised shares of NETGEAR from a “hold” rating to a “buy” rating in a research note on Friday, November 1st.

NETGEAR Price Performance

NETGEAR stock opened at $25.92 on Thursday. The firm has a 50-day moving average of $27.57 and a 200-day moving average of $23.22. The company has a market cap of $748.28 million, a price-to-earnings ratio of 64.80 and a beta of 0.83. NETGEAR has a one year low of $10.48 and a one year high of $31.55.

NETGEAR (NASDAQ:NTGR) last issued its quarterly earnings results on Wednesday, February 5th. The communications equipment provider reported ($0.24) earnings per share for the quarter, hitting the consensus estimate of ($0.24). NETGEAR had a net margin of 1.83% and a negative return on equity of 9.24%.

Insider Buying and Selling at NETGEAR

In other NETGEAR news, Director Thomas H. Waechter sold 2,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $30.42, for a total value of $60,840.00. Following the sale, the director now owns 61,135 shares of the company’s stock, valued at approximately $1,859,726.70. This trade represents a 3.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Charles J. Prober sold 10,929 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $26.64, for a total value of $291,148.56. Following the transaction, the chief executive officer now directly owns 507,763 shares of the company’s stock, valued at $13,526,806.32. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NTGR. Quarry LP boosted its stake in shares of NETGEAR by 66.5% in the 3rd quarter. Quarry LP now owns 1,856 shares of the communications equipment provider’s stock valued at $37,000 after purchasing an additional 741 shares in the last quarter. R Squared Ltd bought a new position in NETGEAR in the 4th quarter valued at approximately $72,000. New York State Teachers Retirement System acquired a new stake in NETGEAR in the fourth quarter valued at approximately $72,000. Summit Investment Advisors Inc. grew its stake in shares of NETGEAR by 19.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,917 shares of the communications equipment provider’s stock worth $81,000 after buying an additional 479 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of NETGEAR during the third quarter worth $91,000. Institutional investors own 82.97% of the company’s stock.

NETGEAR Company Profile

NETGEAR, Inc provides connectivity solutions the Americas; Europe, the Middle East, Africa; and the Asia Pacific. The company operates in two segments, Connected Home, and NETGEAR for Business. The Connected Home segment offers Wi-Fi routers and home Wi-Fi mesh systems, Wi-Fi hotspots, digital displays, broadband modems, Wi-Fi gateways, Wi-Fi range extenders, powerline adapters, and Wi-Fi network adapters; and provides value-added service offerings, including security and privacy, technical support, and parental controls.