Setting A New 52 Week Low, NetGear, Inc. (Nasdaq:NTGR) Closing At $49.55

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Shipwreck freeimages.com/Roger Buser
Shipwreck freeimages.com/Roger Buser

NetGear, Inc. (Nasdaq:NTGR)

December 5th, 2018
Amidst falling markets NetGear, Inc. finished Tuesday’s trading session down 9.41%, a $5.15 decrease to close on $49.55. As well as the drop in value, NetGear, Inc. hit a new 52 week low of $49.45, breaking the previous low of $51.61 from earlier this July. Despite the drop in value, trading volumes were solid at 307% of normal which can indicate investor opportunities.

NTGR was outperformed by the rest of the Information Technology sector which went down just 3.86%.

Forecasts from 4 analysts suggest that NetGear, Inc. might rise significantly (39%), while Finbox has calculated (with medium uncertainty) a fair value price of $60.17.

Market Sectors

The market sectors were mixed Wednesday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.15%), while Financials saw the biggest drop (4.40%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Communication Services sector dropping 13%.

Utilities saw the biggest turnaround from its 5-day performance of 2.31%, as it went up 0.15%. Industrials and Consumer Discretionary both saw turn arounds from their five day positive performance, Industrials with a drop of 4.35%.

Sector Breakdown

  • Utilities went up with a 0.15% change.
  • Real Estate went down with a -1.26% change.
  • Consumer Staples went down with a -1.63% change.
  • Healthcare went down with a -2.30% change.
  • Energy went down with a -2.93% change.
  • Materials went down with a -3.08% change.
  • Communication Services went down with a -3.14% change.
  • Information Technology went down with a -3.86% change.
  • Consumer Discretionary went down with a -3.91% change.
  • Industrials went down with a -4.35% change.
  • Financials went down with a -4.40% change.

Netgear is based in United States of America. Netgear was founded in 1996.

NetGear, Inc. Info

NETGEAR, Inc. designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. The company operates in three segments: Arlo, Connected Home, and Small and Medium Business. It offers smart home/connected home/broadband access products, such as remote video security systems, broadband modems, WiFi gateways, WiFi hotspots, WiFi routers and home WiFi systems, WiFi range extenders, Powerline adapters and bridges, and WiFi network adapters. The company also provides Ethernet switches, wireless controllers and access points, unified storage products, and Internet security appliances for small and medium-sized businesses. It markets and sells its products through traditional retailers, online retailers, wholesale distributors, direct market resellers, value-added resellers, and broadband service providers in the Americas, Europe, the Middle-East, Africa, and the Asia Pacific. NETGEAR, Inc. was founded in 1996 and is headquartered in San Jose, California.

All amounts in USD unless otherwise indicated
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