Underappreciated turnaround story Netgear initiated with a Buy at Seaport

Seaport Research initiated coverage of Netgear (NTGR) with a Buy rating and $40 price target Netgear is an underappreciated turnaround story, with a new management team that has a solid plan in place after missing the market for many years, the analyst tells investors in a research note. Signs of progress are already apparent, with growth and margin expansion in the business segment, Seaport adds.