NETGEAR Shares Down 11% on Lowered Q1 Guidance

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The company’s CHP business performance was negatively impacted by the decline in the U.S. consumer WiFi market in Q1.

While SMB revenue performance met expectations, COVID-induced lockdowns in Shenzhen caused supply severe disruptions in the supply of components to the company’s factories in March, resulting in a meaningful lost opportunity to deliver higher SMB revenue.

By Davit Kirakosyan