Netgear shares are trading lower after the company reported Q4 financial results and issued Q1 net revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Netgear's stock is trading lower following the announcement of its Q4 financial results, which were accompanied by a Q1 net revenue guidance that fell short of expectations.
February 08, 2024 | 5:50 pm
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Netgear's shares are trading lower due to disappointing Q4 financial results and lower than expected Q1 revenue guidance.
The negative reaction in Netgear's stock price is directly tied to the company's Q4 financial performance and the subsequent lower than expected revenue guidance for Q1. This news is likely to dampen investor sentiment in the short term, as guidance below estimates often leads to concerns about future growth and profitability.
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