NETGEAR (NASDAQ:NTGR) announced its earnings results on Tuesday. The communications equipment provider reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.05), MarketWatch Earnings reports. NETGEAR had a net margin of 6.36% and a return on equity of 12.82%. The firm had revenue of $308.81 million during the quarter, compared to analysts’ expectations of $314.83 million. During the same period in the prior year, the company posted $0.54 EPS. The company’s revenue was up 10.3% compared to the same quarter last year.
Shares of NETGEAR stock opened at $37.06 on Thursday. NETGEAR has a 1 year low of $27.17 and a 1 year high of $46.38. The business’s 50-day simple moving average is $38.42. The company has a market cap of $1.13 billion, a PE ratio of 13.53 and a beta of 0.81.
In other NETGEAR news, SVP Michael A. Werdann sold 3,081 shares of the stock in a transaction dated Tuesday, May 4th. The shares were sold at an average price of $36.78, for a total transaction of $113,319.18. Following the transaction, the senior vice president now directly owns 34,175 shares in the company, valued at approximately $1,256,956.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Michael A. Werdann sold 1,995 shares of the stock in a transaction dated Monday, May 17th. The stock was sold at an average price of $34.94, for a total transaction of $69,705.30. Following the transaction, the senior vice president now owns 34,920 shares in the company, valued at $1,220,104.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,101 shares of company stock worth $2,235,006. 4.70% of the stock is owned by company insiders.
NETGEAR Company Profile
NETGEAR, Inc designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. It operates in two segments, Connected Home, and Small and Medium Business. The company offers smart home/connected home/broadband access products, such as broadband modems, WiFi gateways, WiFi hotspots, WiFi routers and home WiFi systems, WiFi range extenders, Powerline adapters and bridges, WiFi network adapters, and digital canvasses; and value added service offerings, including technical support, parental controls, and cybersecurity protection.
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