NetGear, Inc. (NASDAQ:NTGR) Director Barbara Vaughn Scherer sold 1,308 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $25.05, for a total value of $32,765.40. Following the sale, the director now owns 19,040 shares of the company’s stock, valued at $476,952. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of NTGR stock traded down $0.70 on Friday, hitting $25.29. The company’s stock had a trading volume of 218,411 shares, compared to its average volume of 389,553. The firm has a market cap of $793.28 million, a PE ratio of 14.53 and a beta of 1.82. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.66 and a quick ratio of 1.82. NetGear, Inc. has a fifty-two week low of $24.63 and a fifty-two week high of $78.30. The firm’s fifty day moving average price is $26.31.
NetGear (NASDAQ:NTGR) last announced its quarterly earnings data on Wednesday, April 24th. The communications equipment provider reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.04). The company had revenue of $249.10 million for the quarter, compared to analyst estimates of $244.31 million. NetGear had a net margin of 0.35% and a return on equity of 8.97%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.62 EPS. As a group, equities analysts predict that NetGear, Inc. will post 2.08 EPS for the current fiscal year.
NetGear Company Profile
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.
Further Reading: Oversold
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