NETGEAR Inc Stock Research

Market Summary

USD14.03+0.03

Market Closed

0.21%

NTGR Stock Price

NTGR RSI Chart

NTGR Valuation

Market Cap

405.6M

Price/Earnings (Trailing)

-5.88

Price/Sales (Trailing)

0.43

EV/EBITDA

-3.6

Price/Free Cashflow

-20.81

NTGR Price/Sales (Trailing)

NTGR Profitability

EBT Margin

-8.80%

Return on Equity

-11.11%

Return on Assets

-6.76%

Free Cashflow Yield

-4.81%

NTGR Fundamentals

NTGR Revenue

Revenue (TTM)

932.5M

Revenue Y/Y

-0.83%

Revenue Q/Q

-0.19%

NTGR Earnings

Earnings (TTM)

-69.0M

Earnings Y/Y

-509.89%

Earnings Q/Q

-315.78%

Price Action

52 Week Range

13.3026.79

(Low)(High)

Last 7 days

1.5%

Last 30 days

-2.4%

Last 90 days

-22.1%

Trailing 12 Months

-26.3%

NTGR Financial Health

Current Ratio

2.41

NTGR Investor Care

Buy Backs (1Y)

1.29%

Diluted EPS (TTM)

-2.38

Peers (Alternatives to NETGEAR)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CSCO	202.4B	54.9B	4.92%	12.28%	17.65	3.69	6.43%	-4.46%
ANET	51.2B	4.9B	3.86%	62.63%	33.79	10.55	53.78%	62.60%
MSI	47.3B	9.4B	-4.29%	28.80%	34.41	5.03	13.28%	8.36%
UI	9.9B	1.8B	-30.83%	-36.89%	28.31	5.5	-2.33%	-35.05%
MID-CAP
FFIV	8.9B	2.8B	9.92%	-9.48%	27.36	3.21	4.64%	-6.83%
CIEN	7.0B	3.8B	1.19%	-8.03%	38.03	1.81	3.69%	-62.64%
LITE	3.6B	1.8B	9.52%	-38.55%	-99.03	2	8.06%	-119.76%
VSAT	3.4B	2.6B	21.42%	12.97%	-25.99	1.33	-8.30%	-488.35%
SMALL-CAP
INFN	1.1B	1.6B	-21.10%	-14.49%	-25.86	0.68	13.49%	74.07%
COMM	872.7M	9.0B	-15.45%	-44.61%	-0.76	0.1	2.95%	-126.50%
ADTN	698.2M	1.4B	-2.30%	-	-13.96	0.51	131.17%	-369.34%
CMBM	429.6M	312.4M	-1.01%	9.73%	16.49	1.38	1.02%	62.85%
NTGR	405.6M	932.5M	-2.37%	-26.35%	-5.88	0.43	-20.17%	-239.69%

Financials for NETGEAR

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-0.2%	932,472,000	934,556,000	975,119,000	1,060,706,000	1,168,073,000
Gross Profit	-4.9%	250,549,000	263,552,000	281,864,000	313,799,000	365,837,000
Operating Expenses	0.0%	333,473,000	333,447,000	336,693,000	337,074,000	299,240,000
S&GA Expenses	-0.6%	139,675,000	140,565,000	142,538,000	143,732,000	145,961,000
R&D Expenses	-3.1%	88,443,000	91,273,000	92,578,000	92,959,000	92,967,000
EBITDA	-17.3%	-71,952,000	-61,338,000	-46,448,000	-12,746,000	-
EBITDA Margin	-17.6%	-0.08	-0.07	-0.05	-0.01	-
Earnings Before Taxes	-13.7%	-82,022,000	-72,167,000	-57,871,000	-24,798,000	65,504,000
EBT Margin	-13.9%	-0.09	-0.08	-0.06	-0.02	-
Net Income	-7.9%	-68,987,000	-63,934,000	-57,151,000	-30,783,000	49,387,000
Net Income Margin	-8.1%	-0.07	-0.07	-0.06	-0.03	-
Free Cahsflow	-63.0%	-19,489,000	-11,959,000	-13,988,000	-26,255,000	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	1.4%	1,020	1,005	976	1,014	1,079
Current Assets	0.5%	834	830	800	838	883
Cash Equivalents	10.2%	147	133	149	207	264
Inventory	0.5%	300	298	301	327	316
Net PPE	-9.8%	9.00	10.00	12.00	12.00	13.00
Goodwill	0%	36.00	36.00	36.00	36.00	81.00
Liabilities	4.4%	399	382	359	377	382
Current Liabilities	4.7%	346	330	305	318	341
Shareholder's Equity	-0.3%	621	623	616	637	697
Retained Earnings	-1.9%	-324	-318	-320	-294	-226
Additional Paid-In Capital	0.5%	946	942	936	931	923
Shares Outstanding	0.1%	29.00	29.00	29.00	29.00	29.00

