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 (NTGR) delivers innovative networking solutions for connected homes and business environments. This hub provides investors and technology stakeholders with essential updates on corporate developments, product innovations, and strategic initiatives.
Access official press releases and curated news covering earnings announcements, technology partnerships, and product launches. Track developments in Wi-Fi infrastructure, 5G mobile solutions, and business networking systems through verified sources.
Our repository maintains current information on Netgear's market position, including advancements in smart home ecosystems and enterprise-grade security solutions. Discover updates about Pro AV implementations and remote management technologies shaping modern connectivity landscapes.
Bookmark this page for streamlined access to NTGR's financial communications and technology milestones. Return regularly to monitor how Netgear continues advancing network performance for residential and commercial users worldwide.
NETGEAR (Nasdaq: NTGR) has announced equity awards granted on October 15, 2024, to newly-hired employees, including Pramod Badjate, the new President and General Manager of NETGEAR for Business (NFB). These awards, granted under Nasdaq Listing Rule 5635(c)(4), serve as material inducements for their employment.
The inducement awards include:
- 165,000 time-based restricted stock units (RSUs) for Mr. Badjate
- 208,258 time-based RSUs for other newly-hired employees
- 55,000 target performance-based RSUs for Mr. Badjate
Mr. Badjate's RSUs will vest in installments, with one-third vesting on July 31, 2025, and the remainder vesting quarterly. The performance-based RSUs are tied to NETGEAR's total shareholder return compared to the Nasdaq Telecommunications Index from April 27, 2024, to December 31, 2026, with potential vesting on July 31, 2027.
NETGEAR, a global leader in intelligent networking solutions, has announced a conference call with investors and analysts scheduled for Wednesday, October 30 at 5:00 p.m. ET (2:00 p.m. PT) to discuss the company's third quarter 2024 results and fourth quarter 2024 business outlook. The news release detailing the Q3 2024 results will be disseminated on October 30, 2024, after market close.
Investors can join the call using the toll-free number (888) 660-6392 for US participants or (929) 203-0899 for international callers. The conference ID is 1030183. A live webcast of the call will be available on NETGEAR's Investor Relations website, with a replay accessible afterwards.
NETGEAR has expanded its Nighthawk WiFi 7 standalone router line with the introduction of three new models: RS600, RS500, and RS200. These routers offer ultra-fast WiFi 7 technology, powerful performance, and secure networking for various budgets. The new models join the existing RS700S and RS300 in the Nighthawk lineup, providing blazing speed, low latency, and high capacity.
Key features of the new routers include:
- WiFi coverage ranging from 2,500 to 3,300 sq. ft.
- Support for 80 to 150 concurrent devices
- Maximum speeds of 6.5 to 18 Gbps
- Tri-band and dual-band options
- Multiple high-speed Ethernet ports
The routers come with the Nighthawk App for easy configuration and management, and include a 30-day trial of NETGEAR Armor™ for enhanced security and NETGEAR Smart Parental Controls™ for family online safety.
NETGEAR has introduced the Nighthawk M7 Pro Mobile Hotspot (MR7400), the world's first WiFi 7 5G mobile hotspot, now available at AT&T. This device offers powerful, high-speed mobile connectivity with 5G speeds up to 6 Gbps and aggregated WiFi speeds up to 5.8 Gbps. Key features include:
- Tri-band WiFi 7 with dual-band concurrent operation
- Support for up to 64 devices
- Built-in firewall for secure connections
- 2.5G internet port for home use
- 2.8-inch touch screen display
- Removable 5040mAh Li-ion battery with up to 10 hours usage
The M7 Pro is priced at $449.99 on ATT.com, with special pricing for AT&T Enterprise Business customers.
NETGEAR (NASDAQ: NTGR) and Samsung Electronics have announced a strategic collaboration to improve WiFi 7 interoperability and roaming. The partnership aims to enhance connectivity between NETGEAR's Business WiFi 7 access points and Samsung's WiFi 7 client chipset solution. This collaboration addresses the challenge of WiFi roaming, particularly in environments with multiple mobile devices moving between access points.
