Netgear, Inc (NTGR): Patrick J Iii Collins , SVP, Arlo Smart Home Devices of Netgear, Inc sold 1,467 shares on Apr 3, 2017. The Insider selling transaction was reported by the company on Apr 4, 2017 to the Securities and Exchange Commission. The shares were sold at $49.03 per share for a total value of $71,543.25 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 4, 2017, Patrick Cs Lo (Chairman and CEO) sold 9,900 shares at $48.76 per share price.On Mar 27, 2017, Patrick J Iii Collins (SVP, Arlo Smart Home Devices) sold 5,000 shares at $51.55 per share price.Also, On Mar 20, 2017, Andrew Wonki Kim (SVP, Legal and Corp. Dev.) sold 1,563 shares at $54.10 per share price.On Mar 17, 2017, Mark G Merrill (Chief Technology Officer) sold 3,000 shares at $52.90 per share price.
Shares of NetGear (NTGR) ended Friday, Mar 24, 2017 session in red amid volatile trading. The shares closed down -0.25 points or -0.48% at $51.45 with 1,90,729 shares getting traded. Post opening the session at $51.55, the shares hit an intraday low of $50.85 and an intraday high of $52.05 and the price vacillated in this range throughout the day. The company has a market cap of $1,694 M and the number of outstanding shares has been calculated to be 3,29,31,706 shares. The 52-week high of NetGear is $60.82 and the 52-week low is $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 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.
