NETGEAR Expects Q1 Net Revenue Of $155M-$170M, Est $176.77M
Portfolio Pulse from Benzinga Newsdesk
NETGEAR has announced its expected Q1 net revenue to be in the range of $155M-$170M, which is below the estimated $176.77M by analysts.

February 07, 2024 | 10:46 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
NETGEAR's expected Q1 revenue is below analysts' estimates, indicating potential short-term negative impact on its stock price.
When a company's revenue forecast falls short of analysts' estimates, it often leads to a negative perception among investors, potentially causing a decrease in the stock price in the short term. NETGEAR's announcement of expected Q1 revenue being below the estimated figures suggests a potential underperformance, which could lead to a decrease in investor confidence and a subsequent drop in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100