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Netgear Upshifts

Stock quotes in this article: NTGR , CSCO  

Netgear (NTGR Quote) beat third-quarter targets and raised guidance for the fourth quarter.

The Santa Clara, Calif., WiFi networking equipment maker posted an adjusted profit of $16 million, or 44 cents a share. Those numbers compare with pro forma earnings of $11.9 million, or 35 cents a share, a year ago.

Sales for the third quarter were $191.7 million, a 26% increase from the year-ago quarter. Analysts had been expecting earnings of 41 cents on revenue of $181 million, according to Yahoo! Finance.

Netgear competes with rivals like Cisco (CSCO Quote) in sales of wireless computer networking equipment for consumers and small businesses. ...

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