Zacks Research Forecasts NETGEAR FY2027 Earnings

NETGEAR, Inc. (NASDAQ:NTGR) – Investment analysts at Zacks Research issued their FY2027 earnings per share estimates for shares of NETGEAR in a research note issued to investors 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.

Several other analysts also recently weighed in on NTGR. Raymond James raised their target price on NETGEAR from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. StockNews.com upgraded NETGEAR from a “hold” rating to a “buy” rating in a research note on Friday, November 1st.

NETGEAR Trading Up 3.2 %

Shares of NASDAQ NTGR opened at $26.27 on Thursday. The stock has a fifty day moving average price of $27.59 and a 200 day moving average price of $23.20. The company has a market cap of $758.39 million, a P/E ratio of 65.68 and a beta of 0.83. NETGEAR has a 12-month low of $10.48 and a 12-month high of $31.55.

NETGEAR (NASDAQ:NTGR) last announced its quarterly earnings results 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 negative return on equity of 9.24% and a net margin of 1.83%.

Insider Activity

In related news, Director Thomas H. Waechter sold 2,000 shares of NETGEAR stock in a transaction dated 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 directly owns 61,135 shares in the company, valued at approximately $1,859,726.70. This trade represents a 3.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Charles J. Prober sold 10,929 shares of NETGEAR stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $26.64, for a total value of $291,148.56. Following the completion of the transaction, the chief executive officer now owns 507,763 shares of the company’s stock, valued at $13,526,806.32. This trade represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.

Hedge Funds Weigh In On NETGEAR

A number of hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in NETGEAR by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,332,316 shares of the communications equipment provider’s stock worth $37,132,000 after purchasing an additional 44,752 shares in the last quarter. American Century Companies Inc. lifted its holdings in NETGEAR by 31.6% in the fourth quarter. American Century Companies Inc. now owns 770,464 shares of the communications equipment provider’s stock worth $21,473,000 after acquiring an additional 184,863 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in NETGEAR by 126.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 675,209 shares of the communications equipment provider’s stock worth $18,818,000 after acquiring an additional 376,974 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in NETGEAR by 22.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 506,756 shares of the communications equipment provider’s stock worth $14,123,000 after acquiring an additional 93,737 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its holdings in NETGEAR by 47.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 406,119 shares of the communications equipment provider’s stock worth $11,319,000 after acquiring an additional 131,243 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

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.