Why Is NETGEAR Stock Jumping Premarket Thursday?
Portfolio Pulse from Lekha Gupta
NETGEAR, Inc. (NASDAQ:NTGR) shares are surging premarket after the company raised its Q3 2024 revenue guidance and settled a major legal dispute with TP-Link, resulting in a $135 million payment. The settlement and early launch of a new product have improved NETGEAR's financial outlook.
September 12, 2024 | 10:02 am
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POSITIVE IMPACT
Investors can gain exposure to NETGEAR's positive developments through the Brandes U.S. Small-Mid Cap Value ETF (BATS:BSMC), which includes NTGR in its portfolio.
BSMC includes NTGR in its holdings, so NETGEAR's positive news could benefit the ETF's performance. However, the impact is less direct compared to holding NTGR shares.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
NETGEAR's stock is up 25% premarket after raising its Q3 revenue guidance and settling a $135M legal dispute with TP-Link. The settlement and early product launch have improved financial metrics, boosting investor confidence.
NETGEAR's revised revenue guidance and legal settlement with TP-Link are significant positive developments. The $135M settlement boosts cash flow, and the early product launch enhances revenue prospects, leading to a 25% premarket stock increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100