Netgear shares jump on FCC foreign-made router ban

NetGear

24/03/2026 13:25

** Shares of WiFi router and network equipment maker Netgear NTGR.O up 8.5% premarket at $23.93 after U.S. Federal Communications Commission said on Mon it was banning the import of all new foreign-made consumer routers, citing national security concerns

** The regulator's move is the latest crackdown on Chinese-made electronic gear. China is estimated to control at least 60% of the U.S. market for home routers

** FCC's order doesn't impact import or use of existing models, and includes an exemption for routers the Pentagon deems don't pose unacceptable risks

** Through Mon close, San Jose, California-based NTGR's shares lost 10% YTD, underperforming Nasdaq's .IXIC 5.6% decline, and off ~40% from their 52-week intraday high of $36.86 from Oct 9

** Of 4 analysts covering the stock, 3 rate "strong buy" or "buy", 1 "hold"; median PT $36, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))