NTGR NETGEAR, Inc. - Common Stock
NASDAQ · Communications · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 6, 2026NTGR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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| Ex-date | Split | Type |
|---|---|---|
| Jan. 2, 2019 | 403-for-250 | Forward |
About NETGEAR, Inc. - Common Stock Company overview from Wikipedia
Netgear, Inc. (stylized as NETGEAR in all caps) is an American computer networking company based in San Jose, California, with offices in about 22 other countries. It produces networking hardware for consumers, businesses, and service providers. The company operates in three business segments: retail, commercial, and as a service provider.
Netgear's products cover a variety of widely used technologies such as wireless (Wi-Fi, LTE and 5G), Ethernet and powerline, with a focus on reliability and ease-of-use. The products include wired and wireless devices for broadband access and network connectivity, and are available in multiple configurations to address the needs of the end-users in each geographic region and sector in which the company's products are sold.
As of 2020, Netgear products are sold in approximately 24,000 retail locations around the globe, and through approximately 19,000 value-added resellers, as well as multiple major cable, mobile and wireline service providers around the world.
History
Netgear was founded by Patrick Lo in 1996.
On January 31, 2024, NETGEAR announced Patrick Lo's retirement from CEO and the Board of Directors, and CJ Prober became CEO.
The company was listed on the NASDAQ stock exchange in 2003.
Product range
Consumer Products
Netgear creates products that deliver networking technology through a range of products that deliver streaming and storage solutions. These products include Home WiFi, Mobile Wifi, and Wired Networking.
Products targeted at Consumers includes the Orbi and Nighthawk product lines, which deliver products including Mesh WiFi systems, cable modems and routers, WiFi range extenders, gaming routers, mobile WiFi, Mobile Hotspots, and Switches and Powerlines.
Business products
Netgear provides networking, storage, and security solutions to small to mid-sized businesses. Products that serve businesses include wireless and wired networking, mobile Wi-Fi, routers, software, and applications.
Products offered include Ethernet switches, wireless access points, routers, insight remote management, and audio-visual solutions.
Netgear's focus is primarily on the networking market, with products for home and business use, as well as pro-gaming, including wired and wireless technology.
Netgear also has a wide range of Wi-Fi range extenders
ProSAFE switches
Netgear markets network products for the business sector, most notably the ProSAFE switch range. As of May 2007, Netgear provides limited lifetime warranties for ProSAFE products for as long as the original buyer owns the product. Currently focusing on multimedia segment and business product.
Network appliances
Netgear also markets network appliances for the business sector, including managed switches and wired and wireless VPN firewalls. In 2016, Netgear released its Orbi mesh Wi-Fi system, with models for business as well as household use. The system uses a tri-band architecture, similar to the traditional dual-band, but with a dedicated 5 GHz connection between the router and a provided satellite. The addition of a second 5 GHz channel allows the network to distribute its traffic, easing congestion caused by the increasing number of 5 GHz compatible wireless devices present in many household networks. In September 2017, Netgear exited the VPN firewall product category. At CES 2021, the company unveiled the world's first WiFi 6E router that takes advantage of the 6 GHz frequency band in addition to the 5 GHz and 2.4 GHz bands. The 6 GHz frequency increases network capacity where there is high utilization of the 5 GHz and 2.4 GHz bands.
Network-attached storage
Netgear sells NAS devices to small businesses and consumers under the product name ReadyNAS. With this storage hardware line, Netgear vies with competitors like Buffalo, Zyxel and HP. Netgear entered the storage market in May 2007 when it acquired Infrant (originator of the ReadyNAS line). In March 2009, Netgear began to offer an integrated online backup solution called the ReadyNAS Vault. In June 2022 all ReadyNAS product pages was removed and replaced with a link to warranty and support information. Netgear has not yet (August 2022) confirmed that it has withdrawn from the network-connected storage market and discontinued the ReadyNAS product line.
Network surveillance cameras
Netgear created home surveillance camera brand Arlo, which was spun out into a separate company in August 2018. Arlo is now publicly traded on the New York Stock Exchange.
Netgear chipsets
Netgear uses Realtek chipsets, which can run in monitor mode and perform wireless injection. For this function, a special driver is needed.
Manufacturing
NETGEAR’s primary manufacturers are Cloud Network Technology (more commonly known as Hon Hai Precision or Foxconn Corporation), Delta Electronics Incorporated, Senao Networks, Inc., and Pegatron Corporation, all of which are headquartered in Taiwan. They distribute their manufacturing among a limited number of key suppliers and seek to avoid excessive concentration with any one single supplier.
Manufacturing occurs primarily in Vietnam, Thailand, Indonesia, and Taiwan.
To maintain quality standards, Netgear has established its own product quality organization, based in Singapore and Taiwan, that is responsible for auditing and inspecting process and product quality on the premises of ODMs and JDMs (Joint Development Manufacturers).
Netgear was unaffected by US President Donald Trump's 25% tariffs on Chinese imports. Because all manufacturing is outsourced, the company was able to shift its production lines from China to Vietnam, Thailand and Indonesia.
Product security concerns
In 2014, various Netgear products that were manufactured by SerComm were found to contain a backdoor that allowed unauthorized remote access to the affected devices. Netgear, along with other companies with products manufactured by SerComm that were affected by the aforementioned backdoor, issued firmware updates for some affected products. However, it was shortly found that the updates merely hid the backdoor but did not remove it.
A backdoor also existed on the DG834 series. Any person who can access the router using a web browser, can enable "debug" mode using [IP_ADDR]/setup.cgi?todo=debug and then connect via Telnet directly to the router's embedded Linux system as 'root', which gives unfettered access to the router's operating system via its Busybox functionality.
In January 2017, various Netgear products were found to be vulnerable to an exploit that allows third-party access to the router and the internal network and to turn the router into a botnet.
This vulnerability occurs when an attacker can access the internal network or when remote management is enabled on the router. Remote management is turned off by default; users can turn on remote management through advanced settings. Firmware fixes are currently available for the affected devices.
