Netgear's revenue slip has fallout for chip suppliers - KeyBanc
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Netgear (NASDAQ:NTGR) shares slipped almost 2% Tuesday after the company posted preliminary first-quarter revenue that fell below its own guidance as well as that of Wall Street analysts.
The company reports full earnings on April 27. But, late Monday, Netgear (NTGR) said its net revenue will be between $202 million and $212 million, below its forecast for $225 million to $240 million. Analysts had previously forecast Netgear (NTGR) to report first-quarter sales of $233.4 million.

KeyBanc analyst John Vinh said that disappointment is also likely to be negative for the company's suppliers, which provide Wi-Fi and radio frequency chips to Netgear (NTGR) for its equipment.
Vinh sees fallout affecting the likes of Broadcom (AVGO
+1.5%) and Qualcomm (QCOM
+1.2%), as well Qorvo (QRVO
+1.4%) and Skyworks Solutions (SWKS
+1.3%).
Other companies may see downside because of what Vinh called "meaningful exposure" to consumer Internet-of-Things products, particularly Silicon Laboratories (SLAB
+0.9%) and Synaptics (SYNA
+1.7%).
On Monday, Mizuho cut price targets on a number of semiconductor names, and Qualcomm, Skyworks and Qorvo stocks dipped accordingly.