NETGEAR (NTGR) Scheduled to Post Quarterly Earnings on Wednesday

NETGEAR (NASDAQ:NTGR) is set to post its quarterly earnings results after the market closes on Wednesday, July 31st. Analysts expect NETGEAR to post earnings of ($0.94) per share for the quarter. NETGEAR has set its Q2 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

NETGEAR (NASDAQ:NTGR) last announced its quarterly earnings results on Wednesday, May 1st. The communications equipment provider reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.04). The business had revenue of $164.59 million during the quarter, compared to analysts’ expectations of $163.86 million. NETGEAR had a negative net margin of 15.69% and a negative return on equity of 3.73%. On average, analysts expect NETGEAR to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

NETGEAR Price Performance

NASDAQ:NTGR opened at $15.92 on Tuesday. The firm has a 50 day simple moving average of $14.56 and a 200-day simple moving average of $14.41. The firm has a market cap of $463.27 million, a PE ratio of -4.14 and a beta of 0.81. NETGEAR has a 1-year low of $10.40 and a 1-year high of $16.33.

Insider Buying and Selling

In related news, CRO Michael A. Werdann sold 9,244 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $12.15, for a total transaction of $112,314.60. Following the completion of the transaction, the executive now owns 79,668 shares of the company’s stock, valued at $967,966.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CMO Heidi Cormack sold 4,687 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $12.20, for a total transaction of $57,181.40. Following the completion of the transaction, the chief marketing officer now owns 88,298 shares of the company’s stock, valued at $1,077,235.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Michael A. Werdann sold 9,244 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $12.15, for a total transaction of $112,314.60. Following the transaction, the executive now directly owns 79,668 shares of the company’s stock, valued at approximately $967,966.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,244 shares of company stock valued at $308,028. Insiders own 7.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reissued a “neutral” rating and issued a $13.00 price objective on shares of NETGEAR in a research report on Thursday, May 2nd.

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.