NETGEAR (NTGR) Receiving Somewhat Positive Press Coverage, Report Finds

Headlines about NETGEAR (NASDAQ:NTGR) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public 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 0.11 on Accern’s scale. Accern also assigned press coverage about the communications equipment provider an impact score of 45.7903054717525 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the media headlines that may have effected Accern’s rankings:

NTGR has been the subject of a number of research reports. BWS Financial upgraded NETGEAR from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Monday. Global Equities Research reiterated a “buy” rating and set a $85.00 target price on shares of NETGEAR in a report on Tuesday, June 13th. Finally, Zacks Investment Research cut NETGEAR from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $62.13.

Shares of NETGEAR (NASDAQ NTGR) traded up 0.67% during trading on Wednesday, hitting $52.55. The stock had a trading volume of 369,274 shares. The company has a market capitalization of $1.66 billion, a P/E ratio of 24.11 and a beta of 1.53. NETGEAR has a 1-year low of $41.50 and a 1-year high of $59.92. The firm has a 50-day moving average of $48.06 and a 200 day moving average of $46.43.

NETGEAR (NASDAQ:NTGR) last posted its earnings results on Wednesday, July 26th. The communications equipment provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.54 by $0.06. The company had revenue of $330.72 million during the quarter, compared to the consensus estimate of $324.64 million. NETGEAR had a net margin of 5.42% and a return on equity of 10.67%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. Equities research analysts predict that NETGEAR will post $2.73 earnings per share for the current fiscal year.

In other NETGEAR news, SVP Michael F. Falcon sold 14,912 shares of the company’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $49.94, for a total value of $744,705.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark G. Merrill sold 6,000 shares of the company’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $45.00, for a total transaction of $270,000.00. Following the completion of the sale, the insider now directly owns 35,534 shares of the company’s stock, valued at $1,599,030. The disclosure for this sale can be found here. Over the last three months, insiders have sold 84,722 shares of company stock valued at $4,055,927. 6.20% of the stock is currently owned by insiders.

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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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