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Netgear reports Q4 adjusted EPS (3c), consensus (8c)
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Netgear reports Q4 adjusted EPS (3c), consensus (8c)

Reports Q4 revenue $249.1M, consensus $243.52M. Patrick Lo, Chairman and CEO of NETGEAR, commented, "In the fourth quarter, we delivered revenue of $249.1 million, near the high end of our guidance, enabled by our team’s strong execution in securing supply in a challenging environment and continuing strong demand for our SMB products. Our SMB business achieved record revenue for the third quarter in a row, contributing to a record level of annual revenue for that business as well. The nearly 30% year-on-year growth in the quarter was propelled by continued strong momentum in our ProAV managed switches as the transition of Audio Visual from analog to digital IP-based over ethernet connections progresses."

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