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NETGEAR Inc
NASDAQ:NTGR

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NETGEAR Inc Logo
NETGEAR Inc
NASDAQ:NTGR
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Price: 13.99 USD -0.07% Market Closed
Updated: Dec 11, 2023

Intrinsic Value

Valuation History
NETGEAR Inc

Historical Profit
Current Valuation
Price & Value Correlation
Value CAGR
Calculating
Intrinsic Value History...

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Fundamental Analysis

2023-Q3 Earnings Call
NEW
Artifical Intelligence Analysis

Revenue Falls but Gross Margins Improve
Revenue Falls but Gross Margins Improve

In Q3 2023, revenue reached $197.8 million, up 14.1% sequentially but down 20.7% year-over-year due to stronger demand in the CHP retail market and stable inventory levels. Despite a downturn in the small and medium-sized business (SMB) segment, non-GAAP operating income was $5.3 million with a margin of 2.7%, topping guidance. The company saw success with premium products and substantial growth in paid service subscribers. Looking ahead, Q4 revenue is projected between $175 to $190 million, anticipating inventory adjustments and focusing on WiFi 7 products to drive growth into 2024.

Financials
NEW
NEW

Balance Sheet Decomposition
NETGEAR Inc

Current Assets 741m
Cash & Short-Term Investments 228m
Receivables 201m
Other Current Assets 312m
Non-Current Assets 102m
Long-Term Investments 8.2m
PP&E 48m
Intangibles 36.3m
Other Non-Current Assets 9.4m
Current Liabilities 260m
Accounts Payable 47.1m
Accrued Liabilities 187m
Other Current Liabilities 25.9m
Non-Current Liabilities 49.8m
Other Non-Current Liabilities 49.8m
Efficiency
Fundamental Scores

NTGR Profitability Score
Profitability Due Diligence

NETGEAR Inc's profitability score is 39/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Negative Free Cash Flow
Positive Revenue Growth Forecast
Declining ROIC
39/100
Profitability
Score

NETGEAR Inc's profitability score is 39/100. The higher the profitability score, the more profitable the company is.

NTGR Solvency Score
Solvency Due Diligence

NETGEAR Inc's solvency score is 60/100. The higher the solvency score, the more solvent the company is.

Low D/E
Short-Term Solvency
Long-Term Solvency
Low Altman Z-Score
60/100
Solvency
Score

NETGEAR Inc's solvency score is 60/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

NTGR Price Targets Summary
NETGEAR Inc

Wall Street analysts forecast NTGR stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for NTGR is 23.97 USD with a low forecast of 17.17 USD and a high forecast of 31.5 USD.

Lowest
Price Target
17.17 USD
23% Upside
Average
Price Target
23.97 USD
71% Upside
Highest
Price Target
31.5 USD
125% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

NTGR Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

NTGR Return Decomposition
Main factors of price return

What is price return decomposition?

NTGR Price
NETGEAR Inc

1M 1M
+14%
6M 6M
+1%
1Y 1Y
-33%
3Y 3Y
-61%
5Y 5Y
-57%
10Y 10Y
-26%
Annual Price Range
13.99
52w Low
10.43
52w High
20.82
Price Metrics
Average Annual Return 3.19%
Standard Deviation of Annual Returns 40.43%
Max Drawdown -77%
Shares Statistics
Market Capitalization 414m USD
Shares Outstanding 29 608 500
Percentage of Shares Shorted 3.33%

NTGR News

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Company Profile

NETGEAR Inc Logo
NETGEAR Inc

Country

United States of America

Industry

Communications

Market Cap

414m USD

Dividend Yield

0%

Description

NETGEAR, Inc. engages in the provision of Internet connected products to consumers, businesses, and service providers. The company is headquartered in San Jose, California and currently employs 771 full-time employees. The company went IPO on 2003-07-31. The firm operates through two segments: Connected Home and Small and Medium Business (SMB). The Connected Home segment focuses on consumers and provides wireless fidelity (WiFi) Internet networking solutions such as WiFi 6 and WiFi 6E Tri-band and Quad-band mesh systems, routers, fourth generation/fifth generation (4G/5G) mobile products, smart devices such as Meural digital canvasses, and subscription services that provide consumers a range of value-added services. The SMB segment focuses on small and medium sized businesses and provides solutions for business networking, wireless local area network (LAN), audio and video over Ethernet for Pro AV applications, security, and remote management. The firm conducts business across three geographic regions: Americas; Europe, Middle East, and Africa (EMEA), and Asia Pacific (APAC).

Contact

CALIFORNIA
San Jose
350 E Plumeria Dr
+14089078000.0
http://www.netgear.com/

IPO

2003-07-31

Employees

771

Officers

Co-Founder, Chairman & CEO
Mr. C. S. Lo
Chief Financial Officer
Mr. Bryan D. Murray
Chief Legal Officer, SVP of Corp. Devel. & Corp. Sec.
Mr. Andrew W. Kim
Chief Revenue Officer
Mr. Michael A. Werdann
Pres, GM of Connected Home Products & Services and Director
Mr. David John Henry
Co-Founder & CTO
Mr. Mark G. Merrill
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Chief Operations Officer
Mr. Michael F. Falcon
Director of Investor Relations & Corp. Devel.
Mr. Christopher Genualdi
Chief Marketing Officer
Ms. Heidi B. Cormack
Chief People Officer
Ms. Tamesa T. Rogers
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See Also

Discover More
What is the Intrinsic Value of one NTGR stock?

The intrinsic value of one NTGR stock under the Base Case scenario is 23.26 USD.

Is NTGR stock undervalued or overvalued?

Compared to the current market price of 13.99 USD, NETGEAR Inc is Undervalued by 40%.