Netgear Inc - NTGR STOCK NEWS

NETGEAR reported strong Q1 2025 results with revenue of $162.1 million, showing improved profitability despite a 1.5% year-over-year decline. The company's GAAP gross margin increased significantly to 34.8%, up 550 basis points from the previous year.

Key highlights include the acquisition of VAAG Systems to establish a software development center in Chennai, India, and contribution margin improvements exceeding 400 basis points across all business units. The NETGEAR For Business (NFB) segment showed impressive growth of 15.4% year-over-year, while Mobile and Home Networking segments demonstrated margin improvements despite revenue declines.

Looking ahead to Q2 2025, NETGEAR expects revenue between $155-170 million. The company maintains a strong financial position with $392 million in cash and short-term investments, and implemented restructuring saving over $20 million in annual operating expenses. Notably, the majority of NETGEAR products are currently exempt from recent tariffs, positioning the company favorably in the current trade environment.

NETGEAR (NASDAQ: NTGR) has successfully renewed its Customs-Trade Partnership Against Terrorism (CTPAT) certification from the U.S. Department of Homeland Security's Customs and Border Protection. This marks over 18 years of continuous certification, granted to less than 5% of importers.

The revalidation process involved a comprehensive inspection of NETGEAR's supply chain network and security protocols. As a CTPAT member, NETGEAR is considered a low-risk importer, resulting in fewer examinations and delays at U.S. ports of entry, enabling more efficient operations and timely product delivery.

Senior Vice President of Operations Ray Ernenwein emphasized that this achievement demonstrates NETGEAR's strong security foundation and commitment to maintaining secure processes while ensuring smooth product flow.

NETGEAR (NASDAQ: NTGR) has announced its upcoming First Quarter 2025 earnings conference call, scheduled for Wednesday, April 30, 2025, at 5:00 p.m. ET (2:00 p.m. PT). The company, which specializes in intelligent networking solutions, will release its Q1 2025 financial results after market close on the same day.

Investors and analysts can participate through:

• Toll-free number (US): (888) 660-6392
• International dial-in: (929) 203-0899
• Conference ID: 1030183

The call will include discussions on Q1 2025 results and Q2 2025 business outlook. A live webcast and replay will be available on NETGEAR's Investor Relations website at https://investor.netgear.com.

NETGEAR (NASDAQ: NTGR) has announced its membership in the DPP, a leading international media and technology association. This strategic move reinforces NETGEAR's position in broadcast and networking technology, particularly in advancing AV over IP solutions.

The company highlights its NETGEAR AV OS™ with certified profiles for broadcast and pro AV protocols, complemented by free direct access to engineering support. NETGEAR's ST2110-capable switches demonstrate their commitment to evolving industry standards.

With a network of nearly 400 certified AV manufacturers, NETGEAR will join DPP's community of over 500 digital production ecosystem leaders. This collaboration aims to develop next-generation broadcast and digital production networks, particularly as traditional enterprise switch manufacturers shift focus to emerging IT trends like AI.

NETGEAR (NTGR) reported Q4 2024 financial results with net revenue of $182.4 million, down 3.3% year-over-year, and operating margin above guidance. The company achieved $35 million in annual recurring revenue, growing 25% year-over-year, and generated $19.0 million in free cash flow, marking the sixth consecutive quarter of cash generation.

For full-year 2024, net revenue was $673.8 million, down 9.1% from prior year. The company ended the year with $408.7 million in cash, up $125.0 million from prior year, and repurchased over $33 million of stock. NETGEAR implemented Q1 2025 restructuring to save over $20 million in annual operating expenses, which will be reinvested in growth opportunities.

NETGEAR (NASDAQ: NTGR) has announced its upcoming fourth quarter and full year 2024 financial results conference call, scheduled for Wednesday, February 5, 2025, at 5:00 p.m. ET (2:00 p.m. PT). The company will release its earnings report after market close on the same day.

The conference call will be accessible to investors and analysts through a toll-free number (888) 660-6392 for domestic calls and (929) 203-0899 for international participants, using conference ID 1030183. Additionally, a live webcast will be available on NETGEAR's Investor Relations website, with a replay accessible afterward at https://investor.netgear.com.

NETGEAR (NASDAQ: NTGR) has announced the next generation of NETGEAR Armor, a comprehensive cybersecurity service powered by Bitdefender. The enhanced service, available on Orbi mesh systems and Nighthawk routers, offers protection for IoT and mobile devices both on home networks and on the go.

According to the 2024 IoT Security Landscape Report, home network devices face an average of 10 attacks every 24 hours. The service includes automatic device scanning, vulnerability detection, and threat monitoring. A new tier, Armor Plus, has been introduced at $149.99 per year, offering unlimited VPN for up to 50 devices, along with Adblocking and Anti-tracking features.

The standard Armor subscription remains at $99.99 annually and now includes extended warranty and 24/7 priority tech support. The service has been recognized by AV Comparatives as a leader in router security, particularly for protection against denial of service and brute force attacks.

NETGEAR has announced the launch of the Orbi 870 Series Mesh System, the latest addition to its WiFi 7 home networking portfolio. The Orbi 870 is designed to deliver high-performance mesh networking, ensuring exceptional speeds, reduced latency, and ample capacity for up to 150 connected devices. It supports activities such as streaming ultra-high-definition content, remote work, and online gaming.

The Orbi 870 joins the existing Orbi 770 and Orbi 970 series, offering users options based on their specific needs. The Orbi 870 features WiFi 7 Tri-Band technology with combined speeds of up to 21 Gbps, coverage up to 9,000 sq. ft., and multiple multi-gig Ethernet ports. It also includes NETGEAR's Advanced Router Protection for enhanced security.

The Orbi 870 series is available in black or white and can be purchased on NETGEAR.com and other major retailers. Pricing starts at $999.99 for a 2-pack (Router and 1 Satellite) and $1299.99 for a 3-pack (Router and 2 Satellites).

NETGEAR (NASDAQ: NTGR) has announced its participation in the upcoming Raymond James 2024 TMT and Consumer Conference. CEO CJ Prober and CFO Bryan Murray will present at the event, scheduled for Tuesday, December 10, 2024, at 3:00 p.m. ET. The presentation will take place at The Lotte New York Palace in New York.

The event will be accessible via webcast through NETGEAR's IR website, with a replay available shortly after the presentation concludes.