Zacks Investment Research downgraded NetGear, Inc. (NASDAQ:NTGR) to Hold in a report released today.
- Updated: October 2, 2016
Zacks Investment Research has downgraded NetGear, Inc. (NASDAQ:NTGR) to Hold in a statement released on 9/28/2016.
Previously on Wednesday September 21, 2016, Vetr Inc. released a statement on NetGear, Inc. (NASDAQ:NTGR) increased the target price from $0.00 to $61.09 that indicated a possible upside of 0.04%.
Yesterday NetGear, Inc. (NASDAQ:NTGR) traded 1.60% higher at $59.08. NTGR’s 50-day average is $57.56 and its two hundred day average is $47.93. With the last stock price close up 26.21% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 233,342 shares of NTGR changing hands under the typical 303,802
With a total market value of $0, NetGear, Inc. has PE ratio of 28.78 with a 52 week low of $28.69 and a 52 week high of $60.82 .
In addition to Zacks Investment Research reporting its target price, a total of 5 brokers have issued a report on the stock. The consensus target price is $46.70 with 0 brokers rating the stock a strong buy, three equity analysts rating the company a buy, three equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.
Brief Synopsis About NetGear, Inc. (NASDAQ:NTGR)
NETGEAR, Inc. is a global networking company. The Company's product line consists of devices, such as network attached storage, Internet protocol security cameras, and home automation devices and services. Its segments include retail, commercial and service provider. The retail business unit consists of home networking, home video security, storage and digital media products. The commercial business unit consists of business networking, storage and security solutions. The service provider business unit consists of whole home networking hardware and software solutions, as well as fourth-generation long term evolution hotspots sold to service providers for sale to their subscribers. It has operations in the Americas, Europe, Middle-East and Africa, and Asia Pacific. The Company sells its products through multiple sales channels, including traditional retailers, online retailers, wholesale distributors, direct market resellers, value-added resellers and broadband service providers.
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