Then, the following day, shares of Netgear fell nearly 7% after analysts at Goldman Sachs downgraded the stock to "Sell," citing the declining U.S. market for wireless networking equipment.
Even so, Steve says in the following interview with the Fool's Erin Miller, that doesn't change the argument for being bullish on Netgear stock, especially when you account for emerging markets growth and Netgear's entrance into the 4G LTE mobile device market.
What do you think? Please watch the video to get Steve's take, and then let us know whether you think Netgear is still worth your investing dollars.
Erin Miller and Fool contributor Steve Symington have no position in any stocks mentioned. The Motley Fool recommends Goldman Sachs and Netgear. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.