Netgear Inc Stock Price, News & Analysis

NETGEAR (NASDAQ: NTGR) reported Q2 2022 results with a net revenue of $223.2 million, down 27.7% year over year. The company faced a GAAP operating loss of $10.1 million compared to a profit of $21.5 million in the prior year. Despite these challenges, the SMB business achieved record revenue and the company noted double-digit growth in several product categories. Looking ahead, NETGEAR projects Q3 revenue between $240 million and $255 million, driven by strong demand and improving supply chain conditions, although uncertainties remain.

NETGEAR (NASDAQ: NTGR) has scheduled a conference call for investors on July 27, 2022, at 5:00 p.m. ET to discuss its Q2 2022 results and Q3 2022 outlook. The announcement of Q2 results will be made on the same day after market close. Interested parties can join the call by dialing (888) 660-6468 for domestic calls or (929) 201-5709 for international calls, with the conference ID of 1030183. A live webcast will be available on the NETGEAR Investor Relations website.

NETGEAR reported a net revenue of $210.6 million for Q1 2022, a decrease of 33.8% year-over-year. The company faced a GAAP operating loss of $58.5 million, significantly impacted by non-cash impairment charges. Non-GAAP operating loss was $9.3 million. Despite these challenges, NETGEAR achieved a 30.4% growth in paid subscribers, totaling 627,000. The CEO acknowledged ongoing supply chain issues due to COVID-19 but remains optimistic about their premium product offerings and revenue guidance for Q2, expecting revenue between $205 million and $220 million.

NETGEAR introduces new AV-over-IP products at the NAB trade show, enhancing its product line with the NETGEAR Engage™ Controller application and compact M4250 desktop models. These innovations simplify AV installations with an intuitive user interface, enabling efficient switch configurations for various applications, including corporate and educational settings. NETGEAR also celebrates over 150 Pro AV Technology Partners, validating its strong industry presence. The Engage Controller will be available for free download in Q3, alongside the new desktop models.

NETGEAR (NASDAQ: NTGR) has introduced the WAX615, a WiFi 6 AX3000 Dual-band Multi-Gig PoE Access Point, designed for small and medium-sized businesses. This innovative access point offers dual-band, high-speed performance with a maximum throughput of 3Gbps and advanced features like seamless roaming and load balancing. It is backward compatible with previous access points and includes a one-year free Insight subscription for management. Pricing starts at $189.99, making it a competitive solution for enhanced connectivity and security.

NETGEAR, Inc. (NASDAQ: NTGR) announced preliminary financial results for Q1 2022, expecting net revenue between $202 million and $212 million, a decline from prior guidance of $225 million to $240 million. The U.S. consumer WiFi market remained flat compared to 2019 levels, impacting revenue from their CHP business. Operating margins are expected to be significantly lower, with GAAP margins of (7.7)% to (6.7)% compared to earlier guidance of (1.5)% to (0.5)%. Full results will be announced on April 27, 2022.

Mobile Video Devices Inc. (MVD) has partnered with NETGEAR (NASDAQ: NTGR) to distribute its AV Line of managed network switches, including the M4250 series, across the United States. This collaboration aims to enhance AV over IP solutions for Pro AV integrators and resellers. NETGEAR's M4250 switches are optimized for audio, video, and control signals, featuring a user-friendly interface that simplifies network configuration. MVD, with over 15 years of experience, will also bundle NETGEAR switches with Magewell products for comprehensive AV solutions.

NETGEAR (NASDAQ: NTGR) has launched the WAX630E, the first tri-band business-grade WiFi 6E access point designed for small and medium businesses (SMBs). This innovative product features a maximum throughput of 7.8Gbps, significantly enhancing WiFi network performance. The WAX630E includes advanced security measures like WPA3 and multiple VLANs, ensuring robust data protection. Available in two models priced at $349.99 and $369.99, the WAX630E also supports centralized cloud management via NETGEAR Insight, streamlining network control for businesses.

NETGEAR, Inc. (NASDAQ: NTGR) reported a fourth quarter net revenue of $251.2 million, down 31.6% year-over-year. The company achieved 584,000 paid subscribers, marking a 33.6% year-over-year growth. SMB revenue grew 8.6% in Q4 and 27% for the year despite supply chain challenges. GAAP net loss per diluted share was $0.03, compared to net income of $0.99 in the prior year. Looking ahead, Q1 2022 revenue is projected between $225 million and $240 million, with ongoing supply restrictions and increased costs impacting margins.