Media stories about NetGear (NASDAQ:NTGR) have been trending positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NetGear earned a news sentiment score of 0.29 on Accern’s scale. Accern also assigned news coverage about the communications equipment provider an impact score of 44.2736639931874 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Netgear Reaches 80-Plus Relative Strength Rating Benchmark (finance.yahoo.com)
- Insider Buying: NetGear, Inc. (NTGR) Director Acquires 500 Shares of Stock (americanbankingnews.com)
- Stocks With Rising Relative Strength: Netgear (finance.yahoo.com)
- Raymond James Financial Upgrades NetGear (NTGR) to “Outperform” (americanbankingnews.com)
- NetGear (NTGR) Upgraded by BidaskClub to “Buy” (americanbankingnews.com)
A number of analysts have commented on NTGR shares. BWS Financial raised shares of NetGear from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Monday, October 9th. BidaskClub raised shares of NetGear from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. Raymond James Financial raised shares of NetGear from a “market perform” rating to an “outperform” rating and set a $62.00 price target on the stock in a research report on Monday. Finally, Zacks Investment Research cut shares of NetGear from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Two analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $62.60.
NetGear (NASDAQ:NTGR) last announced its quarterly earnings data on Wednesday, October 25th. The communications equipment provider reported $0.81 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $349.36 million. During the same quarter in the prior year, the business earned $0.76 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. equities analysts predict that NetGear will post 2.24 earnings per share for the current fiscal year.
In other news, Chairman Patrick Cs Lo sold 19,799 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $47.63, for a total transaction of $943,026.37. Following the transaction, the chairman now owns 183,125 shares in the company, valued at $8,722,243.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jef Graham acquired 500 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were bought at an average price of $54.05 per share, for a total transaction of $27,025.00. Following the acquisition, the director now directly owns 5,183 shares of the company’s stock, valued at approximately $280,141.15. The disclosure for this purchase can be found here. Insiders have sold 102,888 shares of company stock worth $5,028,731 in the last quarter. Company insiders own 6.20% of the company’s stock.
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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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