In 2020, a vulnerability was discovered that affected many Netgear home WiFi routers. The problem was in a web server built into the router's firmware. When launching the administration interface, the owner had to enter their password, which was not protected by security. The exploit was posted on GitHub. Netgear issued a security advisory and firmware update to address the issue.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | NTGR | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | -25.15Y avg ≈6.8 | ≈6.8 | · | · | |
| P/S (TTM) | 0.95Y avg ≈0.8 | ≈0.8 | 2.3 | Undervalued | |
| P/B (MRQ) | 1.45Y avg ≈1.1 | ≈1.1 | 2.2 | Undervalued | |
| Price / FCF (TTM) | -37.15Y avg ≈-21.8 | ≈-21.8 | · | · | |
| Price / Cash Flow (TTM) | 177.35Y avg ≈42.9 | ≈42.9 | 17.9 | Overvalued | |
| Price / Tangible Book (MRQ) | 1.55Y avg ≈1.3 | ≈1.3 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | NTGR | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 40.0%5Y avg ≈31.8% | ≈31.8% | 40.2% | In line | |
| Operating Margin (TTM) | -4.9%5Y avg ≈-2.2% | ≈-2.2% | -2.8% | Weak | |
| EBITDA Margin (TTM) | -3.2%5Y avg ≈-1.1% | ≈-1.1% | -2.1% | Weak | |
| Pretax Margin (TTM) | -3.6%5Y avg ≈-0.90% | ≈-0.90% | -0.81% | Weak | |
| Net Profit Margin (TTM) | -3.7%5Y avg ≈-3.6% | ≈-3.6% | -1.7% | Weak | |
| ROA (TTM) | -3.2%5Y avg ≈-2.8% | ≈-2.8% | -2.1% | In line | |
| ROE (TTM) | -5.3%5Y avg ≈-5.0% | ≈-5.0% | -3.5% | In line | |
| ROIC | -7.3%5Y avg ≈-8.8% | ≈-8.8% | 0.39% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | NTGR | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 2.55Y avg ≈2.7 | ≈2.7 | 2.5 | In line | |
| Quick Ratio (MRQ) | 1.65Y avg ≈1.7 | ≈1.7 | 1.1 | Strong liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | NTGR | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 3.8%5Y avg ≈-10.6% | ≈-10.6% | · | · | |
| Revenue CAGR 3Y | -9.1%5Y avg ≈-14.0% | ≈-14.0% | · | · | |
| Revenue CAGR 5Y | -11.0% | · | · | · | |
| EPS CAGR 3Y | -35.8% | · | · | · | |
| Net Income CAGR 3Y | -37.0% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | NTGR | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.85Y avg ≈0.9 | ≈0.9 | 0.7 | Top tier | |
| Inventory Turnover | 2.65Y avg ≈2.4 | ≈2.4 | 2.8 | Weak | |
| Receivables Turnover | 4.75Y avg ≈3.9 | ≈3.9 | 4.8 | Weak | |
| Revenue / Employee | ≈$892.4K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 28, 2026 | $0.16 | $0.01 | 1076.5% |
| March 31, 2026 | $0.06 | $-0.04 | 268.1% | |
| Dec. 31, 2025 | $0.26 | $0.05 | 409.8% | |
| Sept. 30, 2025 | $0.12 | $-0.09 | 230.7% | |
| June 30, 2025 | $0.06 | $-0.15 | 139.2% | |
| March 31, 2025 | $0.02 | $-0.38 | 105.3% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $700M | $674M | $741M | $932M | $1.17B | $1.26B | $999M | · | · | $1.14B | |
| Cost of Revenue | $433M | $478M | $492M | $682M | $802M | $883M | $705M | · | · | $770M | |
| Gross Profit | $266M | $196M | $249M | $251M | $366M | $372M | $294M | · | · | $374M | |
| R&D Expense | $86M | $81M | $83M | $88M | $93M | $89M | $78M | · | · | $71M | |
| SG&A Expense | $79M | $63M | $66M | $56M | $60M | $61M | $49M | · | · | $54M | |
| Operating Expenses | $300M | $184M | $283M | $333M | $299M | $297M | $268M | · | · | $268M | |
| Operating Income | $-34M | $12M | $-33M | $-83M | $67M | $76M | $26M | · | · | $105M | |
| Interest Income | · | · | · | · | · | $436.0K | $3M | · | · | $1M | |
| Other Non-op | $17M | $13M | $14M | $902.0K | $-1M | $-5M | $3M | · | · | $-166.0K | |
| Pretax Income | $-17M | $25M | $-19M | $-82M | $66M | $71M | $30M | · | · | $106M | |
| Income Tax | $1M | $13M | $86M | $-13M | $16M | $13M | $4M | · | · | $36M | |
| Net Income | $-18M | $12M | $-105M | $-69M | $49M | $58M | $26M | · | · | $76M | |
| EPS (Basic) | $-0.63 | $0.43 | $-3.57 | $-2.38 | $1.63 | $1.95 | $0.83 | · | · | $2.32 | |
| EPS (Diluted) | $-0.63 | $0.42 | $-3.57 | $-2.38 | $1.59 | $1.90 | $0.81 | · | · | $2.25 | |
| Shares (Basic) | 28,607,000 | 28,905,000 | 29,355,000 | 29,007,000 | 30,241,000 | 29,897,000 | 30,936,000 | · | · | 32,758,000 | |
| Shares (Diluted) | 28,607,000 | 29,683,000 | 29,355,000 | 29,007,000 | 31,002,000 | 30,640,000 | 31,965,000 | · | · | 33,728,000 | |
| EBITDA | $-26M | $19M | $-26M | $-73M | $81M | $94M | $46M | · | · | $146M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $210M | $286M | $177M | $146M | $264M | $346M | $190M | · | · | $240M | |
| Short-term Investments | $113M | $122M | $107M | $81M | $8M | $7M | $5M | · | · | $126M | |
| Receivables | $142M | $156M | $185M | $277M | $261M | $277M | $277M | · | $260M | $314M | |
