NETGEAR (NTGR): WHAT TO DO NOW?
Netgear (NTGR) traded as high as up 26% today after blow out earnings. Netgear earned $0.57 beating estimates of $0.52. Revenues grew to $278.8 million compared to consensus of $260. million.
For Q2, Netgear guides revenues of $270. million compared to consensus of $241. million.
Netgear benefited from its product innovations. Particularly noteworthy new products are in the realm of cable gateways and network storage. Netgear introduced 20 new products in the last quarter.
What to do now?
Those holding the stock long may consider scaling out starting right here to mid $40s. Those not experienced in scaling out may refer to ZYX Change Method Trade Management guidelines.… Please click here or the title below to read more.
April 29, 2011