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Netgear (NTGR) Gets a Buy from Stifel Nicolaus

Tipranks - Tipranks - Fri May 1, 10:36AM CDT

In a report released today, Tore Svanberg from Stifel Nicolaus maintained a Buy rating on Netgear, with a price target of $36.00.

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Svanberg covers the Technology sector, focusing on stocks such as Marvell, Texas Instruments, and Netgear. According to TipRanks, Svanberg has an average return of 32.7% and a 66.60% success rate on recommended stocks.

Currently, the analyst consensus on Netgear is a Moderate Buy with an average price target of $36.00.

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Based on Netgear’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $176.2 million and a GAAP net loss of $15.6 million. In comparison, last year the company earned a revenue of $182.42 million and had a GAAP net loss of $8.89 million

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