NETGEAR, Inc. - NTGR STOCK NEWS

NETGEAR (NASDAQ: NTGR) announced the launch of Insight version 6.0, enhancing remote cloud management for small to medium-sized businesses (SMBs). This version offers improved network visibility through intuitive topology maps and troubleshooting tools. The new Insight Topology function allows users to manage complex networks effectively. Key features include support for high-density WiFi deployments, load balancing, and client isolation. These advancements aim to optimize network performance and uptime for businesses adapting to a digital-first environment.

NETGEAR (NASDAQ: NTGR) announced the launch of two new WiFi 6 Access Points, WAX214 and WAX218, designed for small businesses and remote workers. These devices address common wireless networking challenges, offering better coverage, enhanced security, and higher performance.

Key features include up to 3.6Gbps speed, support for multiple SSIDs, and WPA3 encryption. Available in the USA and Europe, the WAX214 is priced at $119.99 and the WAX218 at $224.99, enabling cost-effective deployment for reliable networks.

NETGEAR (NASDAQ:NTGR) has launched two new multi-gig switches, the MS510TXM and MS510TXUP, designed to support up to 10G speeds and offering optional cloud management. The MS510TXUP model provides Ultra60 PoE++ capabilities, delivering up to 60 Watts of power per port, enhancing connection flexibility for devices like WiFi access points and IP cameras. Both switches come with user-friendly configuration options and Insight Cloud management for easy remote control. They are now available for purchase, priced at $459.99 and $559.99, respectively.

NETGEAR has launched four new Plus switches with PoE+ and gigabit Ethernet, enhancing network management for small and home-based businesses. The models GS305EP, GS305EPP, GS308EP, and GS308EPP support power over Ethernet for devices like VoIP phones and security cameras. They feature advanced management capabilities, including VLANs and QoS, to optimize network performance. Prices range from $79.99 to $124.99. With silent operation and intuitive user interface, these switches are designed to meet the growing need for reliable and efficient network solutions.

NETGEAR, Inc. (NASDAQ: NTGR) will host a virtual financial analyst day on December 10, 2020, at 11:00 a.m. ET. The executive team will present their vision for the company during this event. The presentation will be available via webcast on NETGEAR’s investor relations website, starting 10 minutes prior to the event. A replay will be accessible shortly after the conclusion of the event. Interested parties can contact NETGEAR Investor Relations at investors@netgear.com.

SAN JOSE, Calif. – NETGEAR (NASDAQ: NTGR) announced the launch of the WAX204 WiFi 6 Access Point, expanding its portfolio of WiFi 6-enabled products. Tailored for small businesses, the WAX204 addresses connectivity issues with cost-effective solutions and does not require complex installations. It offers high-speed performance at up to 1.8Gbps, supports up to 3 separate networks, and features robust security options like WPA3 authentication. Available now at an MSRP of $129.99 in the US, it aims to enhance wireless networking for home offices and small retail locations.

NETGEAR reported robust financial results for Q3 2020, with net revenue reaching $378.1 million, a 42.2% increase year-over-year. GAAP operating income stood at $32.2 million, or 8.5% of net revenue, compared to 4.5% the previous year. Non-GAAP earnings per diluted share were $1.13, up from $0.65. The company added 76,000 subscribers, exceeding its annual goal. Despite strong demand, they are cautious due to potential supply chain disruptions amid ongoing COVID-19 challenges, continuing to suspend Q4 guidance.

NETGEAR (NASDAQ: NTGR) announces the appointment of Sarah Butterfass to its board of directors. Butterfass has held significant roles at leading brands like Groupon and Orbitz, enhancing customer experience and product development. As NETGEAR aims to strengthen its value-added services, her experience in leading product organizations is seen as a strategic advantage. Butterfass's prior roles include serving as Chief Product Officer at FanDuel and Groupon, and her educational background includes an MBA from the Kellogg School of Management.