Netgear (NTGR) Set to Announce Earnings on Tuesday
Netgear (NASDAQ:NTGR) will be announcing its earnings results after the market closes on Tuesday, April 24th. Analysts expect the company to announce earnings of $0.60 per share for the quarter.
Netgear (NASDAQ:NTGR) last released its quarterly earnings results on Tuesday, February 6th. The communications equipment provider reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.07. Netgear had a return on equity of 9.92% and a net margin of 1.38%. The company had revenue of $397.06 million for the quarter, compared to analyst estimates of $393.27 million. During the same quarter in the prior year, the firm posted $0.88 EPS. Netgear’s quarterly revenue was up 11.7% compared to the same quarter last year.
NASDAQ:NTGR opened at $61.85 on Tuesday. Netgear has a fifty-two week low of $41.50 and a fifty-two week high of $71.42. The firm has a market cap of $1,909.55, a P/E ratio of 26.66 and a beta of 1.90.
In other Netgear news, CEO Patrick Cs Lo sold 13,999 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $54.93, for a total value of $768,965.07. Following the transaction, the chief executive officer now owns 221,607 shares of the company’s stock, valued at approximately $12,172,872.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David John Henry sold 1,465 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $55.55, for a total value of $81,380.75. Following the completion of the transaction, the senior vice president now directly owns 39,770 shares in the company, valued at approximately $2,209,223.50. The disclosure for this sale can be found here. Insiders sold a total of 67,718 shares of company stock worth $4,074,378 in the last ninety days. 6.20% of the stock is currently owned by corporate insiders.
NETGEAR, Inc designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. The company operates in three segments: Arlo, Connected Home, and Small and Medium Business. It offers smart home/connected home/broadband access products, such as remote video security systems, broadband modems, WiFi gateways, WiFi hotspots, WiFi routers and home WiFi systems, WiFi range extenders, Powerline adapters and bridges, and WiFi network adapters.
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