Netgear Inc is a global networking company that specializes in providing innovative solutions for home and business connectivity
The company offers a diverse range of products, including routers, switches, and wireless access points, as well as security cameras and smart home devices. Netgear focuses on enhancing the user experience through advanced technology, ensuring reliable and high-speed internet access for various applications. With a commitment to quality and customer satisfaction, Netgear aims to empower both consumers and businesses to connect seamlessly in an increasingly digital world.
With the earnings season now halfway through, the percentage of S&P 500 companies reporting positive earnings surprises and the magnitude of earnings surprises were above their 10-year averages.
NETGEAR's revised Q3 outlook includes higher revenue guidance due to early 5G hotspot launch. Also, NETGEAR has received $135 million payment as consideration for Settlement Agreement with TP-Link. All pending litigation between the parties will be dismissed or not further pursued.
Tech optimism is likely to abound on Wall Street as AI-levered stocks are feeding off the strength generated by Advanced Micro Devices, Inc.‘s (NASDAQAMD)
U.S. stocks look to push ahead on a positive path, now that the Federal Reserve’s rate decision is in the rearview mirror. Major index futures point to a positive open on Thursday.
Traders are treading cautiously in Wednesday’s session, seeking more clarity on the Federal Reserve’s stance with inflation reports exceeding expectations.
