Why Netgear Shares Fell 53% in 2019
Shares of networking equipment maker Netgear (NASDAQ: NTGR) got a brutal haircut in 2019. The stock fell 52.9% last year, according to data from S&P Global Market Intelligence. You could make the case that Netgear's stock really only took a 23.1% hit if you don't think that the spinoff of home automation business Arlo Technologies (NYSE: ARLO) should be included in stock returns for Netgear shareholders. Even so, a 23% drop over a period in which the S&P 500 market barometer posted a 29% gain still counts as a bad year.
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Netgear delivered earnings above Wall Street's expectations throughout the year, but revenues came up short in February's fourth-quarter report and again in October's third-quarter update. Management pointed to unexpected economic slowdowns in China and Hong Kong alongside Brexit uncertainty and other macroeconomic events beyond management's control.
Source Fool.com
