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) reported Q1 2023 results, highlighting a net revenue of $180.9 million, down 14.1% year-over-year. Despite this decline, GAAP operating loss improved to $12.0 million from $58.5 million in Q1 2022. The company achieved a non-GAAP gross margin of 33.6%, reflecting a 540 basis point year-over-year increase. Paid subscribers rose to 772,000, marking a 23.1% growth. CEO Patrick Lo noted the impact of inventory reductions by key partners but emphasized the resilience in premium product sales. The outlook predicts Q2 revenues between $150 million and $165 million, with anticipated operating margins of (13.4)% to (10.4)%.
NETGEAR, Inc. (NASDAQ: NTGR) will hold a conference call on April 26, 2023, at 5:00 p.m. ET to discuss its first quarter 2023 results and provide a second quarter 2023 business outlook. The news release with detailed financial results will be published after market close on the same day. Investors can join the call via a toll-free number (888) 660-6468 or internationally at (929) 201-5709, using conference ID 1030183. A webcast will also be available on the Investor Relations website. NETGEAR has been a leader in networking technologies for over 25 years, providing innovative solutions to connect homes and businesses globally.
Shapeways Holdings, Inc. (NYSE: SHPW) has appointed Christine Gorjanc to its Board of Directors, effective April 3, 2023. Gorjanc, a former Chief Financial Officer of NETGEAR, brings extensive financial expertise and experience in scaling technology companies. CEO Greg Kress expressed enthusiasm for Gorjanc's contributions in advancing Shapeways' growth initiatives within the digital manufacturing sector. Gorjanc will also serve on the Board's Audit Committee, where her qualifications as an Audit Committee Financial Expert will be utilized. Shapeways specializes in digital manufacturing, providing various solutions and enabling broad market adoption of additive manufacturing.
NETGEAR has launched the Nighthawk RS700 Router, the industry's first WiFi 7 router, boasting speeds up to 19Gbps. Designed for hyper-connected homes, it supports up to 200 devices and features a 10Gb internet port. The RS700 router is engineered for enhanced performance in high-demand applications like 4K streaming and online gaming, aided by cutting-edge antenna technology and built-in security features via NETGEAR Armor. Priced at $699.99, it will first be available on NETGEAR.com in Q2 2023.
NETGEAR (NASDAQ: NTGR) reported financial results for Q4 and fiscal 2022, revealing a net revenue of $249.1 million for Q4, a decrease of 0.8% year-over-year. For fiscal 2022, net revenue fell to $932.5 million, down 20.2%. The company posted a GAAP operating loss of $12.2 million in Q4 and $82.9 million for the year, marking significant declines from the previous year. Despite challenges, NETGEAR's SMB business saw record quarterly and annual growth, with a 29.9% rise in Q4 revenue. They gained 81,000 paid subscribers, totaling 747,000, with expectations to reach 875,000 by year-end 2023.
NETGEAR, a leader in networking technology, will host a conference call on February 1, 2023, at 5:00 p.m. ET to discuss its fourth quarter and full year 2022 results, along with the first quarter 2023 business outlook. The results will be released after market close on the same day. Investors can participate via a toll-free dial-in number and a live webcast available on NETGEAR's Investor Relations website. The company, headquartered in San Jose, California, has been providing innovative networking solutions for over 25 years, addressing the increasing demand for internet connectivity.
NETGEAR has launched the WAX220 WiFi 6 Access Point, designed for small businesses seeking affordable, efficient WiFi solutions. Priced at
NETGEAR, Inc. (NASDAQ: NTGR) will host a virtual financial analyst day on Thursday, December 1, 2022, from 11:00 a.m. to 1:00 p.m. ET. The executive team will share their vision for the company during this event. Interested parties can access the presentation via webcast on NETGEAR's IR website, with a replay available afterwards. As a leader in innovative networking solutions for over 25 years, NETGEAR provides advanced products for remote work, online gaming, and more.
NETGEAR (NASDAQ: NTGR) reported a 14% decline in net revenue to $249.6 million for Q3 2022, with a GAAP operating loss of $2.2 million. Non-GAAP net income per diluted share dropped to $0.21, down from $0.50 year-over-year. Despite challenges, the SMB business achieved record revenue with 21% year-over-year growth, driven by demand for high-end products like WiFi mesh systems and 5G hotspots. Looking forward, the company anticipates Q4 revenue of between $235 million and $250 million, facing supply constraints and foreign exchange headwinds.
NETGEAR, Inc. (NASDAQ: NTGR) will hold a conference call on October 26, 2022, at 5:00 p.m. ET to discuss its Q3 2022 results and Q4 2022 outlook. The earnings report will be released after the market closes on the same day. Investors can join the call by dialing (888) 660-6468 or via a live webcast on NETGEAR's Investor Relations website. The call will provide insights into NETGEAR's financial performance and future business direction.
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