Stifel Nicolaus Remains a Buy on Netgear (NTGR)
In a report released yesterday, Tore Svanberg from Stifel Nicolaus reiterated a Buy rating on Netgear, with a price target of $40.00. The company’s shares closed yesterday at $25.30.
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According to TipRanks, Svanberg is a 5-star analyst with an average return of 20.6% and a 60.08% success rate. Svanberg covers the Technology sector, focusing on stocks such as Cirrus Logic, Netgear, and Semtech.
Netgear has an analyst consensus of Moderate Buy, with a price target consensus of $40.00.
Based on Netgear’s latest earnings release for the quarter ending September 28, the company reported a quarterly revenue of $184.56 million and a GAAP net loss of $4.78 million. In comparison, last year the company earned a revenue of $182.85 million and had a net profit of $85.07 million
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