Cashflow (Last 12 Months)					(In Thousands)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-181.4%	-13,732	-4,880	-6,643	-17,022	-4,579
Share Based Compensation	-7.6%	17,734	19,189	21,959	23,732	25,995
Cashflow From Investing	21.0%	-79,517	-100,650	-101,683	-59,167	-9,985
Cashflow From Financing	46.4%	-24,023	-44,809	-71,566	-80,499	-68,124
Buy Backs	-46.7%	24,377	45,743	78,210	88,209	75,000

Risks for NTGR

What is the probability of a big loss on NTGR?

90.8%

Probability that NETGEAR stock will be more than 20% underwater in next one year

76.5%

Probability that NETGEAR stock will be more than 30% underwater in next one year.

36.5%

Probability that NETGEAR stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does NTGR drawdown profile look like?

Y-axis is the maximum loss one would have experienced if NETGEAR was unfortunately bought at previous high price.

Drawdowns

Returns for NTGR

Cumulative Returns on NTGR

-3.9%

10-Year Cumulative Returns

-9.4%

7-Year Cumulative Returns

-18.0%

5-Year Cumulative Returns

-18.3%

3-Year Cumulative Returns

What are the long-term rolling returns for NTGR?

FIve years rolling returns for NETGEAR.

Annualized Returns

Which funds bought or sold NTGR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-25	Brandywine Global Investment Management, LLC	added	99.68	1,421,070	2,786,240	0.01%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-6.38	-112,095	2,500,900	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-12.77	-41,000	340,000	-%
2023-05-18	JPMORGAN CHASE & CO	added	2.05	344,000	8,315,000	-%
2023-05-17	Advisory Services Network, LLC	unchanged	-	440	20,361	-%
2023-05-17	Thrivent Financial for Lutherans	reduced	-3.39	-7,000	530,000	-%
2023-05-16	JANE STREET GROUP, LLC	sold off	-100	-312,887	-	-%
2023-05-16	SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC	reduced	-39.14	-179,427	295,327	0.01%
2023-05-16	Rockefeller Capital Management L.P.	sold off	-100	-14,000	-	-%
2023-05-16	SUSQUEHANNA INTERNATIONAL GROUP, LLP	added	38.4	93,711	319,760	-%

Latest Funds Activity

Are funds buying NTGR calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own NTGR

No. of Funds

NETGEAR News

Schedule 13G FIlings of NETGEAR

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2023	brandes investment partners, lp	7.11%	2,054,591	SC 13G
Feb 10, 2023	dimensional fund advisors lp	6.4%	1,837,818	SC 13G/A
Feb 09, 2023	vanguard group inc	11.75%	3,395,731	SC 13G/A
Jan 31, 2023	victory capital management inc	-	2,577,205	SC 13G/A
Jan 23, 2023	blackrock inc.	19.0%	5,494,153	SC 13G/A
Jul 06, 2022	victory capital management inc	-	2,890,543	SC 13G/A
Feb 08, 2022	dimensional fund advisors lp	5.5%	1,597,185	SC 13G/A
Feb 02, 2022	victory capital management inc	-	2,830,258	SC 13G/A
Jan 28, 2022	blackrock inc.	18.5%	5,422,752	SC 13G/A
Feb 12, 2021	dimensional fund advisors lp	5.6%	1,698,835	SC 13G/A

NTGR Fair Value

Show Fair-Value

Recent SEC filings of NETGEAR

View All Filings

Date Filed	Form Type	Document
May 24, 2023	SD	SD
May 23, 2023	144	Notice of Insider Sale Intent
May 23, 2023	4	Insider Trading
May 05, 2023	10-Q	Quarterly Report
May 03, 2023	4	Insider Trading
May 03, 2023	4	Insider Trading
May 03, 2023	4	Insider Trading
May 02, 2023	4	Insider Trading
May 02, 2023	4	Insider Trading
May 02, 2023	4	Insider Trading

