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Tech

Netgear Inc (NTGR) : Breakout on inline guidance

Netgear just reported the following

–First Quarter 2010 Financial Highlights: – Net revenue of $211.6 million, compared to $152.0 million in the comparable prior year quarter, 39% year-over-year growth – Non-GAAP net income of $17.1 million, compared to net income of $1.4 million in the comparable prior year quarter – Non-GAAP diluted earnings per share of $0.48, compared to diluted earnings per share of $0.04 in the comparable prior year quarter – Company expects second quarter 2010 net revenue to be in the range of $190 million to $200 million, with non-GAAP operating margin in the range of 11% to 12%

Source : MarketWatch

From the Ichimoku chart, we can see how it has breakout a few times and go higher.

Noticed how it hit the kumo and bounces off especially when the kumo support is fairly thick?

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