Netgear Inc Stock Price, News & Analysis

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.

NETGEAR has launched the Nighthawk M6, an upgraded 5G mobile hotspot that enhances speed and WiFi performance. The device supports maximum 5G speeds of 2.5Gbps and can achieve combined WiFi speeds of up to 3.6Gbps with WiFi 6 devices. It features an innovative In-Home Performance Mode for extending WiFi coverage up to 2,000 square feet. The M6 is powered by Qualcomm's Snapdragon SDX62 platform, supports up to 32 devices, and offers a 5040mAh battery with a life of up to 13 hours. Available now for $799.99, this device aims to meet the growing demand for reliable mobile connectivity.

NETGEAR, Inc. (NASDAQ: NTGR) launched two new access points, WAX628 and WAX638E, at the CEDIA Expo, specifically for the residential custom integration market. These products, available exclusively through authorized integrators, include four years of NETGEAR Insight and ProSupport services. The dual-band WAX628 offers speeds up to 5.4 Gbps, while the tri-band WAX638E reaches up to 7.8 Gbps. The new access points emphasize robust security, mesh capability, and backward compatibility, aiding integrators in enhancing smart home networks.

NETGEAR has launched the Nighthawk AXE3000 WiFi 6E USB 3.0 Adapter (A8000), the first of its kind, aimed at upgrading PCs to the latest WiFi standards easily. This adapter enhances connectivity by allowing access to the exclusive 6GHz band, providing speeds of up to 1.2Gbps. The product offers a user-friendly plug-and-play experience, supporting all WiFi bands and compatible with any router. With a retail price of $89.99, it’s positioned as a cost-effective solution for gamers and regular users alike, ensuring maximum performance with NETGEAR's premium routers.

NETGEAR (NASDAQ: NTGR) expands its Meural digital canvases by integrating the Phantom wallet for Solana NFTs, allowing collectors to display their NFTs physically. This partnership aims to enhance the user experience by connecting the rapidly growing Solana ecosystem with Meural's art platform, facilitating a seamless display of digital art. Additionally, Meural canvases will be sold at the newly opened Solana Spaces in New York's Hudson Yards, dedicated to educating visitors about Web3 technologies.