BWS Financial Downgrades NETGEAR (NTGR) to Neutral

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Go back to BWS Financial Downgrades NETGEAR (NTGR) to Neutral

NETGEAR® Reports First Quarter 2024 Results

May 1, 2024 4:05 PM EDT

Q1 net revenue of $164.6 million, above midpoint of guidance

Q1 service revenue growth of 21.2% year over year

Cashflow from operations of $17.2 million; growth of 88.4% year over year

Repurchased approximately 783,000 shares of common stock

Transformation Effort Underway

SAN JOSE, Calif.--(BUSINESS WIRE)-- NETGEAR, Inc. (NASDAQ: NTGR), a global networking company that delivers innovative networking and Internet connected products to consumers and businesses, today reported preliminary financial results for the first quarter ended March 31,... More