(NTGR) - Get Report

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

Cisco Systems'

(CSCO) - Get Report

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.