NETGEAR (NTGR) Getting Somewhat Favorable Media Coverage, Study Finds
Headlines about NETGEAR (NASDAQ:NTGR) have been trending somewhat positive on Tuesday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NETGEAR earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned media stories about the communications equipment provider an impact score of 46.2294184790141 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern’s rankings:
- NETGEAR, Inc. (NTGR) Scheduled to Post Earnings on Tuesday (americanbankingnews.com)
- NETGEAR, Inc. (NTGR) Lowered to Sell at Zacks Investment Research (americanbankingnews.com)
- FY2017 EPS Estimates for NETGEAR, Inc. (NTGR) Reduced by BWS Financial (americanbankingnews.com)
- NETGEAR Schedules Third Quarter 2017 Results Conference Call (finance.yahoo.com)
- New Nighthawk X4S Tri-Band WiFi Extender With Convenient Wall-Plug Design Delivers Mesh Capabilities to Existing Home WiFi (finance.yahoo.com)
NTGR has been the topic of several research analyst reports. BWS Financial raised shares of NETGEAR from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Monday, October 9th. Zacks Investment Research downgraded shares of NETGEAR from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $62.13.
NETGEAR (NASDAQ:NTGR) traded up 0.60% during mid-day trading on Tuesday, hitting $50.30. 188,349 shares of the stock traded hands. NETGEAR has a 12-month low of $41.50 and a 12-month high of $59.92. The company has a 50 day moving average of $48.44 and a 200-day moving average of $46.46. The stock has a market cap of $1.59 billion, a PE ratio of 23.08 and a beta of 1.53.
NETGEAR (NASDAQ:NTGR) last announced its earnings results on Wednesday, July 26th. The communications equipment provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. The business had revenue of $330.72 million for the quarter, compared to analysts’ expectations of $324.64 million. NETGEAR had a net margin of 5.42% and a return on equity of 10.67%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 EPS. Equities research analysts forecast that NETGEAR will post $2.73 earnings per share for the current year.
In other news, Chairman Patrick Cs Lo sold 4,000 shares of NETGEAR stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $45.00, for a total value of $180,000.00. Following the transaction, the chairman now directly owns 183,125 shares of the company’s stock, valued at approximately $8,240,625. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Tamesa Rogers sold 1,500 shares of NETGEAR stock in a transaction on Monday, October 9th. The shares were sold at an average price of $49.80, for a total transaction of $74,700.00. The disclosure for this sale can be found here. Insiders sold a total of 88,722 shares of company stock worth $4,260,177 over the last ninety days. Corporate insiders own 6.20% of the company’s stock.
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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