Tech Company Stocks In Q1: Who Gained? Who Lost?
Submitted by Rick Whiting on
Netgear
CEO: Patrick Lo
Dec. 30, 2016: $54.35
March 31, 2017: $49.55
Change: -8.83%
In February Netgear reported that in its fourth quarter ended Dec. 31 revenue was $367.9 million, up nearly 2 percent from $360.9 million in the same quarter one year earlier. Net income for the quarter was $22.1 million, up 1.4 percent from $21.8 million one year before.
For all of 2016 Netgear reported revenue of $1.33 billion, up more than 2 percent from $1.30 billion in 2015. Net income for the year was $75.9 million, up 56 percent from $48.6 million in 2015.