Netgear Inc Stock Price, News & Analysis

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.

NETGEAR (NASDAQ: NTGR) has unveiled the award-winning Orbi Pro WiFi 6 AX5400 Mesh System (SXK50) and Ultra60 PoE++ Multi-Gigabit Ethernet Plus Switch (MS108EUP), aimed at enhancing networking solutions for small and medium businesses (SMBs) and remote workers. The Orbi Pro SXK50, a 2022 CES Innovation Award Honoree, boasts coverage of up to 5,000 square feet, supporting up to 75 devices with speeds reaching 5.4Gbps. The multi-gig switch facilitates power and connectivity for multiple devices, future-proofing SMB networks. Both products are available for pre-order at competitive prices.

NETGEAR, a global networking company trading under NASDAQ: NTGR, will host a virtual financial analyst day on December 9, 2021, from 11:00 a.m. to 1:00 p.m. ET. The executive team will present the company’s vision, which will be available via webcast on NETGEAR’s IR website. Participants should log in 10 minutes prior to the start. The webcast replay will be accessible after the event. Investors interested in attending can contact NETGEAR Investor Relations via email.

NETGEAR (NASDAQ: NTGR) has launched its first 5G Tri-band WiFi 6 mesh system, the Orbi NBK752, designed for homes and businesses lacking reliable wired broadband. This innovative system combines superfast 5G speeds with WiFi 6 technology, offering coverage up to 5,000 sq. ft. and catering to modern households with multiple devices. Key features include ultra-low latency, dedicated connections for optimal performance, and easy setup via the Orbi App. Available for pre-order at $1,099.99, this system addresses the needs of approximately 42 million Americans without high-speed wired Internet.

NETGEAR reported Q3 2021 net revenue of $290.2 million, a 23.3% decrease year-over-year, with GAAP operating income at $12.9 million. The SMB sector saw a 33% year-over-year growth despite supply constraints. The company announced a new repurchase authorization of 3 million shares. Q4 revenue guidance is projected between $250 million to $265 million, with concerns over logistics costs and supply chain impacts. The tax rates for Q4 are estimated at 80% GAAP and 26.5% non-GAAP.