Why Netgear Stock Dropped Today

why netgear stock dropped today

Sumary of Why Netgear Stock Dropped Today:

  • What happened Shares of Netgear (NASDAQ:NTGR) were tumbling today after the company reported its second-quarter 2021 results late yesterday.
  • Investors appear to be disappointed with the company’s sales and earnings from the quarter, as well as management’s third-quarter guidance.
  • But even though Netgear’s earnings improved from a year ago, investors were disappointed that they missed analysts’ consensus estimate of $0.71 per share.
  • Additionally, investors weren’t happy with the company’s third-quarter outlook.

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