NetGear, Inc. (NASDAQ:NTGR) SVP Michael A. Werdann sold 2,234 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $26.03, for a total transaction of $58,151.02. Following the sale, the senior vice president now owns 15,547 shares in the company, valued at $404,688.41. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
NASDAQ NTGR opened at $26.21 on Friday. The company has a quick ratio of 1.82, a current ratio of 2.66 and a debt-to-equity ratio of 0.05. NetGear, Inc. has a 12-month low of $24.63 and a 12-month high of $78.30. The firm has a market capitalization of $806.50 million, a P/E ratio of 15.06 and a beta of 1.72. The firm has a 50 day simple moving average of $25.75.
NetGear (NASDAQ:NTGR) last posted its quarterly earnings data on Wednesday, April 24th. The communications equipment provider reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.04). NetGear had a net margin of 0.35% and a return on equity of 8.97%. The business had revenue of $249.10 million during the quarter, compared to analyst estimates of $244.31 million. During the same quarter last year, the business earned $0.62 earnings per share. NetGear’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, sell-side analysts predict that NetGear, Inc. will post 2.06 earnings per share for the current fiscal year.
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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