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NTGR >> rated #1 by ZACKS
S&P UPGRADES OPINION ON SHARES OF NETGEAR TO BUY FROM HOLD
(Standard & Poor's)
NTGR shares are down roughly 6% on no company news. We believe the weakness may be attributable to comments from Cisco Systems that Apr-Q sales for its Linksys wireless router declined 8% sequentially. We note that NTGR's Q1 sales beat our forecast on strong retail traction, and were up 5% sequentially after adjusting for an $18M one-time service provider order in Q4. We believe industry fundamentals are improving, with a rebound in consumer spending and an acceleration in DOCSIS 3.0 deployments. On revised relative analysis, we raise our 12-month target price by $2 to $29.
Solid financials:
http://finance.yahoo.com/q/is?s=ntgr

NTGR >> rated #1 by ZACKS
S&P UPGRADES OPINION ON SHARES OF NETGEAR TO BUY FROM HOLD
(Standard & Poor's)
NTGR shares are down roughly 6% on no company news. We believe the weakness may be attributable to comments from Cisco Systems that Apr-Q sales for its Linksys wireless router declined 8% sequentially. We note that NTGR's Q1 sales beat our forecast on strong retail traction, and were up 5% sequentially after adjusting for an $18M one-time service provider order in Q4. We believe industry fundamentals are improving, with a rebound in consumer spending and an acceleration in DOCSIS 3.0 deployments. On revised relative analysis, we raise our 12-month target price by $2 to $29.
Solid financials:
http://finance.yahoo.com/q/is?s=ntgr

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