Netgear: Q3 Earnings Insights

Shares of Netgear (NASDAQ:NTGR) rose 3.6% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 73.85% over the past year to $1.13, which beat the estimate of $0.66.

Revenue of $378,114,000 up by 42.22% year over year, which beat the estimate of $313,510,000.

Looking Ahead

Netgear hasn't issued any earnings guidance for the time being.

Netgear hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Oct 21, 2020

Time: 05:00 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.netgear.com%2Fevents-and-presentations%2Fevents-calendar%2Fdefault.aspx&eventid=2628485&sessionid=1&key=FA863FB8F7AFDFBEF04F51CCE6154047&regTag=&sourcepage=register

Technicals

52-week high: $37.09

52-week low: $15.01

Price action over last quarter: Up 22.05%

Company Profile

Netgear Inc is a provider of networking solutions. The reportable segments of the company are connected home, and Small and Medium Business (SMB). The Connected Home segment focuses on consumers and consists of high-performance, dependable and easy-to-use 4G/5G mobile, Wi-Fi internet networking solutions and smart devices such as Orbi Voice smart speakers and Meural digital canvas; and SMB focused on small and medium-sized businesses and consists of business networking, storage, wireless LAN and security solutions that bring enterprise-class functionality to small and medium-sized businesses at an affordable price.