NETGEAR, Inc. (NTGR) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: NETGEAR, Inc. (NTGR) - NTGR currently holds a Momentum Style Score of B, indicating a positive momentum outlook [3] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [4] Price Performance - NTGR shares have increased by 0.45% over the past week, while the Zacks Computer - Networking industry has declined by 1.06% during the same period [6] - Over the last month, NTGR's price change is 19.08%, significantly outperforming the industry's 2.74% [6] - In the last quarter, NTGR shares rose by 13.41%, and over the past year, they gained 74.82%, compared to the S&P 500's increases of 8.19% and 19.01%, respectively [7] Trading Volume - NTGR's average 20-day trading volume is 369,395 shares, which serves as a baseline for price-to-volume analysis [8] Earnings Outlook - In the past two months, one earnings estimate for NTGR has increased, while none have decreased, leading to a consensus estimate improvement from -$0.15 to -$0.02 [10] - For the next fiscal year, one estimate has moved upwards with no downward revisions noted [10] Conclusion - Considering the positive momentum indicators and earnings outlook, NTGR is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [12]