| Inventory | $176M | $163M | $249M | $300M | $316M | $172M | $235M | · | $161M | $248M | |
| Prepaid Expense | $32M | $31M | $30M | $30M | $35M | $31M | $36M | $35M | · | $35M | |
| Current Assets | $673M | $758M | $748M | $834M | $883M | $893M | $744M | $857M | $1.02B | $963M | |
| PP&E (Net) | $26M | $11M | $8M | $9M | $13M | $16M | $18M | · | · | $18M | |
| PP&E (Gross) | $104M | $104M | $97M | $136M | $134M | $131M | $116M | · | · | $123M | |
| Accum. Depreciation | $78M | $93M | $89M | $126M | $121M | $115M | $98M | · | · | $104M | |
| Goodwill | $45M | $36M | $36M | $36M | $81M | $81M | $81M | · | · | $64M | |
| Intangibles | $38M | $0 | $0 | $1M | $2M | $4M | $10M | · | · | $38M | |
| Other Non-current Assets | $17M | $17M | $17M | $98M | $76M | $83M | $74M | · | $52M | $79M | |
| Total Assets | $836M | $850M | $847M | $1.02B | $1.08B | $1.11B | $956M | $1.08B | $1.22B | $1.18B | |
| Accounts Payable | $44M | $58M | $47M | $86M | $74M | $91M | $81M | · | $91M | $112M | |
| Accrued Liabilities | $144M | $148M | $168M | $213M | $225M | $218M | $190M | $210M | $182M | $171M | |
| Current Liabilities | $250M | $270M | $264M | $346M | $341M | $365M | $298M | $395M | $445M | $357M | |
| Capital Leases | $41M | $20M | $30M | $34M | $19M | $26M | $25M | $34M | · | · | |
| Other Non-current Liabilities | $40M | $12M | $5M | $4M | $3M | $7M | $8M | $6M | $9M | $16M | |
| Total Liabilities | $338M | $309M | $312M | $399M | $382M | $417M | $347M | $454M | $499M | $388M | |
| Common Stock | $28.0K | $29.0K | $30.0K | $29.0K | $29.0K | $30.0K | $30.0K | · | · | $33.0K | |
| Paid-in Capital | $1.04B | $998M | $968M | $946M | $923M | $883M | $831M | · | · | $566M | |
| Retained Earnings | $-539M | $-457M | $-432M | $-325M | $-227M | $-193M | $-223M | · | $116M | $229M | |
| AOCI | $196.0K | $241.0K | $136.0K | $-535.0K | $149.0K | $-35.0K | $21.0K | · | · | $2M | |
| Stockholders' Equity | $498M | $541M | $535M | $621M | $697M | $689M | $609M | · | · | $797M | |
| Liabilities + Equity | $836M | $850M | $847M | $1.02B | $1.08B | $1.11B | $956M | $1.08B | · | $1.18B | |
| Shares Outstanding | 27,943,198 | 28,500,118 | 29,615,723 | 28,907,770 | 29,285,772 | 30,399,206 | 29,925,008 | · | · | 32,958,444 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $8M | $7M | $7M | $10M | $14M | $19M | $19M | · | · | $30M | |
| Stock-based Comp | $30M | $23M | $18M | $18M | $26M | $31M | $29M | · | · | $17M | |
| Deferred Tax | $-152.0K | $1M | $82M | $-22M | $4M | $-9M | $-1M | · | · | $869.0K | |
| Amort. of Intangibles | $1M | $0 | $300.0K | $500.0K | $2M | $6M | $7M | · | · | $16M | |
| Other Non-cash | $-18M | $122M | $54M | $49M | $-98M | $83M | $-59M | · | · | $-9M | |
| Operating Cash Flow | $2M | $165M | $57M | $-14M | $-5M | $181M | $14M | · | · | $118M | |
| CapEx | $21M | $9M | $6M | $6M | $10M | $10M | $14M | · | · | $10M | |
| Investing Cash Flow | $-23M | $-26M | $-27M | $-80M | $-10M | $-17M | $49M | · | · | $-49M | |
| Stock Repurchased | $51M | $33M | $0 | $24M | $75M | $24M | $76M | · | · | $38M | |
| Net Stock Activity | $-51M | $-33M | $0 | $-24M | $-75M | $-24M | $-76M | · | · | $-43M | |
| Financing Cash Flow | $-56M | $-29M | $797.0K | $-24M | $-68M | $-8M | $-74M | · | · | $-11M | |
| Net Change in Cash | $-77M | $110M | $30M | $-117M | $-83M | $156M | $-11M | · | · | $59M | |
| Taxes Paid | $14M | $8M | $7M | $9M | $21M | $8M | $9M | · | · | · | |
| Free Cash Flow | $-19M | $156M | $51M | $-19M | $-14M | $171M | $-705.0K | · | · | $104M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.0% | 29.1% | 33.6% | 26.9% | 31.3% | 29.6% | 29.5% | · | · | 31.0% | |
| Operating Margin | -4.9% | 1.8% | -4.5% | -8.9% | 5.7% | 6.0% | 2.6% | · | · | 8.6% | |
| Net Margin | -2.6% | 1.8% | -14.1% | -7.4% | 4.2% | 4.6% | 2.6% | · | · | 5.7% | |
| Pretax Margin | -2.4% | 3.7% | -2.6% | -8.8% | 5.6% | 5.6% | 3.0% | · | · | 8.7% | |
| EBITDA Margin | -3.7% | 2.8% | -3.5% | -7.8% | 6.9% | 7.5% | 4.6% | · | · | 11.0% | |
| ROA | -2.1% | 1.5% | -11.2% | -6.6% | 4.5% | 5.7% | 2.5% | · | · | 6.8% | |
| ROE | -3.5% | 2.3% | -19.6% | -11.1% | 7.0% | 8.7% | 4.2% | · | · | 10.1% | |
| ROIC | -7.3% | 1.1% | -34.0% | -11.2% | 7.2% | 9.0% | 3.8% | · | · | 9.4% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.7 | 2.8 | 2.8 | 2.4 | 2.6 | 2.4 | 2.5 | · | · | 2.7 | |
| Quick Ratio | 1.9 | 2.1 | 1.8 | 1.5 | 1.6 | 1.9 | 1.6 | · | · | 1.9 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.8 | 0.8 | 0.8 | 0.9 | 1.1 | 1.2 | 1.0 | · | · | 1.2 | |
| Inventory Turnover | 2.6 | 2.3 | 1.8 | 2.2 | 3.3 | 4.3 | 2.9 | · | · | 4.0 | |
