Netgear initiated with "hold" - update

10/13/06 - Deutsche Securities

NEW YORK, October 13 (newratings.com) - Analysts at Deutsche Bank Securities initiate coverage of Netgear Inc (NTGR) with a "hold" rating. The target price is set to $22.

In a research note published yesterday, the analysts mention that the increasing adoption of the 802.11n next-generation Wi-Fi is poised to boost the growth of home networking, which is likely to benefit the company going forward. With the adoption of the 802.11n next-generation Wi-Fi in the early stages, Netgear is expected to remain exposed to competitive pressures in the near term, the analysts say.