We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Why You Should Add NETGEAR (NTGR) Stock to Your Portfolio
Read MoreHide Full Article
Shares of NETGEAR, Inc. (NTGR - Free Report) have gained 24.4% in the past six months against 5.1% decline of the industry. Currently, the stock carries a Zacks Rank #2 (Buy) and has a VGM Score of A.
The San Jose, CA-based company delivered a trailing four-quarter positive earnings surprise of 60%, on average. The Zacks Consensus Estimate for its current-year earnings has been revised 30.6% upward over the past 30 days.
Growth Drivers
NETGEAR is a global company that delivers innovative networking and Internet-connected products to consumers and businesses. It operates in two segments — Connected Home, and Small and Medium Business. The company continues to capitalize on technology inflections, create new categories and build recurring service revenues to maintain its market leadership.
NETGEAR is benefiting from an accretive subscriber base, robust demand for connected home products in the wake of the growing work-from-home trend. Amid the COVID-19 pandemic, families are pursuing more and more of their daily activities virtually from home. The company is uniquely suited to help them seamlessly adjust to this new environment. It is well positioned to serve the demand trends in the marketplace.
NETGEAR’s revenues are primarily driven by the rapid increase in Internet-connected devices such as smartphones, tablets and the advent of Smart Home, which have boosted the need for networking solutions. It is focused on introducing products into growth areas that form the basis of Smart Homes as it strives to be the provider of industry-leading networking and smart connected products for consumers, businesses and service provider markets.
NETGEAR expects continued strength in its end-market demand for home networks. It is confident of remaining a leader in new product introduction, based on the Wi-Fi 6 standards. The company has also been part of AT&T’s (T - Free Report) commitment to be the first to introduce mobile 5G services in the United States and plans to launch more 5G-related products in the coming days.
The company brings products and services that hinge on affordability, reliability and ease of use. NETGEAR introduced the industry-first Wi-Fi 6 mesh system with a built-in multigigabit modem. It launched the Insight Managed Business Router to enable small businesses or remote and branch office installations to offer secure access to an office Intranet through a secure site-2-site Virtual Private Network. In the third quarter of 2020, NETGEAR added 76,000 subscribers for a total of 369,000.
Plantronics delivered a trailing four-quarter positive earnings surprise of 568.2%, on average.
U.S. Cellular delivered a trailing four-quarter positive earnings surprise of 231.1%, on average.
Legal Marijuana: An Investor’s Dream
Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.
Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.
Image: Bigstock
Why You Should Add NETGEAR (NTGR) Stock to Your Portfolio
Shares of NETGEAR, Inc. (NTGR - Free Report) have gained 24.4% in the past six months against 5.1% decline of the industry. Currently, the stock carries a Zacks Rank #2 (Buy) and has a VGM Score of A.
The San Jose, CA-based company delivered a trailing four-quarter positive earnings surprise of 60%, on average. The Zacks Consensus Estimate for its current-year earnings has been revised 30.6% upward over the past 30 days.
Growth Drivers
NETGEAR is a global company that delivers innovative networking and Internet-connected products to consumers and businesses. It operates in two segments — Connected Home, and Small and Medium Business. The company continues to capitalize on technology inflections, create new categories and build recurring service revenues to maintain its market leadership.
NETGEAR is benefiting from an accretive subscriber base, robust demand for connected home products in the wake of the growing work-from-home trend. Amid the COVID-19 pandemic, families are pursuing more and more of their daily activities virtually from home. The company is uniquely suited to help them seamlessly adjust to this new environment. It is well positioned to serve the demand trends in the marketplace.
NETGEAR’s revenues are primarily driven by the rapid increase in Internet-connected devices such as smartphones, tablets and the advent of Smart Home, which have boosted the need for networking solutions. It is focused on introducing products into growth areas that form the basis of Smart Homes as it strives to be the provider of industry-leading networking and smart connected products for consumers, businesses and service provider markets.
NETGEAR expects continued strength in its end-market demand for home networks. It is confident of remaining a leader in new product introduction, based on the Wi-Fi 6 standards. The company has also been part of AT&T’s (T - Free Report) commitment to be the first to introduce mobile 5G services in the United States and plans to launch more 5G-related products in the coming days.
The company brings products and services that hinge on affordability, reliability and ease of use. NETGEAR introduced the industry-first Wi-Fi 6 mesh system with a built-in multigigabit modem. It launched the Insight Managed Business Router to enable small businesses or remote and branch office installations to offer secure access to an office Intranet through a secure site-2-site Virtual Private Network. In the third quarter of 2020, NETGEAR added 76,000 subscribers for a total of 369,000.
Other Key Picks
A couple of other top-ranked stocks in the broader industry are Plantronics, Inc. and United States Cellular Corporation (USM - Free Report) , both sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Plantronics delivered a trailing four-quarter positive earnings surprise of 568.2%, on average.
U.S. Cellular delivered a trailing four-quarter positive earnings surprise of 231.1%, on average.
Legal Marijuana: An Investor’s Dream
Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.
Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.
Download Marijuana Moneymakers FREE >>