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 reports news on intelligent networking technologies for businesses, homes, and service providers. The company’s updates center on Enterprise and Consumer networking products, including switches, routers, access points, software, AV-over-IP technologies, and mobile connectivity devices such as Nighthawk hotspots.
Recurring developments include quarterly operating results, gross margin and segment revenue trends, share repurchases, subscription and services activity, product introductions, investor conference appearances, equity compensation grants, and regulatory matters affecting consumer router launches and software updates.
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.
NETGEAR, a leader in networking technology, will host a conference call on February 1, 2023, at 5:00 p.m. ET to discuss its fourth quarter and full year 2022 results, along with the first quarter 2023 business outlook. The results will be released after market close on the same day. Investors can participate via a toll-free dial-in number and a live webcast available on NETGEAR's Investor Relations website. The company, headquartered in San Jose, California, has been providing innovative networking solutions for over 25 years, addressing the increasing demand for internet connectivity.
NETGEAR has launched the WAX220 WiFi 6 Access Point, designed for small businesses seeking affordable, efficient WiFi solutions. Priced at $199.99, this dual-band access point provides up to 4.2Gbps total WiFi throughput with a 2.5Gbps PoE port. It offers 100% more throughput compared to earlier WiFi 6 releases and supports four client connections, ensuring minimal congestion. The setup process requires approximately 10 minutes, making it highly accessible. The WAX220 is part of the Business Essentials line, further enhancing NETGEAR's commitment to small business networking needs.
NETGEAR, Inc. (NASDAQ: NTGR) will host a virtual financial analyst day on Thursday, December 1, 2022, from 11:00 a.m. to 1:00 p.m. ET. The executive team will share their vision for the company during this event. Interested parties can access the presentation via webcast on NETGEAR's IR website, with a replay available afterwards. As a leader in innovative networking solutions for over 25 years, NETGEAR provides advanced products for remote work, online gaming, and more.
NETGEAR (NASDAQ: NTGR) reported a 14% decline in net revenue to $249.6 million for Q3 2022, with a GAAP operating loss of $2.2 million. Non-GAAP net income per diluted share dropped to $0.21, down from $0.50 year-over-year. Despite challenges, the SMB business achieved record revenue with 21% year-over-year growth, driven by demand for high-end products like WiFi mesh systems and 5G hotspots. Looking forward, the company anticipates Q4 revenue of between $235 million and $250 million, facing supply constraints and foreign exchange headwinds.
NETGEAR, Inc. (NASDAQ: NTGR) will hold a conference call on October 26, 2022, at 5:00 p.m. ET to discuss its Q3 2022 results and Q4 2022 outlook. The earnings report will be released after the market closes on the same day. Investors can join the call by dialing (888) 660-6468 or via a live webcast on NETGEAR's Investor Relations website. The call will provide insights into NETGEAR's financial performance and future business direction.
NETGEAR has launched the Orbi 860 Series, enhancing its award-winning Orbi 850 Series. Key features include a 10Gb Ethernet port for multi-gig internet, improved antenna for better WiFi performance, and a year of NETGEAR Armor for security against online threats. The Orbi RBK863 model provides up to 8,000 sq. ft. coverage with speeds up to 6Gbps and supports 100 devices simultaneously. This series aims to meet the growing demand for high-performance home WiFi, addressing increased internet usage post-pandemic.