NETGEAR, Inc. (NASDAQ:NTGR) is set to announce third quarter earning results on Wednesday 21st October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, NTGR to report 3Q20 income of $ 0.66 per share.
For the full year, analysts anticipate top line of $ 1141.90 million, while looking forward to income of $ 2.09 per share bottom line.
Previous Quarter Performance
NETGEAR, Inc. recorded income for the second quarter of $ 0.54 per share, from the revenue of $ 280.05 million. The quarterly earnings extended 92.86 percent while revenues boosted 24.83 percent compared with the same quarter last year.
Street analysts expected NETGEAR, Inc. to report income of $ 0.22 per share on revenue of $ 235.29 million for the second quarter. The bottom line results beat street analysts by $ 0.32 or 145.45 percent, at the same time, top line results outshined analysts by $ 44.76 million or 19.02 percent.
Stock Performance
Shares of NETGEAR, Inc. traded up $ 1.69 or 4.96 percent on Tuesday, reaching $ 35.79 with volume of 924.30 thousand shares. NETGEAR, Inc. has traded high as $ 37.05 and has cracked $ 34.39 on the downward trend
The closing price of $ 35.79, representing a 127.18 % increase from the 52 week low of $ 15.01 and a 7.96 % decrease over the 52 week high of $ 37.05.
The company has a market capital of $ 1.07 billion and is part of the Technology sector and Communication Equipment industry.
Conference Call
NETGEAR, Inc. will be hosting a conference call at 5:00 PM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.netgear.com
NETGEAR, Inc. designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. It operates in two segments, Connected Home, and Small and Medium Business.
