Netgear Inc Stock Price, News & Analysis

NETGEAR (NASDAQ: NTGR) has appointed Jonathan Oakes as Senior Vice President and General Manager of Home Networking. Oakes, who brings over 20 years of experience in consumer product innovation, will oversee NETGEAR's home networking business, including hardware, software, and subscription services.

Previously holding product leadership roles at Google's Wearables and Health group, Fitbit, Amazon's Kindle division, and Hewlett-Packard, Oakes will implement four key pillars: customer experience focus, delivering high-performing products, security-first design, and industry partnership development. CEO CJ Prober emphasized Oakes' proven track record in driving innovation and leading high-performing teams as crucial for NETGEAR's future in connectivity solutions.

NETGEAR announced inducement equity awards for new employees, particularly those joining through the VAAG Systems acquisition. The awards include time-based RSUs of 75,470 shares for NFB employees and 62,500 shares for Jonathan Oakes, the new SVP of Home Networking. Oakes also received performance-based RSUs targeting 62,500 shares tied to NETGEAR's total shareholder return compared to the Nasdaq Telecommunications Index from April 2025 to December 2027. The time-based RSUs vest over 3 years with 1/3 vesting after one year and 1/12 quarterly thereafter. The performance RSUs vest after 3 years based on TSR performance, subject to continued employment.

NETGEAR (NASDAQ: NTGR) has announced its acquisition of cybersecurity company Exium to enhance its enterprise networking solutions. The acquisition aims to integrate Secure Access Service Edge (SASE) capabilities into NETGEAR's portfolio, creating the first fully integrated network and security solution specifically designed for MSPs and SMEs. The SASE market is projected to grow at 29% CAGR, reaching $25 billion by 2027. The integration will combine Exium's security expertise with NETGEAR's Insight cloud management platform, offering a comprehensive solution that includes wired and wireless networking, firewall, and integrated security features. Exium CEO Farooq Khan will join NETGEAR's Business leadership team. The transaction is expected to close by the end of Q2 2025.

NETGEAR has announced a strategic transformation of its business networking division, focusing on delivering enterprise-grade solutions for small and medium enterprises. Under new leadership of President and GM Pramod Badjate, the company reported 15% revenue growth last quarter and projects double-digit growth for 2025.

Key developments include the acquisition of VAAG Systems in Chennai, India, establishing a new Software Development Center focused on AI-driven networking solutions. The company is prioritizing simplicity and reliability while expanding its AV-over-IP technology division, which has built partnerships with over 400 industry partners.

CEO CJ Prober emphasizes NETGEAR's evolution from traditional networking to driving innovation and experiences. The company plans increased R&D investment over the next three years, targeting businesses seeking alternatives to complex, overpriced systems or fragmented solutions lacking proper support.

NETGEAR reported strong Q1 2025 results with revenue of $162.1 million, showing improved profitability despite a 1.5% year-over-year decline. The company's GAAP gross margin increased significantly to 34.8%, up 550 basis points from the previous year.

Key highlights include the acquisition of VAAG Systems to establish a software development center in Chennai, India, and contribution margin improvements exceeding 400 basis points across all business units. The NETGEAR For Business (NFB) segment showed impressive growth of 15.4% year-over-year, while Mobile and Home Networking segments demonstrated margin improvements despite revenue declines.

Looking ahead to Q2 2025, NETGEAR expects revenue between $155-170 million. The company maintains a strong financial position with $392 million in cash and short-term investments, and implemented restructuring saving over $20 million in annual operating expenses. Notably, the majority of NETGEAR products are currently exempt from recent tariffs, positioning the company favorably in the current trade environment.

NETGEAR (NASDAQ: NTGR) has successfully renewed its Customs-Trade Partnership Against Terrorism (CTPAT) certification from the U.S. Department of Homeland Security's Customs and Border Protection. This marks over 18 years of continuous certification, granted to less than 5% of importers.

The revalidation process involved a comprehensive inspection of NETGEAR's supply chain network and security protocols. As a CTPAT member, NETGEAR is considered a low-risk importer, resulting in fewer examinations and delays at U.S. ports of entry, enabling more efficient operations and timely product delivery.

Senior Vice President of Operations Ray Ernenwein emphasized that this achievement demonstrates NETGEAR's strong security foundation and commitment to maintaining secure processes while ensuring smooth product flow.

NETGEAR (NASDAQ: NTGR) has announced its upcoming First Quarter 2025 earnings conference call, scheduled for Wednesday, April 30, 2025, at 5:00 p.m. ET (2:00 p.m. PT). The company, which specializes in intelligent networking solutions, will release its Q1 2025 financial results after market close on the same day.

Investors and analysts can participate through:

• Toll-free number (US): (888) 660-6392
• International dial-in: (929) 203-0899
• Conference ID: 1030183

The call will include discussions on Q1 2025 results and Q2 2025 business outlook. A live webcast and replay will be available on NETGEAR's Investor Relations website at https://investor.netgear.com.

NETGEAR (NASDAQ: NTGR) has announced its membership in the DPP, a leading international media and technology association. This strategic move reinforces NETGEAR's position in broadcast and networking technology, particularly in advancing AV over IP solutions.

The company highlights its NETGEAR AV OS™ with certified profiles for broadcast and pro AV protocols, complemented by free direct access to engineering support. NETGEAR's ST2110-capable switches demonstrate their commitment to evolving industry standards.

With a network of nearly 400 certified AV manufacturers, NETGEAR will join DPP's community of over 500 digital production ecosystem leaders. This collaboration aims to develop next-generation broadcast and digital production networks, particularly as traditional enterprise switch manufacturers shift focus to emerging IT trends like AI.

NETGEAR (NTGR) reported Q4 2024 financial results with net revenue of $182.4 million, down 3.3% year-over-year, and operating margin above guidance. The company achieved $35 million in annual recurring revenue, growing 25% year-over-year, and generated $19.0 million in free cash flow, marking the sixth consecutive quarter of cash generation.

For full-year 2024, net revenue was $673.8 million, down 9.1% from prior year. The company ended the year with $408.7 million in cash, up $125.0 million from prior year, and repurchased over $33 million of stock. NETGEAR implemented Q1 2025 restructuring to save over $20 million in annual operating expenses, which will be reinvested in growth opportunities.