BWS Financial Downgrades NETGEAR (NTGR) to Hold

October 3, 2016 9:04 AM EDT
Get Alerts NTGR Hot Sheet
Price: $54.90 +1.01%

Rating Summary:
    4 Buy, 12 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 17 | New: 10
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BWS Financial downgraded NETGEAR (NASDAQ: NTGR) from Buy to Hold, citing eventual deceleration.

Analyst Hamed Khorsand commented, "We believe NTGR may have benefited much of what it can from the change in consumer buying habits, in terms of what it would mean to the Company’s earnings profile. We have been waiting nearly 3 years on our thesis to take hold and we believe now is a good time to step away. We are downgrading our rating to a Hold and moving to the sidelines."

For an analyst ratings summary and ratings history on NETGEAR click here. For more ratings news on NETGEAR click here.

Shares of NETGEAR closed at $60.49 yesterday.

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