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NTGR $14.15

NTGR target price
14.15
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Netgear, Inc.
Type
Public
Traded as NASDAQ: NTGR
S&P 600 Component
Industry Networking equipment
Founded January 8, 1996; 21 years ago (1996-01-08)
Headquarters San Jose, California, U.S.
Key people
Patrick Lo, CEO & Chairman
Products Routers, DSL/Cable Gateways, Switches, Wireless Access Points, Storage and security IP cameras
Revenue Increase US$ 1.32 billion (2016)
Net income
Increase US$ 75.8 million (2016)
Number of employees
945 (2016)
Website www.netgear.com

Netgear Inc. (stylized NETGEAR) is a global computer networking company based in San Jose, California, in the United States, with additional offices in around 25 other countries. It produces networking hardware for consumers, businesses, and service providers. The company operates in three business segments: retail, commercial, and as a service provider.

Netgear's products cover a variety of widely used technologies such as wireless (WiFi and LTE), Ethernet and powerline, with a focus on reliability and ease-of-use. The products include wired and wireless devices for broadband access and network connectivity, and are available in multiple configurations to address the needs of the end-users in each geographic region and sector in which the Company's products are sold.

Netgear products are sold in approximately 28,000 retail locations around the globe, and through approximately 31,000 value-added resellers, as well as multiple major cable, mobile and wireline service providers around the world.

Netgear's focus is primarily on the networking market, with products for home and business use, including wired and wireless technology.

Netgear markets network products for the business sector, most notably the ProSAFE switch range. As of May 2007, Netgear provides limited lifetime warranties for ProSAFE products for as long as the original buyer owns the product. Currently focusing on Multimedia segment.

Netgear also markets network appliances for the business sector, including managed switches and wired and wireless VPN firewalls. The firewalls compete in the SoHo and SMB market with Linksys, as well as with software distributions such as IPFire, pfSense, m0n0wall, SmoothWall, and Untangle. The managed switches compete with HP ProCurve Networking and 3Com.

Netgear sells premium NAS devices to small businesses and consumers under the product name ReadyNAS. With this storage hardware line, Netgear vies with competitors like Buffalo, Zyxel and HP. Netgear entered the storage market in May 2007 when it acquired Infrant (originator of the ReadyNAS line). In March 2009, Netgear began to offer an integrated online backup solution called the ReadyNAS Vault.

Netgear has a security camera brand Arlo, providing smart home security systems with a wide range of wireless security cameras.

Various Netgear products that were manufactured by SerComm were found to contain a backdoor that allowed unauthorized remote access to the affected devices. Netgear, along with other companies with products manufactured by SerComm that were affected by the aforementioned backdoor, issued firmware updates for some affected products. However, it was shortly found that the updates merely hid the backdoor but did not remove it.

A backdoor also existed on the DG834 series. Any person who can access the router using a web browser, can enable "debug" mode using '[IP_ADDR]/setup.cgi?todo=debug' and then connect via telnet directly to the router's embedded Linux system as 'root', which gives unfettered access to the router's operating system via its Busybox functionality. Additionally, a 'hidden' URL '[IP_ADDR]/setup.cgi?todo=ping_test' also allows unfettered access (On a v5 model a User Name and Password are requested). There is no user option provided to disable this. On default Netgear firmware telnet access lacks password or other control; on ISP modified versions (such as Sky) a telnet password exists based on the MAC address which can be found via online websites.

On January, 2017, various Netgear products were found to be vulnerable to an exploit that allows third party access to the router and the internal network and to turn the router into a botnet.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-25 Future report Set alerts
Q2 2022 2022-07-27 -0.19 -0.19
Q1 2022 2022-04-27 -0.28 -0.28
Q4 2021 2022-02-02 0.27 0.27
Q3 2021 2021-10-27 0.50 0.50
Q2 2021 2021-07-21 0.66 0.66
Q1 2021 2021-04-21 0.99 0.99
Q4 2020 2021-02-03 0.99 0.99
Q3 2020 2020-10-21 1.13 0.83
Q2 2020 2020-07-22 0.54 0.20

