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What: Shares of NetGear
So what: Revenue rose 32% to $278.8 million while adjusted profit improved 35% to $0.65 a share. Analysts had been expecting $256.5 million and $0.52 a share, respectively.
Now what: Management credited improving macroeconomic conditions in both North America and India for the beat. All told, the company shipped 5.6 million units. That's a 19% increase over last year's Q1, when NetGear shipped 4.7 million units.
Momentum should carry into Q2. Executives expect $270 million to $280 million in second-quarter revenue, well above the $240.9 million analysts had been expecting. Growth investors looking to capitalize on the rise of networked homes may wish to give NetGear a look.
Interested in more info on NetGear? Add it to your watchlist.
Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. NetGear is a Motley Fool Stock Advisor selection. You can try any of our Foolish newsletter services free for 30 days.
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