| Receivables Turnover | 4.7 | 3.9 | 3.2 | 3.5 | 4.3 | 4.1 | 3.4 | · | · | 4.4 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $17.82 | $18.98 | $18.08 | $21.48 | $23.79 | $22.68 | $20.34 | · | · | $24.18 | |
| Revenue / Share | $24.46 | $22.70 | $25.24 | $32.15 | $37.68 | $40.97 | $31.25 | · | · | $39.38 | |
| Cash Flow / Share | $0.06 | $5.55 | $1.94 | $-0.47 | $-0.15 | $5.91 | $0.42 | · | · | $3.41 | |
| Cash / Share | $7.51 | $10.05 | $5.97 | $5.07 | $9.01 | $11.40 | $6.36 | · | · | $7.30 | |
| EPS (TTM) | $-0.63 | $0.42 | $-3.57 | $-2.38 | $1.59 | $1.90 | $0.81 | · | · | $2.25 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 3.8% | -9.0% | -20.5% | -20.2% | -6.9% | · | · | · | · | · | |
| Revenue CAGR 3Y | -9.1% | -16.8% | -16.1% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | -11.0% | · | · | · | · | · | · | · | · | · | |
| EPS YoY | · | · | · | · | -16.3% | · | · | · | · | · | |
| EPS CAGR 3Y | · | -35.8% | · | · | · | · | · | · | · | · | |
| Net Income YoY | · | · | · | · | -15.3% | · | · | · | · | · | |
| Net Income CAGR 3Y | · | -37.0% | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $700M | $674M | $741M | $932M | $1.17B | $1.26B | $999M | · | · | $1.14B | |
| Net Income TTM | $-18M | $12M | $-105M | $-69M | $49M | $58M | $26M | · | · | $76M | |
| Market Cap | $685M | $794M | $432M | $524M | $855M | $1.24B | $733M | · | · | $1.11B | |
| P/E | -38.9 | 66.4 | -4.1 | -7.6 | 18.4 | 21.4 | 30.3 | · | · | 15.0 | |
| P/S | 1.0 | 1.2 | 0.6 | 0.6 | 0.7 | 1.0 | 0.7 | · | · | 1.0 | |
| P/B | 1.4 | 1.5 | 0.8 | 0.8 | 1.2 | 1.8 | 1.2 | · | · | 1.4 | |
| P / Tangible Book | 1.7 | 1.6 | 0.9 | 0.9 | 1.4 | 2.0 | · | · | · | · | |
| P / Cash Flow | 426.8 | 4.8 | 7.6 | -38.1 | -186.8 | 6.8 | 54.2 | · | · | 9.6 | |
| P / FCF | -36.2 | 5.1 | 8.5 | -26.9 | -59.2 | 7.2 | -1040.4 | · | · | 10.7 | |
| Earnings Yield | -2.6% | 1.5% | -24.5% | -13.1% | 5.4% | 4.7% | 3.3% | · | · | 6.7% |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $169M | $159M | $182M | $185M | $171M | $162M | $182M | $183M | $144M | $165M | $189M | $173M | $181M | $249M | |
| Cost of Revenue | $101M | $95M | $109M | $112M | $107M | $106M | $123M | $126M | $112M | $116M | $123M | $119M | $121M | $187M | |
| Gross Profit | $68M | $64M | $74M | $72M | $64M | $56M | $59M | $56M | $32M | $48M | $66M | $54M | $60M | $62M | |
| R&D Expense | $22M | $22M | $23M | $23M | $21M | $18M | $20M | $21M | $20M | $20M | $20M | $21M | $22M | $20M | |
| SG&A Expense | $20M | $19M | $20M | $21M | $21M | $18M | $18M | $8M | $19M | $18M | $17M | $17M | $16M | $15M | |
| Operating Expenses | $76M | $78M | $78M | $79M | $74M | $69M | $74M | $-39M | $79M | $70M | $69M | $72M | $72M | $74M | |
| Operating Income | $-8M | $-14M | $-5M | $-7M | $-10M | $-13M | $-15M | $96M | $-47M | $-22M | $-3M | $-18M | $-12M | $-12M | |
| Interest Income | $2M | $2M | · | $3M | $3M | $3M | · | $3M | $2M | $2M | · | · | · | · | |
| Other Non-op | $2M | $2M | $2M | $3M | $4M | $8M | $4M | $3M | $3M | $3M | $2M | $8M | $1M | $2M | |
| Pretax Income | $-7M | $-12M | $-3M | $-4M | $-6M | $-5M | $-11M | $99M | $-44M | $-19M | $-420.0K | $-10M | $-11M | $-10M | |
| Income Tax | $513.0K | $1M | $-2M | $736.0K | $864.0K | $1M | $-3M | $14M | $1M | $-148.0K | $1M | $-1M | $-857.0K | $-4M | |
| Net Income | $-7M | $-13M | $-684.0K | $-5M | $-6M | $-6M | $-9M | $85M | $-45M | $-19M | $-2M | $-9M | $-10M | $-6M | |
| EPS (Basic) | $-0.27 | $-0.47 | $-0.03 | $-0.17 | $-0.22 | $-0.21 | $-0.34 | $2.96 | $-1.56 | $-0.63 | $-0.05 | $-0.29 | $-0.33 | $-0.21 | |
| EPS (Diluted) | $-0.27 | $-0.47 | $-0.03 | $-0.17 | $-0.22 | $-0.21 | $-0.29 | $2.90 | $-1.56 | $-0.63 | $-0.05 | $-0.29 | $-0.33 | $-0.21 | |
| Shares (Basic) | 27,041,000 | 27,977,000 | · | 28,638,000 | 28,911,000 | 28,717,000 | · | 28,705,000 | 28,883,000 | 29,395,000 | · | 29,319,000 | 29,040,000 | · | |
| Shares (Diluted) | 27,041,000 | 27,977,000 | · | 28,638,000 | 28,911,000 | 28,717,000 | · | 29,364,000 | 28,883,000 | 29,395,000 | · | 29,319,000 | 29,040,000 | · | |
| EBITDA | $-8M | $-10M | · | $-7M | $-10M | $-11M | · | $96M | $-47M | $-20M | · | $-18M | $-10M | · |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $174M | $183M | $210M | $203M | $241M | $270M | $286M | $274M | $177M | $173M | · | $106M | $143M | · | |
| Short-term Investments | $94M | $113M | $113M | $123M | $122M | $122M | $122M | $122M | $117M | $117M | · | $96M | $96M | · | |
| Receivables | $153M | $142M | $142M | $160M | $145M | $143M | $156M | $177M | $147M | $173M | · | $179M | $193M | · | |
| Inventory | $175M | $169M | $176M | $167M | $157M | $158M | $163M | $162M | $189M | $211M | · | $324M | $337M | · | |
