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.
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NETGEAR, Inc. (NASDAQ: NTGR) reported Q1 2023 results, highlighting a net revenue of $180.9 million, down 14.1% year-over-year. Despite this decline, GAAP operating loss improved to $12.0 million from $58.5 million in Q1 2022. The company achieved a non-GAAP gross margin of 33.6%, reflecting a 540 basis point year-over-year increase. Paid subscribers rose to 772,000, marking a 23.1% growth. CEO Patrick Lo noted the impact of inventory reductions by key partners but emphasized the resilience in premium product sales. The outlook predicts Q2 revenues between $150 million and $165 million, with anticipated operating margins of (13.4)% to (10.4)%.
NETGEAR, Inc. (NASDAQ: NTGR) will hold a conference call on April 26, 2023, at 5:00 p.m. ET to discuss its first quarter 2023 results and provide a second quarter 2023 business outlook. The news release with detailed financial results will be published after market close on the same day. Investors can join the call via a toll-free number (888) 660-6468 or internationally at (929) 201-5709, using conference ID 1030183. A webcast will also be available on the Investor Relations website. NETGEAR has been a leader in networking technologies for over 25 years, providing innovative solutions to connect homes and businesses globally.
Shapeways Holdings, Inc. (NYSE: SHPW) has appointed Christine Gorjanc to its Board of Directors, effective April 3, 2023. Gorjanc, a former Chief Financial Officer of NETGEAR, brings extensive financial expertise and experience in scaling technology companies. CEO Greg Kress expressed enthusiasm for Gorjanc's contributions in advancing Shapeways' growth initiatives within the digital manufacturing sector. Gorjanc will also serve on the Board's Audit Committee, where her qualifications as an Audit Committee Financial Expert will be utilized. Shapeways specializes in digital manufacturing, providing various solutions and enabling broad market adoption of additive manufacturing.
NETGEAR has launched the Nighthawk RS700 Router, the industry's first WiFi 7 router, boasting speeds up to 19Gbps. Designed for hyper-connected homes, it supports up to 200 devices and features a 10Gb internet port. The RS700 router is engineered for enhanced performance in high-demand applications like 4K streaming and online gaming, aided by cutting-edge antenna technology and built-in security features via NETGEAR Armor. Priced at $699.99, it will first be available on NETGEAR.com in Q2 2023.
NETGEAR (NASDAQ: NTGR) reported financial results for Q4 and fiscal 2022, revealing a net revenue of $249.1 million for Q4, a decrease of 0.8% year-over-year. For fiscal 2022, net revenue fell to $932.5 million, down 20.2%. The company posted a GAAP operating loss of $12.2 million in Q4 and $82.9 million for the year, marking significant declines from the previous year. Despite challenges, NETGEAR's SMB business saw record quarterly and annual growth, with a 29.9% rise in Q4 revenue. They gained 81,000 paid subscribers, totaling 747,000, with expectations to reach 875,000 by year-end 2023.
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