Why Netgear, Inc. Stock Popped Today
Shares of Netgear Inc. (NASDAQ: NTGR) were up 13.2% as of 3:30 p.m. EDT Thursday, after the networking hardware company announced better-than-expected second-quarter 2017 results.
Quarterly revenue climbed 6.1% year over year to $330.7 million, led by broad-based strength across Netgear's Arlo, Orbi, and Nighthawk product lines. On the bottom line, that translated to adjusted net income of $19.9 million, or $0.60 per diluted share, down from $24.1 million, or $0.72 per share in the same year-ago period. By comparison, Netgear's guidance provided last quarter called for lower revenue of $315 million to $330 million, and investors were only anticipating adjusted earnings of $0.54 per share.
IMAGE SOURCE: NETGEAR.
Source: Fool.com
Netgear Inc. Stock
€10.80
-2.700%
With 2 Buy predictions and 1 Sell predictions the community is currently undecided on Netgear Inc..
With a target price of 22 € there is potential for a 103.7% increase which would mean more than doubling the current price of 10.8 € for Netgear Inc..
