NETGEAR, Inc.·Technology

NETGEAR (NTGR) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

NetGear Inc (NASDAQ: NTGR) is pushing aggressively to the upside this morning after the FCC announced a sweeping ban on the import of new foreign-produced wireless routers. Investors are cheering NTGR primarily because the Federal Communications Commission cited significant national security threats for its landmark ruling – effectively “sidelining” a bunch of its major international rivals.

NETGEAR (NTGR) is experiencing a significant stock surge after the Federal Communications Commission (FCC) expanded its Covered List to include certain foreign-

Shares of Netgear (NASDAQ:NTGR) rose more than 11% on Tuesday morning after US regulators moved to restrict the import and sale of newer consumer-grade routers made outside the country. The Federal Communications Commission said on Monday it had updated its list of equipment deemed insufficiently secure, adding all consumer-grade routers manufactured abroad to the restrictions.

Wi-Fi router manufacturer NetGear Inc (NASDAQ:NTGR) is surging 9.8% higher this morning, last seen at $24.23, headed for its best daily pop since August.

Netgear (NTGR) surges 14% after FCC bans new foreign-made Wi-Fi routers, citing severe cybersecurity and supply chain risks. SK hynix (HXSCL) commits $7.9B to acquire advanced ASML equipment, targeting next-gen memory chip production amid AI-driven demand.
NETGEAR, Inc. designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. The company operates in two segments, Connected Home, and Small and Medium Business. It offers smart home/connected home/broadband access products, such as Wi-Fi routers and home Wi-Fi systems, broadband modems, Wi-Fi gateways, Wi-Fi hotspots, Wi-Fi range extenders, Powerline adapters and bridges, Wi-Fi network adapters, and digital canvasses; and value-added service offerings, including technical support, parental controls, and cybersecurity protection. The company also provides Ethernet switches, Wi-Fi mesh systems and access points, local and remote unified storage products, and Internet security appliances for small and medium-sized businesses, as well as education, hospitality and health markets. It markets and sells its products through traditional retailers, online retailers, wholesale distributors, direct market resellers, value-added resellers, and broadband service providers, as well as through its direct online store at www.netgear.com. in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company was incorporated in 1996 and is headquartered in San Jose, California.
Technology
Communication Equipment
636
2003-07-31
1.09