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NTGR

NETGEAR, Inc.

5/25/2013, 5:06 PM ET

Quote & Headlines Market Currents StockTalk

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Monday, May 20, 11:03 AM OCZ (OCZ +7.2%) bounces after announcing NetGear (NTGR +0.1%) has qualified its relatively costly Deneva 2 enterprise SSDs for use on NetGear's ReadyDATA 516 NAS storage systems for SMBs. Shares still -34% YTD thanks to investor frustration with SEC filing delays. (PR) Comment! [Tech, On the Move]
Thursday, May 16, 12:16 PM Cisco JV partner EMC (EMC +4.5%) joins the list of companies rallying in response to Cisco's FQ3 beat and guidance. Cisco mentioned on its earnings call integrated hardware solutions such as Vblock (offered by the Cisco/EMC VCE JV) are driving demand for its UCS servers - Cisco's UCS unit saw 77% Y/Y rev. growth. All in all, it's a good day for enterprise IT names, who are happy to receive some good earnings news after getting plenty of bad news (I, II, III, IV). HPQ +1.7%. IBM +1.3%. ORCL +1.3%. VMW +2.6%. TIBX +4.1%. CTXS +3.9%. CRM +3.8%. JIVE +4.1%. NTGR +2.7%. CVLT +2.6%. INFA +3%. (others rallying: I, II) 1 Comment [Tech, On the Move]
Thursday, April 25, 4:30 PM NETGEAR (NTGR): Q1 EPS of $0.50 beats by $0.01. Revenue of $293.4M misses by $4.38M. (PR) Comment! [Earnings, Breaking News, Tech]
Thursday, April 25, 12:10 AM Notable earnings after Thursday’s close: AEM, ALTR, AMCC, AMKR, AMZN, BIDU, BJRI, BLDR, BMRN, CALX, CAMP, CB, CBG, CENX, CERN, CINF, CLWR, CRUS, CSTR, CTCT, DECK, DLB, ELY, EMN, EXPE, FII, FR, FSL, GERN, IGT, IM, INAP, INFA, KBR, KEG, KLAC, LEG, MCRS, MXIM, N, NR, NTGR, OLN, PFG, PKI, PMCS, QLIK, RMD, RRC, RSG, SBUX, SIMO, SPN, SWKS, SYNA, TCO, THRX, TLAB, UHS, VPRT, VRSN, WRE, WYNN Comment! [Earnings]
Wednesday, April 24, 5:35 PM Notable earnings after Thursday’s close: AEM, ALTR, AMCC, AMKR, AMZN, BIDU, BJRI, BLDR, BMRN, CALX, CAMP, CB, CBG, CENX, CERN, CINF, CLWR, CRUS, CSTR, CTCT, DECK, DLB, ELY, EMN, EXPE, FII, FR, FSL, GERN, IGT, IM, INAP, INFA, KBR, KEG, KLAC, LEG, MCRS, MXIM, N, NR, NTGR, OLN, PFG, PKI, PMCS, QLIK, RMD, RRC, RSG, SBUX, SIMO, SPN, SWKS, SYNA, TCO, THRX, TLAB, UHS, VPRT, VRSN, WRE, WYNN Comment! [Earnings]
Monday, April 15, 5:42 PM Netgear (NTGR) -3.8% AH after resuming trading in the wake of its Q1 warning; shares are now about $1 above their 52-week low of $28.68. A couple of peers are down slightly in AH trading: FFIV -0.7%. ARUN -0.9%. Comment! [Tech, On the Move]
Monday, April 15, 5:08 PM 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) Comment! [Tech, Earnings, On the Move]
Wednesday, February 13, 12:52 PM Aruba Networks (ARUN -5.6%) is selling off after Wi-Fi hardware rivals NetGear and Ruckus Wireless provide disappointing calendar Q1 guidance (relative to investor expectations) to go with their Q4 reports (I, II). On its earnings call, NetGear (NTGR -9.5%) blamed its light guidance on weak service provider demand (not everyone is seeing the same) and macro challenges in the U.S. and Europe. Aruba's biggest rival, Cisco, reports after the close. 1 Comment [Tech, On the Move]