NETGEAR offers WiFi 7 access points as part of its Total Network Solution, including the WBE750 and WBE710 Insight Manageable Tri-band WiFi 7 Access Points. These products provide advanced capabilities such as real-time responsiveness, low latency, and increased capacity. The partnership's initial focus on WiFi roaming is part of a broader effort to create seamless interoperability between NETGEAR networking solutions and Samsung WiFi 7 clients.
NETGEAR has launched the WBE710 Insight Manageable Tri-band WiFi 7 Access Point, expanding its WiFi 7 business solution portfolio. This new access point offers up to 9.4Gbps throughput and is designed to meet the growing demand for multi-gig capabilities in business environments. Key features include:
- Compatibility with previous WiFi generations
- Support for 8 separate wireless networks (SSIDs)
- 2.5Gbps PoE+ Ethernet port
- Multi-Link Operation for simultaneous data transmission on multiple bands
- Seamless roaming and load balancing
- Dedicated wireless backhaul for Instant WiFi Mesh networking
The WBE710 is part of NETGEAR's Total Network Solution and is priced at $349.99. It aims to provide businesses with a powerful, future-ready access point to handle the increasing number of WiFi 7-enabled devices.
NETGEAR (NASDAQ: NTGR) reported Q2 2024 results with net revenue of $143.9 million, above guidance but down 17% year-over-year. The company completed a $30 million channel destocking and achieved its fourth consecutive quarter of free cash flow generation. GAAP operating loss was $46.9 million (32.6% of revenue), while non-GAAP operating loss was $31.1 million (21.6% of revenue). NETGEAR ended the quarter with $294.3 million in cash and investments, up $4.9 million from the previous quarter. The company appointed a new Board member and hired a President for its B2B business unit. NETGEAR's subscription business grew to 958,000 subscribers, with recurring subscriber revenue up 30% year-over-year.
Mynd Immersive and the CTA Foundation have launched the Great American Elderverse™ program, supported by major tech companies and the Steven & Alexandra Cohen Foundation. This initiative aims to provide immersive content and technology to underserved seniors across the United States, enhancing their quality of life through virtual experiences and therapeutics.
The program will initially cover 60 communities in the tri-state area, with plans to expand nationwide throughout 2024 and 2025. Key partners include AT&T (5G service), HTC VIVE (immersive glasses), NETGEAR (WiFi hotspots), and Select Rehabilitation (clinical leadership). The initiative is based on research showing significant benefits of Immersive Therapeutics (ITx) for seniors, including decreased isolation, improved mood, and better relationships with caregivers.
NETGEAR (NASDAQ: NTGR) has announced several new additions to its leadership team, following the appointment of CJ Prober as CEO earlier this year. The new appointments include:
- Laura Orvidas joining the Board of Directors
- Pramod Badjate as President and GM of NETGEAR for Business
- Kirsten Daru as General Counsel and Chief Privacy Officer
- Fiona Spratt as Senior Vice President of People
- Antonio López Reus as Vice President of Strategy and Strategic Partnerships
These new leaders bring extensive experience from companies like Amazon, Cisco, and Electronic Arts. CEO CJ Prober stated that these executives will be instrumental in supporting the transformation of NETGEAR's businesses and driving long-term value creation for shareholders.
NETGEAR (NASDAQ: NTGR), a leading provider of innovative and secure digital connectivity solutions, has announced its upcoming second quarter 2024 results conference call. The call is scheduled for Wednesday, July 31 at 5:00 p.m. ET (2:00 p.m. PT). Investors and analysts can participate in the live audio call using the toll-free number (888) 660-6392 for domestic callers or (929) 203-0899 for international callers, with the conference ID 1030183.
The company will release its Q2 2024 results after market close on July 31, 2024. During the call, NETGEAR will discuss these results and provide an outlook for the third quarter of 2024. A live webcast and replay of the conference call will be available on NETGEAR's Investor Relations website at https://investor.netgear.com.
