NETGEAR (NASDAQ:NTGR) is scheduled to be issuing its Q2 2013 quarterly earnings data after the market closes on Thursday, July 25th.
NETGEAR (NASDAQ:NTGR) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.01. The company had revenue of $293.40 million for the quarter, compared to the consensus estimate of $292.23 million. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was down 9.9% on a year-over-year basis. On average, analysts expect NETGEAR to post $2.38 EPS for the current fiscal year and $2.90 EPS for the next fiscal year.
NETGEAR (NASDAQ: NTGR) opened at 33.45 on Wednesday. NETGEAR has a 1-year low of $26.82 and a 1-year high of $40.97. The stock’s 50-day moving average is currently $32.5. The company has a market cap of $1.289 billion and a price-to-earnings ratio of 16.98.
A number of analysts have recently weighed in on NTGR shares. Analysts at Zacks upgraded shares of NETGEAR from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, July 9th. They now have a $33.30 price target on the stock. On a related note, analysts at Goldman Sachs Group Inc. downgraded shares of NETGEAR from a “neutral” rating to a “sell” rating in a research note to investors on Wednesday, June 26th. They now have a $28.00 price target on the stock, down previously from $33.00. Finally, analysts at Wedbush upgraded shares of NETGEAR from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, June 21st. They now have a $38.00 price target on the stock, up previously from $32.00. They noted that the move was a valuation call.
One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $35.04.
NETGEAR, Inc is a global networking company that delivers products to consumers, businesses and service providers.