Tuesday, February 12, 5:41 PM After-hours top gainers, as of 5:15 p.m.: RPXC +17%. TRLA +8%. CMCSA +7%. CMCSK +6%. NOG +5%.
After-hours top losers: RATE -20%. RAX -8%. NAII -8%. CLF -8%. NTGR -7%. Comment! [On the Move]
Tuesday, February 12, 4:42 PM Tech guidance roundup: 1) Ruckus Wireless (RKUS - earnings) expects Q1 revenue of $62M-$64M and EPS of $0.03-$0.04 vs. a consensus of $62.6M and $0.03. 2) NetGear (NTGR - earnings) expects Q1 revenue of $290M-$305M. below a $317.6M consensus. 3) LivePerson (LPSN - earnings) expects Q1 revenue of $42M-$43M and EPS of $0.06-$0.08 vs. a consensus of $42.2M and $0.08. 2013 guidance is for revenue of $181M-$186M and EPS of $0.30-$0.33 vs. a consensus of $183.4M and $0.37. RKUS -5.7% AH. NTGR -6.4%. LPSN -4.8%. Comment! [Tech, Earnings, On the Move]
Tuesday, February 12, 4:09 PM Netgear (NTGR): Q4 EPS of $0.55 in-line. Revenue of $310.4M (flat% Y/Y) beats by $2.7M. Shares -4.8% AH. (PR) 1 Comment [Earnings, Breaking News, Tech, On the Move]
Tuesday, February 12, 12:10 AM Notable earnings after Tuesday’s close: ACC, AXLL, BWLD, CLF, CLWR, DDR, FRT, FTI, HTS, LPSN, NRP, NTGR, RAX, RENN, RKUS, SCI, SGEN, SKT, SVM, THRX, TRLA, WU, XNPT 1 Comment [Earnings]
Monday, February 11, 5:35 PM Notable earnings after Tuesday’s close: ACC, AXLL, BWLD, CLF, CLWR, DDR, FRT, FTI, HTS, LPSN, NRP, NTGR, RAX, RENN, RKUS, SCI, SGEN, SKT, SVM, THRX, TRLA, WU, XNPT 1 Comment [Earnings]
Tuesday, January 29, 12:45 PM Midday top 10 gainers: MLNK +32%. KERX +30%. SOMH +25%. VTUS +24%. MHH +14%. SWIR +14%. AEZS +11%. CNIT +11%. IBCP +10%. SSBI +10%.
Midday top 10 Losers: OXF -31%. ANAC -21%. VMW -20%. SANM -18%. OCZ -18%. LXK -15%. CTC -13%. GIG -12%. NTGR -11%. SHIP -11%. Comment! [On the Move]
Monday, January 28, 5:16 PM Sierra Wireless (SWIR) is selling its AirCard business to NetGear (NTGR) for $138M in cash. SWIR says it intends to use the proceeds to continue its acquisition strategy in the M2M market, and is exploring ways to return part of the proceeds to shareholders. NTGR says the deal provides the latest in LTE data networking access devices. Comment! [Tech, M&A]
Thursday, January 24, 5:43 PM Cisco (CSCO) is selling its Linksys home networking unit to rival Belkin for an undisclosed sum. The price tag is likely well below the $500M Cisco paid for Linksys in '03. Belkin says it will maintain the Linksys brand - both brands compete with NetGear (NTGR). The deal is another step in Cisco's efforts to cut its dependence on low-margin hardware, and increase its reliance on software and services. (previous) Update: PrivCo thinks the price may be around $275M, given Linksys' revenue and multiples for comparable deals. 3 Comments [Tech, M&A]