Ratings

2016-07-12 Downgrade Rosenblatt Securities Buy to Neutral $47.50
2016-07-12 Downgrade Citigroup Inc. Neutral $47.50
2016-06-09 Reiterated Rating Rosenblatt Securities Buy $47.50
2016-06-08 Initiated Coverage Wunderlich Buy $55.00
2016-04-28 Boost Price Target Rosenblatt Securities Buy $42.50 to $47.50
2016-04-05 Initiated Coverage Sterne Agee CRT Neutral $43.00
2016-02-09 Lower Price Target Rosenblatt Securities Buy $47.00 to $42.50
2015-11-17 Boost Price Target RBC Capital Sector Perform $36.00 to $42.00
2015-11-17 Boost Price Target Royal Bank Of Canada Sector Perform $36.00 to $42.00
2015-10-27 Upgrade Rosenblatt Securities Sell to Buy $47.00
2015-10-23 Upgrade Raymond James Underperform to Outperform $39.00
2015-10-23 Upgrade Raymond James Financial Inc. Underperform to Outperform $39.00
2015-06-22 Reiterated Rating Rosenblatt Securities Sell $22.00 to $25.00
2015-04-24 Boost Price Target Northland Securities Market Perform $31.00 to $34.00
2015-03-26 Initiated Coverage Guggenheim Neutral
2015-03-12 Downgrade Raymond James Market Perform to Underperform
2015-03-09 Upgrade Goldman Sachs Sell to Neutral $28.00 to $32.00
2015-03-09 Upgrade Goldman Sachs Group Inc. Sell to Neutral $28.00 to $32.00
2015-02-06 Initiated Coverage Rosenblatt Securities Sell $22.00
2015-02-06 Lower Price Target Northland Securities Market Perform $36.00 to $34.00
2014-10-23 Initiated Coverage Buckingham Research Neutral $34.00
2014-07-30 Initiated Coverage Pacific Crest Sector Perform
2014-07-25 Reiterated Rating Northland Securities Positive to Outperform
2014-07-25 Downgrade Raymond James Outperform to Market Perform
2014-04-25 Boost Price Target BWS Financial Buy $35.00 to $42.00
2014-04-04 Initiated Coverage Northland Securities Market Perform $34.00
2014-04-03 Initiated Coverage Northland Securities Market Perform $34.00
2014-03-12 Boost Price Target Goldman Sachs Sell $27.00 to $32.00
2013-11-11 Upgrade RBC Capital Underperform to Sector Perform $27.00 to $30.00
2013-11-08 Downgrade BWS Financial Strong-Buy to Buy
2013-10-25 Lower Price Target Lazard Capital Markets Buy $40.00 to $35.00
2013-10-25 Downgrade Wedbush Outperform to Neutral $36.00 to $31.00
2013-09-26 Initiated Coverage Raymond James Outperform $35.00
2013-07-26 Downgrade RBC Capital Mkts Sector Perform to Underperform $28 to $27
2013-01-31 Downgrade Barclays Overweight to Equal Weight $45 to $40
2013-01-29 Downgrade RBC Capital Mkts Outperform to Sector Perform
2013-01-22 Reiterated Barclays Overweight $42 to $45
2012-07-27 Downgrade Capstone Investments Buy to Hold $45 to $37
2012-07-03 Upgrade Barclays Equal Weight to Overweight $40 to $45
2012-04-26 Upgrade BWS Financial Buy to Strong Buy
2012-02-08 Downgrade Deutsche Bank Buy to Hold $42 to $40
2011-11-14 Reiterated Deutsche Bank Buy $35 to $42
2011-10-28 Reiterated Barclays Capital Equal Weight $35 to $38
2011-08-23 Reiterated Barclays Capital Equal Weight $39 to $35
2011-06-20 Upgrade Deutsche Bank Hold to Buy $37 to $45
2011-02-09 Reiterated Wedbush Neutral $36 to $40
2011-02-09 Reiterated Deutsche Bank Hold $32 to $37
2011-02-08 Reiterated Wedbush Neutral $33 to $36
2011-01-24 Reiterated Barclays Capital Overweight $36 to $39
2010-10-27 Reiterated Wedbush Neutral $26 to $33
2010-10-27 Reiterated Deutsche Bank Hold $24 to $32
2010-10-27 Reiterated Barclays Capital Overweight $35 to $36
2010-09-29 Reiterated Barclays Capital Overweight $33 to $35
2016-07-12 Downgrade Rosenblatt Securities Buy to Neutral $47.50
2016-07-12 Downgrade Citigroup Inc. Neutral $47.50
2016-06-09 Reiterated Rating Rosenblatt Securities Buy $47.50
2016-06-08 Initiated Coverage Wunderlich Buy $55.00
2016-04-28 Boost Price Target Rosenblatt Securities Buy $42.50 to $47.50

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
LACY LINWOOD A JR 0.67%  (242300) NTGR /
LO PATRICK CS Chairman and CEO 0.60%  (214435) NTGR /
Gorjanc Christine Marie Chief Financial Officer 0.27%  (96167) NTGR /
GODWIN A TIMOTHY 0.13%  (44965) NTGR /
FALCON MICHAEL F SVP, WW Ops and Support 0.12%  (42882) NTGR /
MERRILL MARK G Chief Technology Officer 0.11%  (38367) NTGR /
Kim Andrew Wonki VP, Legal and Corp. Dev. 0.10%  (37474) NTGR /
Henry David John SVP, Home Networking 0.10%  (35746) NTGR /
McHugh John SVP & GM, CBU 0.10%  (34884) NTGR /
FAISON RALPH E 0.09%  (33620) NTGR / PULS /
WERDANN MICHAEL A SVP of Worldwide Sales 0.09%  (33320) NTGR /
Rogers Tamesa SVP, Human Resources 0.09%  (31659) NTGR /
Shimer Julie Ann 0.09%  (31620) ELNK / NTGR / WIN /
ROSSMAN GREGORY J 0.08%  (27620) NTGR /
Collins Patrcik J III SVP, Arlo Smart Home Devices 0.07%  (25033) NTGR /
Clegg Michael SVP and GM, SPBU 0.06%  (20465) NTGR /
SOARES DAVID SVP and GM, RBU 0.05%  (18373) NTGR /
Summers Grady 0.05%  (17077) NTGR /
SCHERER BARBARA VAUGHN 0.04%  (14825) ANSS / NTGR / UCTT /
WAECHTER THOMAS H 0.04%  (14770) JDSU / NTGR /
CARTER MILLER JOYCELYN 0.03%  (11409) NTGR / PFG /
Capone Jeff Chief Technology Officer 0.02%  (8750) NTGR /
OLSON CHARLES T SVP, Engineering 0.02%  (7742) NTGR /
Graham Jef 0.01%  (5183) NTGR /