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NETGEAR, Inc. - NTGR STOCK NEWS

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.

News

NETGEAR Unveils Next Generation of Connectivity with the Nighthawk DOCSIS 3.1 High-Speed Internet Cable Modem

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NETGEAR, Inc. announces the launch of the Nighthawk CM3000 cable modem, designed with mid/high-split technology to deliver blazing fast internet speeds of up to 2.5Gbps download and 1Gbps upload. The modem addresses the increasing demand for upstream bandwidth with speeds 2.5 times faster than its predecessor, catering to activities like video conferencing, gaming, and smart home surveillance. Compatible with major U.S. cable service providers, the CM3000 is future-proofed for evolving high-split needs. Priced at $299.99, it offers significant cost savings compared to renting modems from ISPs.
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NETGEAR® Announces Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)

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NETGEAR, Inc. announced the grant of inducement equity awards to newly-hired CEO, Charles (CJ) Prober. The awards include time-based and performance-based restricted stock units, totaling 911,640 shares of common stock. These awards are subject to vesting conditions based on Mr. Prober's continued service and company performance.
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NETGEAR and Panasonic Enter Interoperability Partnership for SMPTE ST 2110 Testing and Compatibility

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NETGEAR, Inc. partners with Panasonic Connect for interoperability on the KAIROS IT/IP Platform for live production, enhancing AV-over-IP solutions. The M4350 series switches offer ST 2110 capabilities and a user-friendly AV OS™ for simplified switch configurations.
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NETGEAR® Reports Fourth Quarter and Full Year 2023 Results

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NETGEAR, Inc. reported Q4 net revenue of $188.7 million, at the high end of guidance, with 877,000 paid subscribers and Q4 service revenue growth of 27.7% year over year. Cash and short-term investments increased $55.6 million sequentially. However, net revenue decreased by 24.3% from the prior year, resulting in a GAAP operating loss of $2.9 million. Despite these challenges, the company's CFO highlighted the strong market reception of their leading WiFi 7 products, stabilization of their SMB business, and disciplined expense management. The company also exceeded its paid subscriber target for the year, ending the fourth quarter with 877,000 paid subscribers and service revenue of over $11 million in Q4. NETGEAR expects a seasonal decline in the retail portion of its CHP business and first quarter net revenue to be in the range of $155 million to $170 million.
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NETGEAR Appoints Technology Leader Charles (CJ) Prober as New CEO

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NETGEAR, Inc. announced the retirement of CEO and Chairman Patrick C.S. Lo and the appointment of Charles (CJ) Prober as the new CEO. Lo will remain as a strategic advisor until July 2024. Prober, a senior technology executive, is joining the company's Board of Directors. Prober's extensive experience in driving growth and innovation in consumer electronics and technology brands makes him a suitable leader for NETGEAR's future success.
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NETGEAR® Provides Preliminary Fourth Quarter Financial Results

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NETGEAR, Inc. reported preliminary financial results for Q4 2023, expecting net revenue between $179M and $189M, GAAP operating margin between (3.0)% and (1.5)%, and non-GAAP operating margin between 0% and 1.5%. The company experienced strong demand for its premium CHP product portfolio, particularly the Orbi WiFi 7 launch, but faced challenges in its SMB business due to the uncertain macro environment. The full results will be announced on February 7, 2024.
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NETGEAR Schedules Fourth Quarter and Full Year 2023 Results Conference Call

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NETGEAR, Inc. (NTGR) will hold a conference call to discuss its fourth quarter and full year 2023 results and first quarter 2024 business outlook on February 7, 2024. The company's news release will be disseminated after the market closes, and a live webcast of the call will be available on NETGEAR’s Investor Relations website. Investors and analysts can join the call to gain insights into the company's performance and future prospects.
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NETGEAR Introduces Top-of-the-line Cloud Manageable Smart Switch Series Designed for 10 Gig Connectivity

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NETGEAR, Inc. (NASDAQ: NTGR) launches the cloud-managed NETGEAR S3600 Series Smart Switches, including the 8-Port 10G/Multi-Gigabit (XS508TM) and 16-Port 10G/Multi-Gigabit (XS516TM), addressing connectivity demands for high-bandwidth devices. The S3600 Series provides easy-to-configure setup, advanced smart switch features, remote management through the NETGEAR Insight cloud platform, and a Limited Lifetime warranty with 24/7 technical support.
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NETGEAR to Host 2023 Virtual Financial Analyst Day

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NETGEAR, Inc. (NASDAQ: NTGR) to host virtual financial analyst day on December 7, 2023, to present their vision for the company.
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NETGEAR® to Present at Upcoming Investor Conference

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NETGEAR, Inc. (NASDAQ: NTGR) announced that Patrick Lo, Chairman and CEO, and Bryan Murray, CFO, will present at the Raymond James 2023 TMT and Consumer Conference on December 5, 2023, at The Lotte New York Palace. The presentation will be webcasted on NETGEAR’s IR website.
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FAQ

What is the current stock price of NETGEAR (NTGR)?

The current stock price of NETGEAR (NTGR) is $23.91 as of November 21, 2024.

What is the market cap of NETGEAR (NTGR)?

The market cap of NETGEAR (NTGR) is approximately 687.9M.

What does NETGEAR, Inc. specialize in?

NETGEAR, Inc. specializes in innovative networking products for homes and small to medium-sized businesses.

What are the core segments of NETGEAR?

The core segments of NETGEAR are Connected Home and Small and Medium Businesses (SMB).

What products does NETGEAR offer for homes?

NETGEAR offers advanced wireless internet connectivity, superior streaming, remote home video monitoring, and storage solutions for homes.

What solutions does NETGEAR provide for businesses?

NETGEAR provides networking solutions such as wireless LAN, Pro AV applications, security solutions, and remote management for businesses.

What are some notable products of NETGEAR?

Notable products include Orbi Voice smart speakers and Meural digital canvas, among others.

Where is NETGEAR headquartered?

NETGEAR is headquartered in San Jose, California.

How does NETGEAR ensure product performance?

NETGEAR focuses on research and development to ensure their networking technology remains cutting-edge and reliable.

What recent achievements has NETGEAR accomplished?

Recent achievements include the launch of new Wi-Fi 6 routers and 5G mobile hotspots.

How does NETGEAR support small and medium businesses?

NETGEAR supports SMBs with solutions like secure remote access, wireless LAN, and Pro AV applications.

What is NETGEAR’s mission?

NETGEAR’s mission is to make online experiences seamless for home and business users.

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NETGEAR, Inc.

Nasdaq:NTGR

NTGR Rankings

#2844 Ranked by Market Cap
N/A Ranked by Dividends

NTGR Stock Data

687.89M
26.22M
6.77%
85.16%
2.56%
Communication Equipment
Telephone & Telegraph Apparatus
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United States of America
SAN JOSE