NETGEAR® Reports Fourth Quarter and Full Year 2018 Results

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NETGEAR (NTGR) PT Raised to $44 at Raymond James

February 7, 2019 7:29 AM EST

Raymond James analyst Adam Tindle raised the price target on NETGEAR (NASDAQ: NTGR) to $44.00 (from $43.00) while maintaining a Outperform rating.

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Netgear, Inc. (NTGR) Tops Q4 EPS by 19c, Revenues Beat; Offers 1Q Revenue Guidance Below Consensus

February 6, 2019 4:04 PM EST

Netgear, Inc. (NASDAQ: NTGR) reported Q4 EPS of $0.68, $0.19 better than the analyst estimate of $0.49. Revenue for the quarter came in at $288.9 million versus the consensus estimate of $379.84 million.

Patrick Lo, Chairman and Chief Executive Officer of NETGEAR, commented, "We had a successful fourth quarter of 2018, driven by Orbi, Nighthawk Pro Gaming, cable modems and gateways, and our SMB switching portfolio, in particular the PoE and ProAV switches. Our financial results for the quarter came in at... More