Deutsche Bank Cuts Estimates on NETGEAR (NTGR); Retail Business Disappoints; Commercial Begins to Pick Up
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Price: $32.60 -0.18%
Rating Summary:
3 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
3 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade NTGR Now!
Deutsche Bank maintains a 'Hold' on NETGEAR (NASDAQ: NTGR) price target of $40.00.
Analyst, Jonathan Goldberg, said, "Netgear reported Q2 revenue of $321m, below our estimate of $329m and consensus of $324m, with PF EPS of $0.64 also below our $0.76 and consensus of $0.68.The company guided Q3 revenue to $310m-$325m, with continued PF operating margins of 11%-12%. We think ongoing uncertainty around macro conditions’ impact on Netgear’s business merits a continued Hold rating."
"We are revising our estimates as follows: 3Q12 was $346m and $.077, is $320m and $0.73; 4Q12 was $369m and $0.78, is $340m and $0.70; 2012 was $1.37b and $3.04, is $1.31b and $2.80; and 2013 was $1.56b and $3.43, is $1.43b and $3.06."
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 $35.00 yesterday, with a 52 week range of $23.45-$43.44.
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Analyst, Jonathan Goldberg, said, "Netgear reported Q2 revenue of $321m, below our estimate of $329m and consensus of $324m, with PF EPS of $0.64 also below our $0.76 and consensus of $0.68.The company guided Q3 revenue to $310m-$325m, with continued PF operating margins of 11%-12%. We think ongoing uncertainty around macro conditions’ impact on Netgear’s business merits a continued Hold rating."
"We are revising our estimates as follows: 3Q12 was $346m and $.077, is $320m and $0.73; 4Q12 was $369m and $0.78, is $340m and $0.70; 2012 was $1.37b and $3.04, is $1.31b and $2.80; and 2013 was $1.56b and $3.43, is $1.43b and $3.06."
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 $35.00 yesterday, with a 52 week range of $23.45-$43.44.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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