There’s No Escaping NETGEAR, Inc.’s (NASDAQ:NTGR) Muted Revenues Despite A 27% Share Price Rise
NETGEAR, Inc. (NASDAQ:NTGR) shareholders have had their patience rewarded with a 27% share price jump in the last month. Looking back a bit further, it’s encouraging to see the stock is up 81% in the last year.
Even after such a large jump in price, NETGEAR may still be sending bullish signals at the moment with its price-to-sales (or “P/S”) ratio of 1.5x, since almost half of all companies in the Communications industry in the United States have P/S ratios greater than 2.2x and even P/S higher than 6x are not unusual. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/S.
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