NETGEAR® Reports Third Quarter 2016 Results
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October 27, 2016 9:31 AM EDT
Rosenblatt upgraded NETGEAR (NASDAQ: NTGR) from Neutral to Buy with a price target of $61.00.
Analyst Kirk Adams commented, "Netgear reported strong earnings and revenues for 3Q16. Their retail business grew 18% yoy and the commercial business was up nearly 13% in the quarter. This led to revenues of $338.5M and earnings of $0.76, both well above street expectations. They guided between... More
October 26, 2016 4:57 PM EDT
Netgear, Inc. (NASDAQ: NTGR) reported Q3 EPS of $0.76, $0.05 better than the analyst estimate of $0.71. Revenue for the quarter came in at $338.5 million versus the consensus estimate of $323.82 million.
GUIDANCE:
Netgear, Inc. sees Q4 2016 revenue of $340-355 million, versus the... More
