NETGEAR® Reports Second Quarter 2020 Results
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NETGEAR (NTGR) PT Raised to $45 at BWS Financial; Well Positioned Due to Current Sales and Large Demand
July 23, 2020 9:46 AM EDTBWS Financial analyst Hamed Khorsand raised the price target on NETGEAR (NASDAQ: NTGR) to $45.00 while maintaining a Buy rating citing COVID pandemic, channel inventory, the current sales cycle, and robust demand.
The analyst stated "The demand for Wi-Fi routers was stronger than we... More
Netgear, Inc. (NTGR) Tops Q2 EPS by 32c, Revenues Beat
July 22, 2020 4:11 PM EDTNetgear, Inc. (NASDAQ: NTGR) reported Q2 EPS of $0.54, $0.32 better than the analyst estimate of $0.22. Revenue for the quarter came in at $280.1 million versus the consensus estimate of $235.29 million.
Second quarter 2020 net revenue of $280.1 million, an increase of 21.3% from the comparable prior year quarter.Second quarter 2020 GAAP operating income of $8.9 million, or 3.2% of net revenue, as compared to operating income of $0.3 million, or 0.1% of net revenue, in the comparable prior year quarter.Second quarter 2020 non-GAAP operating income of $21.0 million, or 7.5% of net revenue, as compared to $10.0 million, or 4.4% of net... More