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Fly News Breaks for June 19, 2019
NTGR
Jun 19, 2019 | 08:05 EDT
As previously reported, Guggenheim started Netgear with a Buy rating and $40 price target. Analyst Robert Gutman sees the company being well positioned for the second half of 2019 given its recently launched new products and a broader portfolio refresh coming later this year. Longer-term, he thinks that Netgear should benefit from increasing bandwidth consumption in the home given its "long established, dominant share" of the U.S. consumer Wi-Fi market.
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