BWS Financial Maintains a 'Buy' on NETGEAR (NTGR); Momentum from Market Share Gains; Raising PT

BWS Financial maintains a 'Buy' on NETGEAR (NASDAQ: NTGR), PT increased from $40 to $52.

BWS analyst says, "We believe one of the underlying assets investors miss in valuing NTGR is the retail distribution network the Company has created, which was one of the first undertakings by management. The retail distribution network has been the vehicle for NTGR’s successes in consumer products over the handful of very large competitors NTGR has had to face during the last five years...The response to the earnings reports suggest the Street finally understands the earnings power and growth story in owning NTGR shares."

For more ratings news on NETGEAR click here and for the rating history of NETGEAR click here.

Shares of NETGEAR closed at $34.00 yesterday.

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