shares rebounded Thursday after the company posted estimate-beating numbers and guided toward slight growth in the current quarter.
The Santa Clara, Calif., home networking-gear maker reported an adjusted income of $8.2 million, or 25 cents a share, on sales of $108.9 million in the quarter ended April 3. Those numbers compare to a 14-cent profit on $88 million revenue in the year-ago story.
Analysts were looking for adjusted income of 22 cents a share on revenue of $105 million, according to Reuters Research.
"We are very pleased with our strong results for the first quarter, which provide significant momentum for the year," CEO Pat Lo said in a press release Thursday.
The company managed to keep gross margins stable at 33%, on par with the prior quarter, while gaining market share globally. NetGear rivals include
Linksys and several closely held tech shops.
Lo said 13 new products, mostly wireless networking gear like WiFi routers, will help the company reach revenue between $108 million and $110 million.
The gearmaker's shares, which sold off 11% in regular trading Thursday, recovered in the after-hours session up $2.25, or 17%, to $15.21.