| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | 1 | 2 | — | — | 1 | — | — | 1 | 3 | 1 | — | — |
| total | individual payouts | |
|---|---|---|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡ |
|
| 2019 | ‡‡‡ |
|
| 2017 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 283.65 | 408.69 | 323.04 | 267.88 |
| Receivables | 185.06 | 156.21 | 142.05 | 152.82 |
| Inventory | 248.85 | 162.54 | 176.46 | 174.93 |
| Other | — | — | — | — |
| 747.98 | 758.03 | 673.28 | 633.66 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 46.85 | 58.48 | 43.75 | 54.04 |
| ST’ Debt | — | — | — | — |
| Other | — | — | — | — |
| 264.35 | 270.08 | 250.22 | 255.40 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 158.82 | 168.56 | — | — |
—
|
| ’25 | 162.06 | 170.53 | 184.56 | 182.47 |
699.62
|
| ’24 | 164.59 | 143.90 | 182.85 | 182.42 |
673.76
|
| ’23 | 180.91 | 173.41 | 197.85 | 188.67 |
740.84
|
| ’22 | 210.56 | 223.22 | 249.59 | 249.10 |
932.47
|
| ’21 | 317.93 | 308.81 | 290.15 | 251.19 |
1,168.07
|
| ’20 | 229.96 | 280.05 | 378.11 | 367.07 |
1,255.20
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 1.64 | (10.16) | — | — |
—
|
| ’25 | (8.74) | (1.78) | (7.37) | 19.51 |
1.61
|
| ’24 | 17.19 | 18.45 | 107.68 | 21.48 |
164.80
|
| ’23 | 9.12 | (34.59) | 26.05 | 56.27 |
56.85
|
| ’22 | 1.29 | 5.15 | (15.24) | (4.93) |
(13.73)
|
| ’21 | 13.74 | (5.23) | (17.01) | 3.92 |
(4.58)
|
| ’20 | 29.01 | 63.17 | 42.89 | 46.09 |
181.15
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (2.18) | (11.62) | — | — |
—
|
| ’25 | (10.14) | (5.31) | (17.08) | 13.62 |
(18.91)
|
| ’24 | 14.68 | 16.14 | 106.00 | 18.99 |
155.80
|
| ’23 | 8.25 | (35.32) | 24.05 | 54.07 |
51.05
|
| ’22 | 0.34 | 4.07 | (17.34) | (6.56) |
(19.49)
|
| ’21 | 12.15 | (8.19) | (19.37) | 0.97 |
(14.44)
|
| ’20 | 27.73 | 60.81 | 40.41 | 41.90 |
170.85
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (0.47) | (0.27) | — | — |
—
|
| ’25 | (0.21) | (0.22) | (0.17) | (0.02) |
(0.63)
|
| ’24 | (0.63) | (1.56) | 2.90 | (0.31) |
0.42
|
| ’23 | (0.33) | (0.29) | (2.87) | (0.06) |
(3.57)
|
| ’22 | (1.95) | (0.30) | 0.10 | (0.21) |
(2.38)
|
| ’21 | 0.72 | 0.57 | 0.31 | (0.03) |
1.59
|
| ’20 | (0.14) | 0.20 | 0.83 | 0.99 |
1.90
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 17.40 | 10.40 | 10.48 | 18.75 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 31.00 | 20.90 | 31.55 | 36.86 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 691 | 635 | 655 | 784 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.35 | 1.17 | 1.03 | 0.89 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 932.47 | 740.84 | 673.76 | 699.62 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 26.87% | 33.64% | 29.08% | 38.05% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (82.02) | (19.14) | 24.89 | (16.78) | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (8.80%) | (2.58%) | 3.69% | (2.40%) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (68.99) | (104.77) | 12.36 | (17.92) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 54.51 | 3.88 | 2.87 | 7.36 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 32.15 | 25.24 | 23.31 | 24.46 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | (2.38) | (3.57) | 0.43 | (0.63) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.47) | 1.94 | 5.70 | 0.06 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.20) | (0.20) | (0.31) | (0.72) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.67) | 1.74 | 5.39 | (0.66) | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 21.40 | 18.24 | 18.72 | 17.40 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 29.01 | 29.36 | 28.91 | 28.61 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.00 | 0.00 | 60.59 | 0.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.57 | 0.57 | 1.20 | 1.00 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.85 | 0.78 | 1.49 | 1.41 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.37 | 0.24 | 0.65 | 0.60 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (17.83) | 3.50 | 2.82 | (22.30) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (13.73) | 56.85 | 164.80 | 1.61 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (5.76) | (5.80) | (8.99) | (20.51) | — | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (19.49) | 51.05 | 155.80 | (18.91) | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 488.32 | 483.63 | 487.95 | 423.06 | — | — | — |
Working Cap'
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 45.00 | — | — | — | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (182.42) | (283.65) | (408.69) | (323.04) | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 620.86 | 535.50 | 541.07 | 497.82 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (6.58%) | (11.22%) | 1.46% | (2.13%) | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (11.82%) | (8.26%) | 5.77% | (12.21%) | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (10.47%) | (18.12%) | 2.30% | (3.45%) | — | — | — |
ROE
|
NETGEAR (NTGR), a veteran in networking hardware for home, SMB, and enterprise markets, rode the 2020 pandemic wave to $1.26 billion in revenue before a brutal 41% plunge to $674 million by 2023 amid softening consumer demand, inventory gluts, and fierce competition from low-cost rivals. Despite a -7.2% revenue CAGR over the past decade, the company boasts a fortress balance sheet with over $400 million in net cash, minimal debt, and stable book value per share around $17-24, offering rare financial flexibility in a cyclical sector plagued by volatile earnings and recent losses.
Operational trends reveal efficiency gains through workforce cuts (down 33%) and gross margin expansion to 33.6% in 2023, with free cash flow surging to $5.39 per share last year—yet ROIC languishes near zero, insider selling persists without buys, and valuations remain depressed at 1.2x sales and 1.5x book, far below historical norms after shares bottomed at $10 in 2023.
Analysts forecast revenue stabilization ($700-750 million through 2026) via pivots to higher-margin Wi-Fi 7 and enterprise solutions like Orbi, with price targets implying 55-82% upside, though EPS risks and consumer exposure temper the bull case. For value-oriented investors, NTGR’s cash buffer and undervaluation echo past cyclicals poised for rebound—but historical parallels warn of prolonged underperformance without diversification.
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