Netgear Beats Conservative Guidance on Improved Retail Demand
Netgear (NASDAQ: NTGR) released second-quarter 2019 results on Wednesday after the markets closed, showcasing sales above the top end of what admittedly seemed to be conservative guidance provided three months ago. The networking products company also highlighted a fast-growing subscriber base for its new cyber-threat protection services, setting the stage for what could be a substantial recurring revenue stream.
After climbing more than 5% on Wednesday ahead of the report, shares of Netgear are up another 9% in after-hours trading as the market digests its performance. Let's take a deeper look at what drove Netgear over the past few months, as well as what investors should be watching in the coming quarter.
Image source: Netgear.
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