Netgear Inc. NTGR was a big mover last session, as the company saw its shares rise more than 7% on the day. The stock moved up after the company reported better-than-expected second quarter 2016 results. This led to solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $46.35 to $49.79 over the past one month time frame.
None of the estimates for this computer networks industry stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Netgear carries a Zacks Rank #3 (Hold).
NETGEAR INC Price
NETGEAR INC Price | NETGEAR INC Quote
However, a better-ranked stock in the wider computer and technology space is Adobe Systems Incorporated ADBE, sporting a Zacks Rank #1 (Strong Buy).
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