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, Inc. (NASDAQ: NTGR) is a leading global provider of innovative networking products that empower homes and businesses. Headquartered in San Jose, California, NETGEAR focuses on delivering superior performance, easy-to-use, and smart networking solutions. The company's core segments include Connected Home and Small and Medium Businesses (SMB).
For the Connected Home, NETGEAR offers advanced wireless internet connectivity, superior streaming, remote home video monitoring, and storage solutions. Products like the Orbi Voice smart speakers and Meural digital canvas are designed to enhance the digital lifestyle, providing high-performance, reliable, and user-friendly network solutions.
In the SMB segment, NETGEAR specializes in networking solutions tailored for small to mid-sized businesses. Their offerings include wireless LAN, Pro AV applications for audio and video over Ethernet, security solutions, and remote management tools. These solutions ensure businesses can share access and ideas safely, connect remote locations securely, and grow with confidence.
Recent achievements highlight NETGEAR's commitment to innovation, including the launch of new Wi-Fi 6 routers and 5G mobile hotspots, expanding the capabilities of their networking technology. Partnerships with leading tech companies further enhance their product offerings and market reach.
Financially, NETGEAR continues to perform well, with a strong presence in the networking market and a commitment to advancing technology. The company's focus on research and development ensures they stay ahead in a rapidly evolving industry.
NETGEAR’s mission is to make your online experience seamless, whether at home or in a business setting. With a dedication to quality and customer satisfaction, NETGEAR remains a significant player in the networking solutions market, poised for continued growth and innovation.
NETGEAR, Inc. (NASDAQ: NTGR) has unveiled the Nighthawk RAXE500, the world’s first all-purpose WiFi 6E router, during CES 2021. This innovative router boasts speeds of up to 10.8Gbps and utilizes the newly available 6GHz band, enhancing connectivity by significantly reducing congestion. Recognized as a CES 2021 Innovations Award Honoree, the RAXE500 is aimed at meeting the demands of modern home networks, supporting activities such as video conferencing and 4K streaming. The router is expected to retail for $599.99 and will be available in Q1 2021.
NETGEAR (NASDAQ: NTGR) has launched two new mobile products: the Nighthawk® 4G LTE WiFi 6 Router (LAX20) and the NETGEAR® 4G LTE Modem (LM1200). These products aim to enhance connectivity for homes and businesses lacking traditional broadband. The Nighthawk LAX20 offers WiFi 6 technology, reaching speeds of 1.8Gbps, with a 4G LTE modem for reliable internet access. The LM1200 modem provides affordable internet via 4G LTE. Both products are certified for major carriers like AT&T and T-Mobile, enhancing accessibility for users worldwide.
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.
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