NetGear (NTGR) Given Coverage Optimism Score of 0.09

Press coverage about NetGear (NASDAQ:NTGR) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NetGear earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned headlines about the communications equipment provider an impact score of 46.5550040141973 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

A number of equities analysts have commented on NTGR shares. BWS Financial upgraded NetGear from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Monday, October 9th. BidaskClub upgraded NetGear from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 21st. Zacks Investment Research upgraded NetGear from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. Finally, Raymond James Financial upgraded NetGear from a “market perform” rating to an “outperform” rating and set a $62.00 price objective on the stock in a research note on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $65.20.

NetGear (NASDAQ NTGR) opened at $68.70 on Friday. NetGear has a 52 week low of $41.50 and a 52 week high of $69.25. The stock has a market capitalization of $2,160.00, a price-to-earnings ratio of 31.23 and a beta of 1.53.

NetGear (NASDAQ:NTGR) last issued its quarterly earnings results on Wednesday, October 25th. The communications equipment provider reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.13. NetGear had a return on equity of 10.57% and a net margin of 5.33%. The company had revenue of $355.48 million for the quarter, compared to analyst estimates of $349.36 million. During the same quarter last year, the company posted $0.76 EPS. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. equities analysts expect that NetGear will post 2.25 earnings per share for the current year.

In other NetGear news, Director Jef Graham purchased 500 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were bought at an average price of $54.05 per share, for a total transaction of $27,025.00. Following the purchase, the director now owns 5,183 shares in the company, valued at approximately $280,141.15. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Michael F. Falcon sold 520 shares of NetGear stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $50.00, for a total value of $26,000.00. Following the completion of the transaction, the senior vice president now owns 34,611 shares in the company, valued at approximately $1,730,550. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,300 shares of company stock worth $4,068,061. Corporate insiders own 6.20% of the company’s stock.

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NetGear Company Profile

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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