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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.
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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, 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, 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, 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, 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, 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, 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, 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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NETGEAR, Inc. has launched the NETGEAR MS108TUP 8-Port Multi-Gigabit Ethernet Ultra60 PoE++ Smart Switch, designed for small and mid-sized businesses needing reliable, seamless connectivity. The switch is part of the NETGEAR Total Network Solution, combining the PR60X Pro Router, Pro WiFi Access Points, and Insight cloud management platform.
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NETGEAR has announced the launch of Meural Opus, a next-generation NFT viewing experience for collectors. The platform allows collectors to securely connect to their crypto wallets, authenticate their artworks, and display them on a 27” display. The Meural Opus app also enables collectors to scale, size, and edit NFTs to their liking. NETGEAR has partnered with NFT artist Eric Corriel for an exclusive NFT drop, and the first 20 customers who purchase Meural Opus will receive an exclusive NFT from his collection. Meural Opus will be available for $799.99 next month.
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Netgear Inc
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