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Netgear (NTGR) this afternoon posted an unexpected Q4 loss, and provided Q1 guidance short of Street expectations.

For the quarter, the networking and storage products company reported revenue of $161.4 million, ahead of the Street at $157.2 million, but in line with guidance of $155 million to $165 million. However, the company also posted a non-GAAP loss for the quarter of 8 cents a share; the Street had been looking for a profit of 7 cents a share. NTGR had been expecting a non-GAAP operating margin of 9.5%-10.5%; the figure actually came in at 5.6%.

I’m sitting in the Consumer Electronics Show presentation for Netgear (NTGR). Vivek Pathela, VP of netgear’s consumer products is taking the stage with his characteristic enthusiasm. He mentions Netgear is introducing 15 new products at the show this week, with a focus on distribution of hi-def content around the home.

Equity analysts at Standard & Poor’s today downgraded ratings on NetGear (NTGR), Adtran (ADTN) and Akamai (AKAM). Here are the details:

Netgear (NTGR) shares, which sold off in the regular session, are down again after hours following a disappointing Q3 earnings report and weak Q4 guidance.

For Q3, NTGR posted revenue of $179.4 million, beating the consensus at $176.9 million. But non GAAP profits of 19 cents a share were well short of the Street at 26 cents.

Also, the company sees Q4 revenue of $155 million to $165 million, below the Street consensus of $186.7 million. NTGR sees non-GAAP operating margin in the quarter of 9.5%-10.5%.