Goldman Sachs Maintains a 'Neutral' on NETGEAR (NTGR); Product Launches From Past 12 Months All Declined
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Price: $32.31 -0.49%
Rating Summary:
3 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
3 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade NTGR Now!
Goldman Sachs maintains a 'Neutral' on NETGEAR (NASDAQ: NTGR) price target of $37.00 (from $40.00).
Analyst, Kent Schofield, said, "2Q results were unsurprisingly hampered by weakness in Europe (EMEA 40% of sales in 2011), but 3Q guidance was disappointing even against lowered investor expectations heading into results...We are lowering our EPS estimates FY12/13/14 to $2.68/$2.87/$3.19 from $2.87/$3.11/$3.37 on reduced SP revenue expectations."
"Netgear’s revenue from products introduced in the last 12 months has declined yoy for four quarters in a row, but we expect 802.11ac, 10 GbE Ethernet, and new storage products to return this metric to growth."
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, Kent Schofield, said, "2Q results were unsurprisingly hampered by weakness in Europe (EMEA 40% of sales in 2011), but 3Q guidance was disappointing even against lowered investor expectations heading into results...We are lowering our EPS estimates FY12/13/14 to $2.68/$2.87/$3.19 from $2.87/$3.11/$3.37 on reduced SP revenue expectations."
"Netgear’s revenue from products introduced in the last 12 months has declined yoy for four quarters in a row, but we expect 802.11ac, 10 GbE Ethernet, and new storage products to return this metric to growth."
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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