Netgear Inc Stock Price, News & Analysis

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.

NETGEAR (NASDAQ: NTGR) will hold a conference call on February 2, 2022, at 5:00 PM ET to discuss its Q4 2021 and full-year results, as well as the Q1 2022 outlook. The results will be announced after market close on the same day. Investors can join the call at (888) 660-6468 for U.S. participants or (929) 201-5709 for international. A live webcast will be available on NETGEAR's Investor Relations website. NETGEAR specializes in innovative networking solutions, enhancing connectivity for consumers and businesses worldwide.

NETGEAR (NASDAQ: NTGR) has launched the Nighthawk RAXE300 Tri-band WiFi 6E Router, enhancing its award-winning WiFi 6E lineup. This router achieves speeds up to 7.8Gbps utilizing the newly available 6GHz band, catering to the increasing demand for high-speed internet in homes. With features like eight WiFi streams and a 2.5 Gigabit Ethernet port, it is designed for homes up to 2,500 square feet. Priced at $399.99, the router is expected to be available in Q1 2022, further strengthening NETGEAR's market position.

NETGEAR, Inc. (NASDAQ: NTGR) has launched the NETGEAR Game Booster, a service aimed at enhancing gaming performance for Orbi customers. This new tool utilizes features like Ping Heatmap and Geo-Filter to reduce lag and optimize network performance. The service, priced at $49.99 per year after a 30-day free trial, is designed to meet the needs of approximately 60% of surveyed Orbi households that have gamers. This launch is part of NETGEAR's efforts to expand its service portfolio and provide more value to customers.