Welcome to our dedicated page for Netgear news (Ticker: NTGR), a resource for investors and traders seeking the latest updates and insights on Netgear stock.
NETGEAR, Inc. (NASDAQ: NTGR) is a U.S.-based manufacturer of intelligent networking technologies for businesses, homes, and service providers, and generates a steady flow of news related to product launches, enterprise initiatives, and financial performance. This news page aggregates coverage of NETGEAR’s announcements so readers can review how the company communicates its strategy and operations over time.
Company press releases highlight developments across enterprise networking, home networking, and mobile connectivity. Recent items include the launch and pre-order availability of the Nighthawk 5G M7 Portable WiFi 7 Hotspot, supported by a NETGEAR mobile app and eSIM marketplace for data plans in more than 140 countries, as well as updates on mobile products designed for travelers and remote workers. NETGEAR also issues news on enterprise-grade security offerings such as the Exium SASE and hybrid firewall platform tailored for small and medium-sized enterprises and managed service providers.
Investors and partners can find announcements about segment performance, investor events, and partner programs. NETGEAR regularly reports quarterly financial results, provides business outlook commentary, and announces investor conference presentations and investor days. The company also publishes updates on initiatives like the NETGEAR Drive Partner Success Program, which is aimed at integrators, MSPs, and value-added resellers serving small and medium enterprises.
By following this news feed, readers can monitor NETGEAR’s communications on new products, security solutions, partner programs, and financial disclosures in one place. The page serves as a convenient reference for anyone tracking NTGR news, from individual investors and analysts to channel partners and technology professionals.
Windward Management has issued a letter to NETGEAR's board, recommending a share repurchase of at least 25%, equating to around $100 million, and the formation of a strategic review committee to consider splitting or selling the NFB segment. Windward highlights NETGEAR's robust cash position, with $289 million in cash and short-term investments against a market capitalization of $370 million. Despite a challenging environment, Windward believes NETGEAR's upcoming WiFi 7 upgrade cycle, normalized inventory levels, and strong market leadership in consumer WiFi (35% share) could significantly enhance shareholder value. They predict a 150% upside for shares over the next 12-18 months.
NETGEAR, Inc. reported Q1 2024 results with net revenue of $164.6 million, above guidance midpoint, but a decrease of 9.0% from the prior year. The company faced challenges due to high inflation and low channel inventories, resulting in an operating loss. Despite the short-term impact on profitability, NETGEAR plans to expedite destocking in Q2 and align revenue with sell-through to ensure long-term growth and profitability. The company aims to emerge stronger in the second half of 2024 by focusing on strategic adjustments and improving channel efficiency.
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