NETGEAR (NASDAQ:NTGR) announced its earnings results on Tuesday. The communications equipment provider reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.05), MarketWatch Earnings reports. The company had revenue of $308.81 million during the quarter, compared to analysts’ expectations of $314.83 million. NETGEAR had a net margin of 6.36% and a return on equity of 12.82%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share.
NASDAQ:NTGR opened at $31.19 on Thursday. NETGEAR has a 52-week low of $27.17 and a 52-week high of $46.38. The stock’s fifty day moving average price is $38.42. The firm has a market cap of $950.36 million, a P/E ratio of 13.53 and a beta of 0.81.
NTGR has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on NETGEAR from $44.00 to $34.00 and set a “hold” rating for the company in a report on Thursday. Raymond James reduced their price target on NETGEAR from $48.00 to $42.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Zacks Investment Research raised NETGEAR from a “strong sell” rating to a “hold” rating and set a $42.00 price target for the company in a report on Tuesday, June 22nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $43.80.
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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