The COO of Netgear (NASDAQ: NTGR) is Selling Shares

Today, the COO of Netgear (NTGRResearch Report), Michael Falcon, sold shares of NTGR for $60.32K.

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Based on Netgear’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $318 million and quarterly net profit of $22.96 million. In comparison, last year the company earned revenue of $230 million and had a GAAP net loss of $4.17 million. The company has a one-year high of $46.38 and a one-year low of $21.57. NTGR’s market cap is $1.15 billion and the company has a P/E ratio of 13.50.

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NETGEAR, Inc. engages in the provision of Internet connected products to consumers, businesses, and service providers. It operates through the following segments: Connected Home, and Small & Medium Business. The Connected Home segment focuses on consumers and consists of high-performance, dependable and easy-to-use WiFi Internet networking solutions such as WiFi mesh systems, routers, 4G/5G mobile products, smart devices such as Meural digital canvasses, and services offering consumers a range of parental controls and cyber security for their home networks. The Small & Medium Business segment focuses on small and medium-sized businesses and consists of business networking, wireless LAN, storage, and security solutions that bring enterprise-class functionality to small and medium-sized businesses at an affordable price. The company was founded by Patrick C. S. Lo and Mark G. Merrill on January 8, 1996 and is headquartered in San Jose, CA.