Rochester, NY 2/11/2010 12:46:16 AM
NETGEAR, Inc. NTGR Trading Up Still Fails to Boost Tech-Sector
NETGEAR, Inc. NTGR is trading strong on volume of 2,254,46 shares, but till fails to boosts a dismal tech sector. Company shares spiked 14% to $24.83 on a very positive Q4 report and positive outlook for Q1.
Quarterly earning were a reported $7.9 million (22 cents per share), this on revenue of $218.8 million. Based on these numbers and excluding one-time items this measures out at 34 cents a share, beating sounding analysts expectation of 22 cents per share revenue of $178.73 million
The manufacturer after the bell report on Tuesday reported non-GAAP earning of 34 cents per share on revenue of $218.8 million.
About NETGEAR, Inc.
NETGEAR, Inc. designs, develops, and markets networking products for home users and small businesses worldwide. The company's products enable users to connect and communicate across local area networks and the World Wide Web; and share Internet access, peripherals, files, and digital multimedia content and applications among various networked devices and other Internet-enabled devices. Its product line consists of wired and wireless devices that enable Ethernet networking, broadband access, network connectivity, and network storage and security appliances. NETGEAR's products that enable Ethernet networking include switches, network interface cards, adapters and bridges, and Internet security appliances. Its products, which enable broadband access comprise routers, Internet protocol telephony products, and gateways and wireless gateways. The company's products that enable network connectivity consists of wireless access points, wireless network interface cards and adapters, media adapters, wi-fi phones, network attached storage, and powerline adapters and bridges. Netgear markets its products through traditional retailers, online retailers, wholesale distributors, direct market resellers, value added resellers, and broadband service providers. The company was founded in 1996 and is headquartered in San Jose, California.
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