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NETGEAR Inc
Company Overview: NETGEAR, Inc. (NASDAQ: NTGR) is engaged in providing networking technologies and Internet-connected products for consumers, businesses, and service providers. The Company operates in two segments: Connected Home and Small and Medium Business (SMB).
As per our previous US American Tech report published on ‘NTGR’ on 13th June 2023, Kalkine provided a ‘Buy’ stance on the stock at USD 13.90 based on “expected valuation upside, debt-free status, higher short-term liquidity, improved free cash flow generation, given outlook, and current trading levels” and the stock price has now moved by ~9.57% since then and the price has crossed resistance 1 and closing on resistance 2.
Noted below are the details of support and resistance levels provided in our previous report:
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