BWS Financial Maintains Strong Buy Rating On Netgear

WOODLAND HILLS, Calif. - April 26, 2013 - PRLog -- Woodland Hills, April 26, 2013:  BWS Financial, Inc. today released an updated note on Netgear Inc.  after NTGR reported first quarter results on Thursday.

Hamed Khorsand, senior analyst at BWS Financial, Inc., expects NTGR to benefit in the second half of the year with the consumer shift to other networking devices, such as range extenders and storage appliances. Additionally, NTGR is expected to benefit from the AirCard acquisition as service providers rollout wireless broadband service using LTE gateways.
Khorsand also notes that the second quarter revenue guidance of $345- $360 million revenue is a rarity for the Company, as the second quarter is seasonally a slow period for NTGR due to a decline in retail.

BWS Financial, Inc. maintains the $45 price target on NTGR.

Contact

Vahid Khorsand, 818-332-9696

About BWS Financial, Inc. BWS Financial, Inc. (CA & NY Registered# 122074) is an independent stock research firm with a focus on companies that receive little or no coverage, but possess the ability of bringing large gains to shareholders. BWS specializes in technology, but also tries to discover stock ideas that might be somewhat off the wall or under the radar.

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