Netgear, Inc. (NTGR) Tops Q3 EPS by 5c

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Go back to Netgear, Inc. (NTGR) Tops Q3 EPS by 5c

Rosenblatt Upgrades NETGEAR (NTGR) to Buy

October 27, 2016 9:31 AM EDT

Rosenblatt upgraded NETGEAR (NASDAQ: NTGR) from Neutral to Buy with a price target of $61.00.

Analyst Kirk Adams commented, "Netgear reported strong earnings and revenues for 3Q16. Their retail business grew 18% yoy and the commercial business was up nearly 13% in the quarter. This led to revenues of $338.5M and earnings of $0.76, both well above street expectations. They guided between... More