Latest Insider Trading transactions for NTGR

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-23	Cormack Heidi	sold	-65,491	13.97	-4,688	svp, marketing
2023-05-02	Mehta Vikram	sold	-79,991	13.73	-5,826	svp, cbu
2023-05-02	Westhead Martin	sold	-37,248	13.76	-2,707	cto
2023-05-02	WERDANN MICHAEL A	sold	-85,586	13.74	-6,229	svp, world wide sales
2023-04-30	LO PATRICK CS	sold (taxes)	-61,974	14.13	-4,386	ceo
2023-04-30	Bryan Murray	sold (taxes)	-70,918	14.13	-5,019	cfo
2023-04-30	Mehta Vikram	sold (taxes)	-43,520	14.13	-3,080	svp, cbu
2023-04-30	Westhead Martin	sold (taxes)	-44,269	14.13	-3,133	cto
2023-04-30	Rogers Tamesa	sold (taxes)	-40,892	14.13	-2,894	svp, hr
2023-04-30	Henry David John	sold (taxes)	-45,512	14.13	-3,221	svp, chp

About NETGEAR

Chiu S. Lo

www.netgear.com

770

NETGEAR, Inc. designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. The company operates in two segments, Connected Home, and Small and Medium Business. It offers smart home/connected home/broadband access products, such as Wi-Fi routers and home Wi-Fi systems, broadband modems, Wi-Fi gateways, Wi-Fi hotspots, Wi-Fi range extenders, Powerline adapters and bridges, Wi-Fi network adapters, and digital canvasses; and value-added service offerings, including technical support, parental controls, and cybersecurity protection. The company also provides Ethernet switches, Wi-Fi mesh systems and access points, local and remote unified storage products, and Internet security appliances for small and medium-sized businesses, as well as education, hospitality and health markets. It markets and sells its products through traditional retailers, online retailers, wholesale distributors, direct market resellers, value-added resellers, and broadband service providers, as well as through its direct online store at www.netgear.com. in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company was incorporated in 1996 and is headquartered in San Jose, California.

NTGR Income Statement

2023-04-02

Unaudited Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands

3 Months Ended

Apr. 02, 2023

Apr. 03, 2022

Income Statement [Abstract]

Net revenue

^[1]

$ 180,908

$ 210,558

Cost of revenue

120,526

151,655

Gross profit

60,382

58,903

Operating expenses:

Research and development

22,134

23,821

Sales and marketing

33,879

35,586

General and administrative

16,236

13,602

Goodwill impairment

44,442

Other operating expenses (income), net

108

(3)

Total operating expenses

72,357

117,448

Loss from operations

(11,975)

(58,545)

Other income (expenses), net

^[2]

1,406

(982)

Loss before income taxes

(10,569)

(59,527)

Benefit from income taxes

(857)

(2,317)

Net loss

$ (9,712)

$ (57,210)

Net loss per share

Basic

$ (0.33)

$ (1.95)

Diluted

$ (0.33)

$ (1.95)

Weighted average shares used to compute net loss per share:

Basic

29,040

29,350

Diluted

29,040

29,350

[1]	No individual foreign country represented more than 10% of the Company's total net revenue in the periods presented.
[2]	Amounts included gain/(loss), net from derivatives not designated as hedging instruments of $(0.2) million and $1.2 million, for the three months ended April 2, 2023 and April 3, 2022, respectively.

NTGR Balance Sheet

2023-04-02

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 02, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 143,191	$ 146,500
Short-term investments	96,019	80,925
Accounts receivable, net of allowance for doubtful accounts $397 as of April 2, 2023 and December 31, 2022, respectively	192,540	277,485
Inventories	337,187	299,614
Prepaid expenses and other current assets	30,487	29,767
Total current assets	799,424	834,291
Property and equipment, net	8,266	9,225
Operating lease right-of-use assets	39,908	40,868
Intangibles, net	1,200	1,329
Goodwill	36,279	36,279
Other non-current assets	103,030	97,793
Total assets	988,107	1,019,785
Current liabilities:
Accounts payable	79,637	85,550
Accrued employee compensation	21,706	24,132
Other accrued liabilities	190,276	213,476
Deferred revenue	22,439	21,128
Income taxes payable	3,702	1,685
Total current liabilities	317,760	345,971
Non-current income taxes payable	15,214	14,972
Non-current operating lease liabilities	32,372	34,085
Other non-current liabilities	4,199	3,902
Total liabilities	369,545	398,930
Commitments and contingencies (Note 8)
Stockholders’ equity:
Common stock	29	29
Additional paid-in capital	953,074	946,123
Accumulated other comprehensive income (loss)	53	(535)
Accumulated deficit	(334,594)	(324,762)
Total stockholders’ equity	618,562	620,855
Total liabilities and stockholders’ equity	$ 988,107	$ 1,019,785