| Prepaid Expense | $38M | $35M | $32M | $29M | $33M | $31M | $31M | $34M | $27M | $30M | · | $27M | $30M | · | |
| Current Assets | $634M | $643M | $673M | $682M | $699M | $724M | $758M | $769M | $658M | $704M | · | $734M | $799M | · | |
| PP&E (Net) | $25M | $26M | $26M | $23M | $14M | $11M | $11M | $11M | $11M | $9M | · | $8M | $8M | · | |
| PP&E (Gross) | $107M | $106M | $104M | $103M | $109M | $105M | $104M | $102M | $101M | $98M | · | $137M | $136M | · | |
| Accum. Depreciation | $82M | $80M | $78M | $80M | $95M | $94M | $93M | $91M | $90M | $88M | · | $128M | $128M | · | |
| Goodwill | $45M | $45M | $45M | $46M | $46M | $36M | $36M | $36M | $36M | $36M | $36M | $36M | $36M | · | |
| Intangibles | $36M | $37M | $38M | $4M | $4M | · | $0 | · | · | · | · | $1M | $1M | · | |
| Other Non-current Assets | $17M | $17M | $17M | $17M | $18M | $17M | $17M | $16M | $16M | $17M | · | $107M | $103M | · | |
| Total Assets | $789M | $802M | $836M | $811M | $804M | $814M | $850M | $863M | $754M | $801M | · | $927M | $988M | · | |
| Accounts Payable | $54M | $43M | $44M | $58M | $59M | $55M | $58M | $52M | $40M | $38M | · | $36M | $80M | · | |
| Accrued Liabilities | $149M | $139M | $144M | $125M | $127M | $128M | $148M | $155M | $160M | $155M | · | $178M | $190M | · | |
| Current Liabilities | $255M | $249M | $250M | $239M | $243M | $242M | $270M | $271M | $253M | $244M | · | $264M | $318M | · | |
| Capital Leases | $36M | $38M | $41M | $43M | $16M | $18M | $20M | $22M | $25M | $27M | · | $32M | $32M | · | |
| Other Non-current Liabilities | $35M | $37M | $40M | $13M | $13M | $12M | $12M | $10M | $9M | $7M | · | $4M | $4M | · | |
| Total Liabilities | $332M | $331M | $338M | $304M | $280M | $280M | $309M | $312M | $295M | $290M | · | $314M | $370M | · | |
| Common Stock | $27.0K | $27.0K | $28.0K | $28.0K | $29.0K | $29.0K | $29.0K | $29.0K | $29.0K | $29.0K | · | $29.0K | $29.0K | · | |
| Paid-in Capital | $1.06B | $1.05B | $1.04B | $1.03B | $1.02B | $1.01B | $998M | $988M | $980M | $974M | · | $958M | $953M | · | |
| Retained Earnings | $-601M | $-576M | $-539M | $-521M | $-494M | $-476M | $-457M | $-437M | $-521M | $-463M | · | $-345M | $-335M | · | |
| AOCI | $-32.0K | $-28.0K | $196.0K | $152.0K | $-34.0K | $-82.0K | $241.0K | $152.0K | $-104.0K | $21.0K | · | $112.0K | $53.0K | · | |
| Stockholders' Equity | $456M | $471M | $498M | $507M | $523M | $534M | $541M | $550M | $459M | $511M | $535M | $613M | $619M | $621M | |
| Liabilities + Equity | $789M | $802M | $836M | $811M | $804M | $814M | $850M | $863M | $754M | $801M | · | $927M | $988M | · | |
| Shares Outstanding | 27,142,599 | · | 27,943,198 | · | · | · | 28,500,118 | · | · | · | · | · | · | · |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $4M | $4M | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | $2M | · | $2M | $2M | |
| Stock-based Comp | $10M | $8M | $9M | $9M | $7M | $5M | $7M | $6M | $6M | $5M | $4M | $5M | $5M | $4M | |
| Deferred Tax | $241.0K | $-67.0K | $62.0K | $-115.0K | $37.0K | $-136.0K | $747.0K | $-288.0K | $458.0K | $84.0K | $114.0K | · | $-5M | $-8M | |
| Amort. of Intangibles | $1M | $1M | $1M | $180.0K | $0 | $0 | $0 | $0 | · | · | $0 | $200.0K | $100.0K | $100.0K | |
| Other Non-cash | · | $3M | · | · | · | $-10M | · | · | · | $30M | · | · | $17M | · | |
| Operating Cash Flow | $-10M | $2M | $20M | $-7M | $-2M | $-9M | $21M | $108M | $18M | $17M | $56M | · | $9M | $-5M | |
| CapEx | $1M | $4M | $6M | $10M | $4M | $1M | $2M | $2M | $2M | $3M | $2M | · | $870.0K | $2M | |
| Investing Cash Flow | $18M | $-4M | $4M | $-10M | $-16M | $-1M | $-2M | $-11M | $-2M | $-11M | $-11M | · | $-15M | $19M | |
| Stock Repurchased | $13M | $20M | $15M | $20M | $8M | $8M | $10M | $1M | $10M | $11M | $0 | · | $0 | $0 | |
| Net Stock Activity | · | $-20M | · | · | · | $-8M | · | · | · | $-11M | · | · | $0 | · | |
| Financing Cash Flow | $-17M | $-24M | $-17M | $-20M | $-11M | $-7M | $-7M | $-31.0K | $-12M | $-10M | $-51.0K | · | $2M | $-76.0K | |
| Net Change in Cash | $-9M | $-26M | $6M | $-38M | $-29M | $-17M | $13M | $97M | $4M | $-4M | $45M | · | $-3M | $14M | |
| Free Cash Flow | · | $-2M | · | · | · | $-10M | · | · | · | $15M | · | · | $8M | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.2% | 40.5% | · | 39.1% | 37.5% | 34.8% | · | 30.9% | 22.1% | 29.3% | · | 31.3% | 33.4% | · | |
| Operating Margin | -5.0% | -8.6% | · | -3.8% | -5.6% | -7.9% | · | 52.4% | -32.6% | -13.2% | · | -10.2% | -6.6% | · | |
| Net Margin | -4.3% | -8.2% | · | -2.6% | -3.8% | -3.7% | · | 46.5% | -31.4% | -11.3% | · | -5.0% | -5.4% | · | |
| Pretax Margin | -4.0% | -7.6% | · | -2.2% | -3.3% | -2.9% | · | 54.3% | -30.7% | -11.4% | · | -5.6% | -5.8% | · | |
