Headlines about NETGEAR (NASDAQ:NTGR) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. NETGEAR earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned headlines about the communications equipment provider an impact score of 44.352832469001 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected Accern’s analysis:
- NETGEAR, Inc. (NTGR) SVP Michael F. Falcon Sells 1,042 Shares (americanbankingnews.com)
- NETGEAR Inc NASDAQ NTGR Shares Bought by Stevens Capital Management LP (itsforhome.com)
- NETGEAR Demonstrates Excellence in Design and Engineering with Recognition by the CTA as a CES 2018 Innovation Award Honoree for Four Products (finance.yahoo.com)
- NETGEAR, Inc. (NTGR) Expected to Post Earnings of $0.66 Per Share (americanbankingnews.com)
- Insider Selling NETGEAR Inc NTGR SVP Sells 26206 30 in Stock (itsforhome.com)
Several equities research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of NETGEAR from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. BWS Financial raised shares of NETGEAR from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. NETGEAR has a consensus rating of “Hold” and a consensus price target of $62.75.
Shares of NETGEAR (NASDAQ NTGR) opened at $50.85 on Thursday. The company has a market cap of $1,590.00, a PE ratio of 20.52 and a beta of 1.52. NETGEAR has a 52-week low of $41.50 and a 52-week high of $59.92.
NETGEAR (NASDAQ:NTGR) last posted its earnings results on Wednesday, October 25th. The communications equipment provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.68 by $0.13. The company had revenue of $355.48 million during the quarter, compared to the consensus estimate of $349.36 million. NETGEAR had a net margin of 5.33% and a return on equity of 10.57%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.76 earnings per share. equities analysts anticipate that NETGEAR will post 2.24 EPS for the current fiscal year.
In other news, SVP Tamesa Rogers sold 1,500 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $46.80, for a total transaction of $70,200.00. Following the completion of the sale, the senior vice president now directly owns 23,703 shares of the company’s stock, valued at $1,109,300.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Michael F. Falcon sold 1,042 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $51.30, for a total transaction of $53,454.60. Following the sale, the senior vice president now directly owns 34,612 shares of the company’s stock, valued at $1,775,595.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,138 shares of company stock valued at $4,960,106. 6.20% of the stock is currently owned by insiders.
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NETGEAR Company Profile
NETGEAR, Inc designs, develops and markets networking solutions and smart connected products for consumers, businesses and service providers. The Company’s product line consists of devices, such as network attached storage, Internet protocol (IP) security cameras, and home automation devices and services.
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