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Netgear (NTGR) warns it expects Q1 revenue of $290M-$295M and EPS of $0.45-$0.50, below a...

Netgear (NTGR) warns it expects Q1 revenue of $290M-$295M and EPS of $0.45-$0.50, below a consensus of $299.7M and $0.59. The company blames challenges in transitioning its ReadyNAS low-end storage line, which led to soft channel partner shipments and hurt product mix/gross margin. NetGear's announcement comes in the wake of warnings from F5 and Fortinet. Shares are halted. (PR)
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