Netgear Stock Hits Six-Month Low After Q1 Guidance
Shares of Netgear (NTGR) plunged to a six-month low Wednesday, down nearly 10% midday, after the company's first-quarter sales guidance missed estimates. Late Tuesday, Netgear, which makes routers and other networking devices for home use, reported flat Q4 sales of $310 million and a 20% profit decline to 55 cents a share. Analysts had expected that, but Q1 sales guidance of $290 million to $305 million came in below analysts' consensus of $317.6
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