Netgear Rises On Unusually High Volume (NTGR)

NEW YORK ( TheStreet) -- Netgear (Nasdaq: NTGR) is trading at unusually high volume Thursday with 1.7 million shares changing hands. It is currently at four times its average daily volume and trading up $4.60 (+13.6%) at $38.49 as of 3:55 p.m. ET.

Netgear has a market cap of $1.27 billion and is part of the technology sector and telecommunications industry. Shares are up 1% year to date as of the close of trading on Wednesday.

NETGEAR, Inc. engages in the design, development, marketing, and sale of networking products. The company has a P/E ratio of 13.9, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Netgear as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Netgear Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.
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