Guggenheim Starts NETGEAR (NTGR) at Neutral

Guggenheim initiates coverage on NETGEAR (NASDAQ: NTGR) with a Neutral rating.

Analyst Ryan Hutchinson commented, "NETGEAR is a leading provider of retail, commercial, and service provider networking equipment. While the company is a category leader in several product lines, including its high-end home networking products, NETGEAR has had recent challenges in its commercial and SP business units. We believe its core markets are mature and saturated, with little opportunity for share gains, and new home monitoring products have been on the market for less than a quarter. We believe shares are fairly valued at current levels."

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 $32.01 yesterday.

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