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Netgear Inc. (NTGR) : Kumo support and Cisco’s problems

Netgear fell about 9% during the first half of the day due to Cisco’s revenue call that their home networking unit (Linksys) was down 8% for period ending May 1.

My bet is Netgear (NTGR) will not suffer from this revenue drop and could even be eating into Cisco’s share.

From the Ichimoku chart, it is supported right at the kumo level during the first half and started to move up during the second-half of the day.

Note:

Barrons has an update. Atheros (ATHR) has updated and do not see any weakeness in their business moving forward this year.