After beating estimates last quarter by 11 cents, NetGear
What analysts say:
- Buy, sell, or hold? Analysts strongly back NetGear, with six of seven rating it a buy and the remainder rating it a hold. Analysts like NetGear better than competitor Arris Group overall. Analysts still rate the stock a moderate buy, but they are a bit more wary about it compared to three months ago.
- Revenue forecasts: On average, analysts predict $277.1 million in revenue this quarter. That would represent a rise of 41.4% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of 53 cents per share. Estimates range from 52 cents to 54 cents.
What our community says:
CAPS All Stars are solidly behind the stock with 98.9% awarding it an "outperform" rating. The community at large backs the All Stars with 96.9% assigning it a rating of "outperform." Fools are bullish on NetGear and haven't been shy with their opinions lately, logging 631 posts in the past 30 days. Even with a robust four out of five stars, NetGear's CAPS rating falls a little short of the community's upbeat outlook.
NetGear's income has fallen year over year by an average of 59.4%. The company's gross margin shrank by 2.9 percentage points in the last quarter. Revenue rose 31.8% while cost of sales rose 37.7% to $191 million from a year earlier.
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