Netgear stock drops after earnings include rough forecast [MarketWatch]
NETGEAR, Inc. (NTGR)
Last netgear, inc. earnings: 4/22 04:05 pm
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Source: MarketWatch
Netgear stock drops after earnings include rough forecast Netgear Inc. NTGR, -0.31% shares plunged Wednesday in after-hours trading after the networking company's earnings report included a downbeat forecast attributed to issues with service providers. Netgear reported first-quarter earnings of $12.8 million, or 39 cents a share, on sales of $249.1 million, up from earnings of 17 cents a share on sales of $245.2 million a year ago. However, Netgear expects second-quarter revenue and margins to decline year-over-year. "Due to reduced service provider shipments, our second quarter net revenue is expected to be in the range of $215 million to $230 million," Chief Financial Officer Bryan Murray said in a statement. "Given this decline in our topline and the increased marketing spend to support our WiFi 6 initiatives, second quarter GAAP operating margin is expected to be in the range of 0% to 1%, and non-GAAP operating margin is expected to be in the range of 4% to 5%." The stock origi
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NTGR
News
- NETGEAR Expands Growing List of AV Technology Partners [Yahoo! Finance]Yahoo! Finance
- NETGEAR Expands Growing List of AV Technology PartnersBusiness Wire
- NETGEAR Schedules First Quarter 2024 Results Conference CallBusiness Wire
- NETGEAR, Inc. (NASDAQ: NTGR) had its "buy" rating re-affirmed by analysts at BWS Financial. They now have a $30.00 price target on the stock.MarketBeat
- With 86% institutional ownership, NETGEAR, Inc. (NASDAQ:NTGR) is a favorite amongst the big guns [Yahoo! Finance]Yahoo! Finance
NTGR
Earnings
- 2/7/24 - Beat
NTGR
Sec Filings
- 4/18/24 - Form DEFA14A
- 4/18/24 - Form DEF
- 4/18/24 - Form ARS
- NTGR's page on the SEC website