| EBITDA Margin | -5.0% | -6.3% | · | -3.8% | -5.6% | -6.9% | · | 52.4% | -32.6% | -12.2% | · | -10.2% | -5.5% | · | |
| ROA | -0.91% | -1.6% | · | -0.57% | -0.83% | -0.75% | · | 10.0% | -5.4% | -2.1% | · | · | · | · | |
| ROE | -1.5% | -2.6% | · | -0.90% | -1.3% | -1.1% | · | 15.7% | -8.4% | -3.3% | · | · | · | · | |
| ROIC | -2.0% | -3.1% | · | -1.7% | -2.1% | -3.1% | · | 14.9% | -10.4% | -4.2% | · | · | · | · |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.5 | 2.6 | · | 2.9 | 2.9 | 3.0 | · | 2.8 | 2.6 | 2.9 | · | · | · | · | |
| Quick Ratio | 1.6 | 1.8 | · | 2.0 | 2.1 | 2.2 | · | 2.1 | 1.7 | 1.9 | · | · | · | · |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | · | · | · | |
| Inventory Turnover | 0.6 | 0.6 | · | 0.7 | 0.6 | 0.6 | · | 0.6 | 0.4 | 0.4 | · | · | · | · | |
| Receivables Turnover | 1.1 | 1.1 | · | 1.1 | 1.2 | 1.0 | · | 1.0 | 0.9 | 0.9 | · | · | · | · |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $16.82 | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Revenue / Share | $6.23 | $5.68 | · | $6.44 | $5.90 | $5.64 | · | $6.23 | $4.98 | $5.60 | · | $5.91 | $6.23 | · | |
| Cash Flow / Share | · | $0.06 | · | · | · | $-0.30 | · | · | · | $0.58 | · | · | $0.31 | · | |
| Cash / Share | $6.42 | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| EPS (TTM) | $-0.94 | $-0.89 | · | $-0.89 | $2.18 | $0.84 | · | $0.66 | $-5.11 | $-3.84 | · | $-0.73 | $-0.74 | · |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $694M | $696M | · | $700M | $698M | $671M | · | $680M | $695M | $725M | · | $853M | $903M | · | |
| Net Income TTM | $-26M | $-25M | · | $-26M | $64M | $25M | · | $20M | $-150M | $-114M | · | $-22M | $-21M | · | |
| Market Cap | $620M | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| P/E | -24.3 | -24.2 | · | -32.9 | 13.0 | 29.4 | · | 30.1 | -3.0 | -4.1 | · | -19.4 | -25.0 | · | |
| P/S | 0.9 | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| P/B | 1.4 | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| P / Tangible Book | 1.6 | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Earnings Yield | -4.1% | -4.1% | · | -3.0% | 7.7% | 3.4% | · | 3.3% | -33.4% | -24.3% | · | -5.2% | -4.0% | · |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $700M | $674M | $741M | $932M | $1.17B |
| Gross Margin % | 38.0% | 29.1% | 33.6% | 26.9% | 31.3% |
| Operating Margin % | -4.9% | 1.8% | -4.5% | -8.9% | 5.7% |
| Net Income | $-18M | $12M | $-105M | $-69M | $49M |
| Diluted EPS | $-0.63 | $0.42 | $-3.57 | $-2.38 | $1.59 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | 2.7 | 2.8 | 2.8 | 2.4 | 2.6 |
| Quick Ratio | 1.9 | 2.1 | 1.8 | 1.5 | 1.6 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $-19M | $156M | $51M | $-19M | $-14M |
Institutional owners (13F) 204 filers · $648.8M total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 29 (-14 vs prior Q) | 20 (-15 vs prior Q) | 65 (-1 vs prior Q) | 65 (+10 vs prior Q) | -1.2M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $82,799,475 | 3,546,016 | 12.76% | Shares |
| VANGUARD GROUP INC | $62,385,677 | 2,543,240 | 9.62% | Shares |
| BRANDES INVESTMENT PARTNERS, LP | $41,232,270 | 1,765,836 | 6.35% | Shares |
| Windward Management LP | $31,965,123 | 1,368,956 | 4.93% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $30,695,933 | 1,314,601 | 4.73% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $25,992,940 | 1,113,188 | 4.01% | Shares |
| STATE STREET CORP | $25,392,658 | 1,087,480 | 3.91% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $24,688,111 | 1,057,339 | 3.81% | Shares |
| GOLDMAN SACHS GROUP INC | $17,375,786 | 744,145 | 2.68% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $17,018,928 | 728,862 | 2.62% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $16,713,077 | 715,636 | 2.58% | Shares |
| ROYCE & ASSOCIATES LP | $16,064,263 | 687,977 | 2.48% | Shares |
| Qube Research & Technologies Ltd | $14,697,050 | 629,424 | 2.27% | Shares |
| First Eagle Investment Management, LLC | $14,272,571 | 611,245 | 2.20% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $13,547,763 | 580,204 | 2.09% | Shares |
| GARNET EQUITY CAPITAL HOLDINGS, INC. | $12,064,968 | 516,701 | 1.86% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $11,012,607 | 471,632 | 1.70% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $9,994,058 | 428,011 | 1.54% | Shares |
| Tenzing Global Management, LLC | $7,005,000 | 300,000 | 1.08% | Shares |
| JPMORGAN CHASE & CO | $6,318,110 | 275,179 | 0.97% | Shares |
| NORTHERN TRUST CORP | $6,248,110 | 267,585 | 0.96% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $6,039,291 | 258,642 | 0.93% | Shares |
