NetGear (NTGR) Earning Somewhat Favorable News Coverage, Analysis Finds

News headlines about NetGear (NASDAQ:NTGR) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. NetGear earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media coverage about the communications equipment provider an impact score of 46.5965429762627 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news headlines that may have impacted Accern’s rankings:

NetGear (NASDAQ NTGR) opened at $65.40 on Friday. The firm has a market cap of $2,060.00, a price-to-earnings ratio of 29.73 and a beta of 1.53. NetGear has a 1-year low of $41.50 and a 1-year high of $65.55.

NetGear (NASDAQ:NTGR) last announced its quarterly earnings results on Wednesday, October 25th. The communications equipment provider reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.13. The company had revenue of $355.48 million for the quarter, compared to analyst estimates of $349.36 million. NetGear had a net margin of 5.85% and a return on equity of 10.74%. NetGear’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the business earned $0.76 EPS. research analysts expect that NetGear will post 2.24 earnings per share for the current year.

Several analysts have commented on the stock. BidaskClub raised shares of NetGear from a “buy” rating to a “strong-buy” rating in a research note on Saturday. BWS Financial set a $75.00 target price on shares of NetGear and gave the stock a “buy” rating in a research note on Friday. Zacks Investment Research raised shares of NetGear from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Wednesday. Finally, Raymond James Financial raised shares of NetGear from a “market perform” rating to an “outperform” rating and set a $62.00 target price for the company in a research note on Monday, December 18th. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company. NetGear currently has an average rating of “Buy” and an average price target of $65.20.

In other NetGear news, insider Mark G. Merrill sold 3,000 shares of NetGear stock in a transaction on Monday, October 16th. The shares were sold at an average price of $50.70, for a total value of $152,100.00. Following the transaction, the insider now owns 32,534 shares in the company, valued at approximately $1,649,473.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Patrick Cs Lo sold 19,799 shares of NetGear stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $45.35, for a total transaction of $897,884.65. Following the completion of the transaction, the chairman now owns 183,001 shares in the company, valued at approximately $8,299,095.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,300 shares of company stock worth $4,220,161. 6.20% of the stock is owned by company insiders.

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About NetGear

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.

Insider Buying and Selling by Quarter for NetGear (NASDAQ:NTGR)

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