NETGEAR (NASDAQ:NTGR – Get Free Report) 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 – Get Free Report) 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
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.
Check Out Our Latest Report on NETGEAR
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.
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