Zacks Research Forecasts NETGEAR FY2027 Earnings

NETGEAR, Inc. (NASDAQ:NTGR) – Equities researchers at Zacks Research issued their FY2027 EPS estimates for NETGEAR in a note issued to investors on Tuesday, February 25th. Zacks Research analyst V. Doshi expects that the communications equipment provider will post earnings per share of ($1.05) for the year. The consensus estimate for NETGEAR’s current full-year earnings is ($1.84) per share.

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

Other equities research analysts have also recently issued reports about the stock. Raymond James increased their target price on shares of NETGEAR from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. StockNews.com upgraded shares of NETGEAR from a “hold” rating to a “buy” rating in a research report on Friday, November 1st.

NETGEAR Stock Up 1.5 %

NTGR opened at $26.30 on Thursday. The company has a market cap of $759.25 million, a price-to-earnings ratio of 65.75 and a beta of 0.83. NETGEAR has a 52-week low of $10.48 and a 52-week high of $31.55. The firm’s fifty day simple moving average is $27.54 and its two-hundred day simple moving average is $23.30.

Institutional Investors Weigh In On NETGEAR

Several hedge funds and other institutional investors have recently bought and sold shares of NTGR. Creative Planning acquired a new stake in NETGEAR during the third quarter worth about $235,000. Los Angeles Capital Management LLC acquired a new stake in NETGEAR during the third quarter worth about $1,805,000. Versor Investments LP acquired a new stake in NETGEAR during the third quarter worth about $235,000. Empowered Funds LLC increased its position in NETGEAR by 23.2% during the third quarter. Empowered Funds LLC now owns 141,976 shares of the communications equipment provider’s stock worth $2,848,000 after purchasing an additional 26,756 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of NETGEAR during the third quarter valued at about $91,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Thomas H. Waechter sold 2,000 shares of the stock in a transaction dated 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 $1,859,726.70. This represents a 3.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Charles J. Prober sold 10,929 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $26.64, for a total transaction of $291,148.56. Following the sale, the chief executive officer now owns 507,763 shares of the company’s stock, valued at approximately $13,526,806.32. The trade was a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.

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.