NETGEAR Stock Rallies 18% in a Month: What Should Investors Do?
NETGEAR(NTGR) ZACKS·2024-11-28 23:05
NETGEAR Inc. (NTGR) stock has rallied 17.5% in the past month, outperforming its sub-industry, and the S&P 500 Composite’s growth of 6.4% and 2.8%, respectively. The stock trajectory received impetus following better-than-expected third-quarter results (announced on Oct.30) and encouraging business outlook.Prior to that, the stock had been rising owing to guidance revision due to the litigation settlement with TP-Link Systems and the early launch of its next-generation 5G mobile hotspot. Investors cheered t ...