| MORGAN STANLEY | $5,964,118 | 255,422 | 0.92% | Shares |
| Allianz Asset Management GmbH | $5,695,345 | 243,912 | 0.88% | Shares |
| Robeco Institutional Asset Management B.V. | $5,476,625 | 234,545 | 0.84% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $5,289,709 | 226,540 | 0.82% | Shares |
| OP Asset Management Ltd | $5,037,973 | 215,759 | 0.78% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $4,472,155 | 191,527 | 0.69% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $4,143,364 | 177,446 | 0.64% | Shares |
| Hillsdale Investment Management Inc. | $4,022,154 | 172,255 | 0.62% | Shares |
| D. E. Shaw & Co., Inc. | $3,918,900 | 167,833 | 0.60% | Shares |
| Clearline Capital LP | $3,917,943 | 167,792 | 0.60% | Shares |
| Manatuck Hill Partners, LLC | $3,736,000 | 160,000 | 0.58% | Shares |
| BANK OF AMERICA CORP /DE/ | $3,719,141 | 159,278 | 0.57% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $3,710,315 | 158,900 | 0.57% | Call option |
| Empowered Funds, LLC | $3,636,576 | 155,742 | 0.56% | Shares |
| UBS Group AG | $3,552,936 | 152,160 | 0.55% | Shares |
| Bank of New York Mellon Corp | $3,152,329 | 135,003 | 0.49% | Shares |
| SEI INVESTMENTS CO | $2,945,526 | 126,149 | 0.45% | Shares |
| Windward Management LP | $2,925,755 | 125,300 | 0.45% | Call option |
| ANCHOR CAPITAL ADVISORS LLC | $2,803,868 | 120,080 | 0.43% | Shares |
| CenterBook Partners LP | $2,747,968 | 117,686 | 0.42% | Shares |
| CITADEL ADVISORS LLC | $2,538,659 | 108,722 | 0.39% | Shares |
| Y-Intercept (Hong Kong) Ltd | $2,482,245 | 106,306 | 0.38% | Shares |
| TWO SIGMA INVESTMENTS, LP | $2,256,357 | 96,632 | 0.35% | Shares |
| AMERIPRISE FINANCIAL INC | $2,079,762 | 89,069 | 0.32% | Shares |
| BARCLAYS PLC | $2,065,820 | 88,472 | 0.32% | Shares |
| Invesco Ltd. | $2,059,518 | 88,202 | 0.32% | Shares |
| Nuveen, LLC | $1,983,700 | 84,955 | 0.31% | Shares |
| ExodusPoint Capital Management, LP | $1,929,574 | 82,637 | 0.30% | Shares |
Company insiders 50 insiders · 29 officers · 21 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Charles J. Prober | Chief Executive Officer | July 31, 2026 F | 426,294 | 0 | 0 | $0 |
| Murray Bryan | Chief Financial Officer | July 31, 2026 F | 223,206 | 0 | 0 | $0 |
| Christine Marie Gorjanc | Chief Financial Officer | June 30, 2018 F | 92,629 | 0 | 0 | $0 |
| Jonathan Mather | Chief Financial Officer | Oct. 27, 2006 M | 0 | 0 | 0 | $0 |
| Pramod Badjate | President & GM, NFB | July 31, 2026 S | 154,073 | 0 | 5 | $-309,350 |
| David John Henry | President and GM, CHP | July 31, 2024 F | 120,527 | 0 | 0 | $0 |
| Raymond P Robidoux | President | March 2, 2004 M | 0 | 0 | 0 | $0 |
| Jonathan Russell Oakes | SVP and GM, Home Networking | Sept. 30, 2026 F | 72,195 | 0 | 0 | $0 |
| Graeme Mclindin | VP, Mobile | Nov. 3, 2025 S | 30,808 | 0 | 1 | $-41,283 |
| Heidi Cormack | Chief Marketing Officer | May 30, 2024 S | 83,611 | 0 | 0 | $0 |
| Martin Westhead | CTO, Software | May 6, 2024 S | 66,608 | 0 | 0 | $0 |
| Michael A Werdann | Chief Revenue Officer | May 6, 2024 S | 79,668 | 0 | 0 | $0 |
| Tamesa Rogers | Chief People Officer | April 30, 2024 F | 73,374 | 0 | 0 | $0 |
| Andrew Wonki Kim | Chief Legal Officer | April 30, 2024 F | 71,628 | 0 | 0 | $0 |
| Michael F Falcon | Chief Operations Officer | April 30, 2024 F | 134,016 | 0 | 0 | $0 |
| Vikram Mehta | SVP, SMB | Feb. 5, 2024 S | 51,720 | 0 | 0 | $0 |
| Patrick Cs Lo | Chief Exective Officer | Jan. 31, 2024 F | 162,896 | 0 | 0 | $0 |
| Mark G Merrill | CTO | Sept. 29, 2023 F | 55,980 | 0 | 0 | $0 |
| John Mchugh | SVP & GM, CBU | Dec. 20, 2019 F | 34,002 | 0 | 0 | $0 |
| Patrick J Collins III | SVP, Arlo Smart Home Devices | June 30, 2018 F | 23,682 | 0 | 0 | $0 |
| Jeff Capone | Chief Technology Officer | June 3, 2014 A | 8,750 | 0 | 0 | $0 |
| Michael Clegg | SVP and GM, SPBU | June 3, 2014 A | 20,465 | 0 | 0 | $0 |
| David Soares | SVP and GM, RBU | Feb. 18, 2014 M | 18,373 | 0 | 0 | $0 |
| Charles T Olson | SVP, Engineering | April 26, 2013 F | 7,742 | 0 | 0 | $0 |
| Shane Buckley | SVP and GM, CBU | April 26, 2012 M | 6,176 | 0 | 0 | $0 |
| Albert Liu | VP, Legal and Corp. Dev. | May 23, 2008 M | 5,233 | 0 | 0 | $0 |
| Deborah Ann Williams | SVP, Marketing and CMO | Sept. 5, 2007 M | 3,212 | 0 | 0 | $0 |
| Ian Mclean | VP, Asia Pacific Sales | Sept. 28, 2005 M | 0 | 0 | 0 | $0 |
| Christopher C Marshall | Vice President of Finance | Dec. 18, 2003 A | · | 0 | 0 | $0 |
| Douglas Andrew Murray | Director | Aug. 4, 2026 A | 6,107 | 0 | 0 | $0 |
| Laura Orvidas | Director | June 3, 2026 A | 25,690 | 0 | 0 | $0 |
