BWS Financial Upgrades NETGEAR (NTGR) to Strong Buy; Top Pick

BWS Financial upgraded NETGEAR (NASDAQ: NTGR) to Strong Buy with a price target of $52.00.

Analyst, Hamed Khorsand, said, "We are using the first quarter results from NEATGEAR (NTGR) as a point for raising our rating to a Strong Buy as a designation of the stock being a top pick...The upgrade cycle to DOCSIS 3.0 has created a large revenue opportunity NTGR has continued to benefit from...The product mix in the first half of the year is dependent on service provider and commercial business, as retail seasonally takes a break. The introduction of 802.11ac wireless gear by the end of the second quarter could create the next upgrade cycle for high-end gear in retail."

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 $33.89 yesterday.

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