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

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

NETGEAR Stock Performance

Shares of NASDAQ:NTGR traded down $0.10 during trading hours on Wednesday, hitting $28.15. 633,124 shares of the company’s stock traded hands, compared to its average volume of 326,639. The company’s fifty day simple moving average is $26.66 and its two-hundred day simple moving average is $21.84. The company has a market cap of $809.88 million, a price-to-earnings ratio of 43.31 and a beta of 0.83. NETGEAR has a 52 week low of $10.48 and a 52 week high of $31.55.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, Director Thomas H. Waechter sold 2,000 shares of the 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 completion of the transaction, the director now owns 61,135 shares in the company, valued at $1,859,726.70. This trade represents a 3.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 7.00% 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.