| Sarah Butterfass | Director | June 3, 2026 A | 46,732 | 0 | 2 | $-72,738 |
| Shravan Goli | Director | June 3, 2026 A | 33,636 | 0 | 2 | $-90,901 |
| Laura Durr | Director | June 3, 2026 A | 49,838 | 0 | 2 | $-78,640 |
| Janice M Roberts | Director | June 3, 2026 A | 75,830 | 0 | 0 | $0 |
| Bradley Maiorino | Director | Oct. 9, 2025 S | 56,356 | 0 | 1 | $-460,601 |
| Thomas H Waechter | Director | Dec. 18, 2024 S | 61,135 | 0 | 0 | $0 |
| Barbara Vaughn Scherer | Director | June 1, 2023 A | 56,350 | 0 | 0 | $0 |
| Jef Graham | Director | May 27, 2021 A | 18,063 | 0 | 0 | $0 |
| Gregory J Rossman | Director | May 27, 2021 A | 33,335 | 0 | 0 | $0 |
| Maureen M. Mericle | Director | Dec. 9, 2019 A | 3,846 | 0 | 0 | $0 |
| Grady Summers | Director | May 31, 2018 A | 20,385 | 0 | 0 | $0 |
| Julie Ann Shimer | Director | May 31, 2018 A | 34,928 | 0 | 0 | $0 |
| Ralph E Faison | Director | May 31, 2018 A | 36,928 | 0 | 0 | $0 |
| Miller Joycelyn Carter | Director | May 31, 2018 A | 14,717 | 0 | 0 | $0 |
| Timothy A Godwin | Director | April 28, 2016 S | 44,965 | 0 | 0 | $0 |
| Linwood A Lacy JR | Director | April 30, 2015 M | 242,300 | 0 | 0 | $0 |
| George Gc Parker | Director | May 6, 2011 M | 6,400 | 0 | 0 | $0 |
| Stephen D Royer | Director | Nov. 16, 2004 S | 0 | 0 | 0 | $0 |
| Richard A Fabiano | · | Feb. 27, 2004 M | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 33 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| QQQS · Invesco Exchange-Traded Fund Trust … | 0.57% | 5,667 SH | Oct. 2, 2026 | Daily |
| ESSC · Strategy Shares | 0.25% | 3,797 NS | July 31, 2026 | N-PORT |
| JPSE · J.P. Morgan Exchange-Traded Fund Tr… | 0.15% | 37,688 NS | July 31, 2026 | N-PORT |
| IWC · iShares Trust | 0.13% | 90,791 SH | Sept. 11, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.05% | 61,621 SH | Oct. 2, 2026 | Daily |
| ESML · iShares Trust | 0.05% | 67,775 SH | Sept. 11, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.04% | 23,125 SH | Aug. 19, 2026 | Daily |
| DFSV · Dimensional ETF Trust | 0.03% | 85,678 NS | July 31, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.02% | 2,660 SH | Oct. 2, 2026 | Daily |
| RSSL · Global X Funds | 0.02% | 12,689 NS | July 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.02% | 152,727 SH | Aug. 19, 2026 | Daily |
| IWM · iShares Trust | 0.02% | 676,098 SH | Sept. 11, 2026 | Daily |
| PKW · Invesco Exchange-Traded Fund Trust | 0.02% | 12,656 SH | Oct. 2, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.01% | 92,651 NS | July 31, 2026 | N-PORT |
| FTEC · FIDELITY COVINGTON TRUST | 0.01% | 90,071 NS | July 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 309,004 SH | Aug. 19, 2026 | Daily |
| VGT · VANGUARD WORLD FUND | 0.01% | 657,832 SH | Aug. 19, 2026 | Daily |
| WSML · iShares Trust | 0.01% | 2,216 SH | Sept. 11, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.00% | 1,004 NS | July 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 74,932 NS | July 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.00% | 3,478 NS | July 31, 2026 | N-PORT |
| IGM · iShares Trust | 0.00% | 11,387 SH | Sept. 11, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.00% | 2,715 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 6,330 NS | July 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 44,695 SH | Sept. 11, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.00% | 8,468 NS | July 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 9,008 SH | Sept. 3, 2026 | Daily |
| DFAT · Dimensional ETF Trust | 0.00% | 3,172 NS | July 31, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.00% | 2,872 NS | July 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 779,187 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 2,068 SH | Aug. 19, 2026 | Daily |
| IWN · iShares Trust | · | 262,083 SH | Sept. 11, 2026 | Daily |
| SMLF · iShares Trust | · | 110,370 SH | Sept. 11, 2026 | Daily |
NTGR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
3 analysts · 2026-09-29Mean target $35.00 +48.6%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| NTGR | $685M | -38.9 | 3.8% | -2.6% | -3.5% | 38.0% |
| ADTN | $695M | -16.7 | 17.5% | -4.2% | -28.9% | 38.3% |
| VISN | $3.91B | 1.9 | 39.7% | 118.2% | -102.4% | 49.5% |
| HLIT | $1.10B | -26.0 | -26.2% | -12.0% | -10.4% | 48.5% |
| ADTN | $695M | -16.7 | 17.5% | -4.2% | -28.9% | 38.3% |
| CLFD | $476M | -59.3 | 19.6% | -5.4% | -3.1% | 33.7% |
| LTRX | $274M | -58.8 | -1.7% | -3.5% | -4.3% | 43.8% |
| RBBN | · | -4.4 | 1.3% | · | · | · |
| AVNW | $271M | 111.4 | 1.2% | 0.58% | 0.94% | 31.4% |
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