Netgear Inc. (NTGR) announced after the close Monday that it now expects first quarter net revenue to be in the range of $290 million to $295 million, compared to its prior guidance of $290 million to $305 million. Adjusted earnings for the first quarter is expected to be in the range of $0.45 to $0.50 per share. Analysts currently expect the company to earn $0.59 per share on revenue of $299.66 million for the first quarter.
Netgear has been declining since the open of trade Tuesday and is now down 1.43 at $29.45. The stock is now testing the lows of the year, trading at an 8 1/2 month low.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.