Netgear, Inc (NTGR): Patrick J Iii Collins , SVP, Arlo Smart Home Devices of Netgear, Inc sold 375 shares on Mar 2, 2017. The Insider selling transaction was reported by the company on Mar 2, 2017 to the Securities and Exchange Commission. The shares were sold at $55.25 per share for a total value of $20,718.75 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 22, 2017, Christine Marie Gorjanc (Chief Financial Officer) sold 285 shares at $56.68 per share price.On Feb 21, 2017, Michael A Werdann (SVP of Worldwide Sales) sold 3,824 shares at $55.90 per share price.Also, On Feb 21, 2017, Andrew Wonki Kim (SVP, Legal and Corp. Dev.) sold 1,980 shares at $55.90 per share price.On Feb 21, 2017, Patrick J Iii Collins (SVP, Arlo Smart Home Devices) sold 44 shares at $56.35 per share price.
NetGear: On Friday, Mar 3, 2017 heightened volatility was witnessed in NetGear which led to swings in the share price. The shares opened for trading at $54.45 and hit $54.8 on the upside , eventually ending the session at $54.55, with a gain of 0.18% or 0.1 points. The heightened volatility saw the trading volume jump to 2,49,728 shares. The 52-week high of the share price is $60.82 and the company has a market cap of $1,796 M . The 52-week low of the share price is at $38.25.
Company has been under the radar of several Street Analysts.NetGear is Downgraded by Raymond James to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Feb 8, 2017.NetGear is Initiated by Guggenheim to Buy and the brokerage firm has set the Price Target at $70. The Rating was issued on Jan 4, 2017.
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. The Company’s business is managed in three business segments: 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 home networking hardware and software solutions as well as fourth-generation long term evolution hotspots sold to service providers. The Company has operations in Americas Europe Middle-East and Africa and Asia Pacific. It sells products through multiple sales channels including traditional retailers online retailers wholesale distributors direct market resellers value-added resellers and broadband service providers.
