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.