Netgear (NTGR) CFO Marketing Trip Recap - Rosenblatt
Get Alerts NTGR Hot Sheet
Rating Summary:
5 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
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Rosenblatt analyst, Kirk Adams, spent the past two days marketing with Netgear's (NASDAQ: NTGR) CFO, Christine Gorjanc. Overall her tone was that of quiet confidence in Netgear, its people, products and market opportunities. She stressed the that the company is in a good position in the market now that they have right sized their service provider business and are managing it for profit growth instead of revenue growth. She expressed confidence in their revenue guidance for FY2016 and that the CBU and Retail business would grow topline together at 10% this year.
No change to Buy rating or $47.50 PT
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 $45.81 yesterday.
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