Netgear Provides Q4 Revenue Guidance Between $160M and $175M
Netgear (NTGR) has issued its financial outlook for the fourth quarter, projecting revenue in the range of $160 million to $175 million. The company also expects a non-GAAP operating margin between 0% and 3% for the upcoming period. CEO Charles Prober noted that the third quarter served as a transitional phase as the company shifts toward a software-differentiated, enterprise-led business model. However, management acknowledged that recent results were impacted by ongoing execution challenges within the organization.
Tickers: $NTGR
Topics: business transformation operational challenges quarterly earnings