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Stock impact report

Why Netgear Inc. Stock Plunged Today [The Motley Fool]

NETGEAR, Inc. (NTGR) 
Last netgear, inc. earnings: 4/22 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.netgear.com
Company Research Source: The Motley Fool
The market is up in arms over the networking hardware specialist's light guidance. Here's what investors need to know. Steve Symington ( TMFSymington ) Apr 26, 2018 at 4:59PM What happened Shares of Netgear Inc. ( NASDAQ:NTGR ) fell 10.6% today after the networking hardware specialist delivered strong first-quarter 2018 results  but followed with underwhelming guidance. Netgear's revenue climbed 6.6% year over year to $345 million, arriving at the high end of the company's latest guidance. That translated to adjusted net income of $20.4 million, or $0.62 per diluted share, down from $0.64 in last year's second quarter but beating expectations by $0.02 per share. IMAGE SOURCE: NETGEAR. So what Revenue growth was driven primarily by Netgear's Arlo wireless security camera business -- which it plans to spin off into its own publicly tr Show less Read more
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