BWS Financial Maintains a 'Buy' on NETGEAR (NTGR); Buying Opportunity for Steady Growth
Tweet
Share
E-mailGet Alerts NTGR Hot Sheet
Price: $21.02 -0.38%
Rating Summary:
6 Buy, 10 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
6 Buy, 10 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
BWS Financial maintains a 'Buy' on NETGEAR (NASDAQ: NTGR) price target of $52.
BWS Financial analyst says, "NTGR was able to buck the seasonal downtrend associated with the second quarter by posting a sequential increase in revenue. NTGR posted revenue of $291.2 million, which included a one-time $10 million revenue benefit from a service provider...From our standpoint, the business has not changed to prevent NTGR in hitting our price target of $52."
"The initial negative reaction to the earnings report is creating a buying opportunity we thought would not develop. Unfortunately, NTGR runs a business where the next catalyst is likely to be the third quarter earnings report, which puts the stock in a trading range at these lower levels for the next three months."
For more ratings news on NETGEAR click here and for the rating history of NETGEAR click here.
Shares of NETGEAR closed at $36.61 yesterday.
BWS Financial analyst says, "NTGR was able to buck the seasonal downtrend associated with the second quarter by posting a sequential increase in revenue. NTGR posted revenue of $291.2 million, which included a one-time $10 million revenue benefit from a service provider...From our standpoint, the business has not changed to prevent NTGR in hitting our price target of $52."
"The initial negative reaction to the earnings report is creating a buying opportunity we thought would not develop. Unfortunately, NTGR runs a business where the next catalyst is likely to be the third quarter earnings report, which puts the stock in a trading range at these lower levels for the next three months."
For more ratings news on NETGEAR click here and for the rating history of NETGEAR click here.
Shares of NETGEAR closed at $36.61 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Advance Auto Parts (AAP) PT Lowered to $43 at Truist Securities
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
BWS Financial, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
