Press coverage about NetGear (NASDAQ:NTGR) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. NetGear earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news coverage about the communications equipment provider an impact score of 45.8812007099788 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- NetGear, Inc. (NTGR) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
- Netgear Stock Jumps On Strong CES 2018 Showing (finance.yahoo.com)
- NetGear (NTGR) Given a $75.00 Price Target by BWS Financial Analysts (americanbankingnews.com)
- NetGear (NTGR) Lifted to Strong-Buy at BidaskClub (americanbankingnews.com)
- Stocks Showing Rising Market Leadership: Netgear Earns 82 RS Rating (finance.yahoo.com)
A number of brokerages recently weighed in on NTGR. BidaskClub raised shares of NetGear from a “buy” rating to a “strong-buy” rating in a research report on Saturday. BWS Financial set a $75.00 target price on shares of NetGear and gave the stock a “buy” rating in a research report on Friday. Zacks Investment Research upgraded shares of NetGear from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Wednesday, January 10th. Finally, Raymond James Financial upgraded shares of NetGear from a “market perform” rating to an “outperform” rating and set a $62.00 price objective for the company in a report on Monday, December 18th. One research 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’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $65.20.
NetGear (NASDAQ:NTGR) last released its earnings results on Wednesday, October 25th. The communications equipment provider reported $0.81 EPS for the quarter, beating the consensus estimate of $0.68 by $0.13. The business had revenue of $355.48 million during the quarter, compared to analyst estimates of $349.36 million. NetGear had a net margin of 5.33% and a return on equity of 10.57%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.76 earnings per share. research analysts anticipate that NetGear will post 2.24 EPS for the current fiscal year.
In other news, SVP Michael F. Falcon sold 520 shares of the stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $50.00, for a total transaction of $26,000.00. Following the transaction, the senior vice president now owns 34,611 shares in the company, valued at approximately $1,730,550. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jef Graham purchased 500 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were acquired 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 $280,141.15. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 79,300 shares of company stock valued at $4,068,061. 6.20% of the stock is owned by insiders.
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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.
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