Netgear’s Stock Plummets 12%: Losses Widen, Orders Vanish – Panic on the Horizon?
Shares of Netgear Inc. plummeted over 12% following a reported wider-than-expected quarterly loss and a missing revenue. The network hardware maker revealed a first-quarter loss of $9.7 million, or 33 cents a share. Analyzing it against the year-ago period’s loss of $57 million, or $1.95 a share, Netgear claims that the situation unfolded due to […]