NETGEAR (NASDAQ:NTGR) Posts Earnings Results, Hits Estimates

NETGEAR (NASDAQ:NTGR) announced its quarterly earnings data on Wednesday. The communications equipment provider reported ($0.24) EPS for the quarter, meeting the consensus estimate of ($0.24), Zacks reports. NETGEAR had a net margin of 2.88% and a negative return on equity of 8.06%. NETGEAR updated its Q1 2025 guidance to EPS.

NETGEAR Stock Down 0.4 %

Shares of NTGR traded down $0.10 during trading hours on Wednesday, reaching $28.15. 633,124 shares of the company traded hands, compared to its average volume of 326,639. The stock has a fifty day simple moving average of $26.66 and a 200 day simple moving average of $21.84. NETGEAR has a fifty-two week low of $10.48 and a fifty-two week high of $31.55. The stock has a market capitalization of $809.88 million, a PE ratio of 43.31 and a beta of 0.83.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of NETGEAR from a “hold” rating to a “buy” rating in a research report on Friday, November 1st.

Insider Buying and Selling at NETGEAR

In related news, Director Thomas H. Waechter sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $30.42, for a total value of $60,840.00. Following the completion of the sale, the director now directly owns 61,135 shares in the company, valued at approximately $1,859,726.70. The trade was a 3.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.00% of the stock is owned by insiders.

About NETGEAR

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.