NETGEAR (NTGR) Positioned for Several Growth Opportunities - Sterne Agee

Sterne Agee's Shaw Wu reiterated his Buy rating and $41 price target on NETGEAR (NASDAQ: NTGR) after meetings with management.

Highlights from the meetings that are of interest to investors and help support their bullish thesis: (1) we see opportunity to grow the data card business that most expect to be flattish due to lack of PC growth; (2) its small but very profitable storage business is poised to rebound due to favorable HDD pricing trends; and (3) its wireless controller business will see benefit as scalability improves to 250 access points from 100 today.

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 $34.78 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Wolverine World Wide (WWW) PT Raised to $31 at UBS on Growth, EPS Upside Potential
• Cantor Fitzgerald Reiterates Overweight Rating on Applied Materials (AMAT)