Zacks Research Has Negative Outlook for NETGEAR Q4 Earnings

NETGEAR, Inc. (NASDAQ:NTGR) – Analysts at Zacks Research dropped their Q4 2024 EPS estimates for NETGEAR in a research report issued on Tuesday, November 19th. Zacks Research analyst V. Doshi now expects that the communications equipment provider will post earnings of ($0.45) per share for the quarter, down from their previous forecast of ($0.41). The consensus estimate for NETGEAR’s current full-year earnings is ($1.97) per share. Zacks Research also issued estimates for NETGEAR’s Q1 2025 earnings at ($0.48) EPS, Q2 2025 earnings at ($0.48) EPS, Q3 2025 earnings at ($0.38) EPS, Q4 2025 earnings at ($0.48) EPS, FY2025 earnings at ($1.83) EPS, Q1 2026 earnings at ($0.40) EPS, Q2 2026 earnings at ($0.43) EPS, Q3 2026 earnings at ($0.46) EPS and FY2026 earnings at ($1.74) EPS.

Separately, StockNews.com raised NETGEAR from a “hold” rating to a “buy” rating in a report on Friday, November 1st.

NETGEAR Price Performance

NTGR stock opened at $24.30 on Friday. The company’s 50 day simple moving average is $21.58 and its 200-day simple moving average is $17.20. NETGEAR has a 12 month low of $10.48 and a 12 month high of $25.06. The firm has a market capitalization of $699.11 million, a PE ratio of 37.38 and a beta of 0.83.

Insider Buying and Selling at NETGEAR

In other news, Director Thomas H. Waechter sold 2,500 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $20.00, for a total transaction of $50,000.00. Following the completion of the sale, the director now directly owns 65,318 shares of the company’s stock, valued at $1,306,360. The trade was a 3.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 7.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On NETGEAR

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP lifted its position in NETGEAR by 66.5% during the 3rd quarter. Quarry LP now owns 1,856 shares of the communications equipment provider’s stock worth $37,000 after acquiring an additional 741 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in NETGEAR in the third quarter valued at $91,000. Values First Advisors Inc. acquired a new position in NETGEAR during the 3rd quarter worth $144,000. State Board of Administration of Florida Retirement System bought a new stake in shares of NETGEAR in the 1st quarter worth about $176,000. Finally, Creative Planning acquired a new stake in shares of NETGEAR in the 3rd quarter valued at about $235,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

About NETGEAR

NETGEAR, Inc provides connectivity solutions the Americas; Europe, the Middle East, Africa; and the Asia Pacific. The company operates in two segments, Connected Home, and NETGEAR for Business. The Connected Home segment offers Wi-Fi routers and home Wi-Fi mesh systems, Wi-Fi hotspots, digital displays, broadband modems, Wi-Fi gateways, Wi-Fi range extenders, powerline adapters, and Wi-Fi network adapters; and provides value-added service offerings, including security and privacy, technical support, and parental controls.