Netgear Inc Stock Price, News & Analysis

NETGEAR (NASDAQ: NTGR) launches the Orbi Pro WiFi 6 Mini (SXK30) Dual-band Mesh System, designed for small businesses and home offices. This system features aggregate WiFi speeds of up to 1.8Gbps and covers up to 4000 sq. ft., expandable to 10,000 sq. ft. with additional satellites. It supports up to 4 separate SSIDs and VLANs, enhancing network security and organization. The device includes a 1-year subscription to NETGEAR Insight for easy setup and remote management. The pricing starts at $299 for the base unit and $399.99 for a kit with an additional satellite.

NETGEAR (NASDAQ: NTGR) has launched the Insight™ Managed WiFi 6 AX3600 Dual-band Multi-gig Access Point (WAX620), targeting small and medium businesses. This access point offers a performance upgrade with WiFi 6 technology, delivering up to 40% higher communication speeds than WiFi 5. It features robust security including WPA3 encryption and supports multi-gig Power-over-Ethernet. Available now in North America and EMEA, the WAX620's MSRP starts at $229.99. Doug Cheung, senior product line manager, emphasizes its value for SMBs needing enhanced WiFi connectivity.

NETGEAR, Inc. (NASDAQ: NTGR) reported strong financial results for Q1 2021, with net revenue of $317.9 million, up 38.3% year-over-year. GAAP operating income reached $31.3 million (9.9% of revenue), compared to $0.7 million (0.3%) in Q1 2020. Non-GAAP operating income hit a record $42.3 million (13.3%). Net income per diluted share was $0.72, up from a loss of $0.14. The company added 44,000 subscribers to its services, totaling 481,000 subscribers. Future guidance projects revenue between $305 million and $320 million for Q2 2021.

NETGEAR, Inc. (NASDAQ: NTGR) will hold a conference call on April 21, 2021, at 5:00 p.m. ET to discuss its Q1 2021 financial results and Q2 2021 outlook. The Q1 results press release will be released after market close on the same day. Investors can join the call via toll-free number (844) 709-2008, or internationally at (647) 253-8663, using conference ID 2708348. A live webcast will be available on NETGEAR's Investor Relations website. For over 25 years, NETGEAR has provided innovative networking solutions for various consumer and business needs.

NETGEAR (NASDAQ: NTGR) has launched the GS316EP and GS316EPP PoE+ Gigabit Ethernet Plus switches, enhancing Power-over-Ethernet (PoE) capabilities for small businesses and home offices. These switches address the increasing demand for IP devices and support a growing number of network connections due to remote work and online learning. The new products feature larger PoE budgets, enhanced security, and an intuitive browser-based user interface, meeting the needs of a rapidly evolving digital landscape.

NETGEAR® (NASDAQ: NTGR) has launched the Nighthawk Tri-band Mesh WiFi 6 System (MK83), designed for extensive WiFi coverage of up to 6,500 square feet. This system features a quad-core processor, supporting speeds up to 3.6Gbps and backward compatibility with previous WiFi generations. Users can manage devices and internet settings through the Nighthawk App, which also includes NETGEAR Armor for cybersecurity. Priced at $499.99, the new system aims to fulfill the demands of modern households with increasing smart device usage and online activities.

NETGEAR (NASDAQ: NTGR) has unveiled its new series of IP switches, the AV Line, designed specifically for the audio and video over IP (AV-over-IP) market. These switches, including the M4250 series, aim to simplify deployment for Pro AV installers with user-friendly features like IGMP Plus™ functionality and new Auto-LAG capabilities. The M4250 switches come with customizable AV interfaces and options for integration with traditional AV equipment, available in the US, Europe, and APAC starting late-February 2021.

NETGEAR (NASDAQ: NTGR) announces its participation at the Raymond James 42nd Annual Virtual Institutional Investors Conference on March 2, 2021, at 3:50 pm ET. The presentation will be accessible via webcast on NETGEAR’s investor relations website. With over 25 years in the industry, NETGEAR is a leader in innovative networking solutions for consumers and businesses, providing products for remote work, streaming, and online gaming. For more information, visit NETGEAR Investor Page.

NETGEAR, Inc. (NASDAQ: NTGR) reported a strong performance for Q4 and fiscal year 2020. Q4 net revenue surged by 45.1% to $367.1 million. GAAP operating income reached $33.8 million, contrasting with a loss during the same period last year. Fiscal 2020 net revenue totaled $1.26 billion, a 25.7% increase year-over-year. The company also reported a GAAP net income per share of $0.99 for Q4. Looking ahead, Q1 revenue is forecasted between $300 million and $315 million, amid supply chain constraints due to COVID-19.