NETGEAR Sees Prelim. Q4 Net Revenue $179M-$189M vs Prior Guidance Of $175M-$190M
Portfolio Pulse from Benzinga Newsdesk
NETGEAR has announced preliminary Q4 net revenue figures of $179M-$189M, which is in line with their previous guidance of $175M-$190M.
January 31, 2024 | 9:11 pm
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NEUTRAL IMPACT
NETGEAR's preliminary Q4 revenue is consistent with the company's previous guidance, indicating stability in their financial performance.
Since NETGEAR's preliminary Q4 revenue is within the range of their prior guidance, this announcement is unlikely to cause significant movement in the stock price. The news confirms that the company's performance is stable, which may reassure investors but does not provide a new catalyst for stock price change.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80