Netgear Inc Stock Price, News & Analysis

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.

NETGEAR (NASDAQ: NTGR) has scheduled a conference call on October 27, 2021, at 5:00 p.m. ET to discuss its third quarter 2021 results and fourth quarter 2021 outlook. The earnings release will be announced after market close on the same day. Investors can join the call via toll-free number (888) 660-6468 or an international line at (929) 201-5709 using conference ID 1030183. A live webcast will be accessible on NETGEAR's Investor Relations website.

NETGEAR (NASDAQ: NTGR) has launched Insight Business VPN, an add-on for its Orbi Pro series of routers. This service enables small and medium-sized businesses (SMBs) to securely connect their branch and home offices to corporate networks via an encrypted VPN. The system is designed for easy setup, requiring minimal input from remote employees, while allowing IT managers to maintain centralized control. Pricing starts at $160 per year for 5 devices. The service aims to address remote work challenges, ensuring reliable access to corporate applications and improving employee productivity.

NETGEAR has launched the Orbi Quad-band Mesh WiFi 6E System, enhancing home networking with a new 6GHz WiFi band for faster speeds and reduced interference. The system, featuring multi-Gigabit support and up to 10 Gbps Ethernet ports, caters to the increasing demand for high-performance home WiFi due to rising internet speeds and more connected devices. The RBKE960 Series offers significant improvements over prior models, with 16 WiFi streams for extensive coverage and speed. Available for preorder at $1,499.99, it positions NETGEAR as a leader in WiFi innovation.