NETGEAR, Inc. (NASDAQ:NTGR) SVP Michael F. Falcon sold 1,042 shares of NETGEAR stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $51.30, for a total transaction of $53,454.60. Following the transaction, the senior vice president now directly owns 34,612 shares of the company’s stock, valued at $1,775,595.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
NETGEAR, Inc. (NASDAQ:NTGR) traded up $0.80 during trading hours on Friday, hitting $52.10. 485,979 shares of the stock traded hands, compared to its average volume of 474,446. NETGEAR, Inc. has a 52-week low of $41.50 and a 52-week high of $59.92. The stock has a market cap of $1,640.00, a price-to-earnings ratio of 20.60 and a beta of 1.52.
NETGEAR (NASDAQ:NTGR) last released its quarterly earnings results on Wednesday, October 25th. The communications equipment provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13. NETGEAR had a net margin of 5.33% and a return on equity of 10.57%. The firm had revenue of $355.48 million for the quarter, compared to analysts’ expectations of $349.36 million. During the same quarter last year, the company earned $0.76 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. sell-side analysts anticipate that NETGEAR, Inc. will post 2.24 earnings per share for the current fiscal year.
NTGR has been the subject of several recent research reports. Zacks Investment Research lowered shares of NETGEAR from a “hold” rating to a “sell” rating in a report on Friday, October 13th. BWS Financial raised shares of NETGEAR from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $62.75.
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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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