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 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.
NETGEAR has launched the Orbi 860 Series, enhancing its award-winning Orbi 850 Series. Key features include a 10Gb Ethernet port for multi-gig internet, improved antenna for better WiFi performance, and a year of NETGEAR Armor for security against online threats. The Orbi RBK863 model provides up to 8,000 sq. ft. coverage with speeds up to 6Gbps and supports 100 devices simultaneously. This series aims to meet the growing demand for high-performance home WiFi, addressing increased internet usage post-pandemic.
NETGEAR has launched the Nighthawk M6, an upgraded 5G mobile hotspot that enhances speed and WiFi performance. The device supports maximum 5G speeds of 2.5Gbps and can achieve combined WiFi speeds of up to 3.6Gbps with WiFi 6 devices. It features an innovative In-Home Performance Mode for extending WiFi coverage up to 2,000 square feet. The M6 is powered by Qualcomm's Snapdragon SDX62 platform, supports up to 32 devices, and offers a 5040mAh battery with a life of up to 13 hours. Available now for $799.99, this device aims to meet the growing demand for reliable mobile connectivity.
NETGEAR, Inc. (NASDAQ: NTGR) launched two new access points, WAX628 and WAX638E, at the CEDIA Expo, specifically for the residential custom integration market. These products, available exclusively through authorized integrators, include four years of NETGEAR Insight and ProSupport services. The dual-band WAX628 offers speeds up to 5.4 Gbps, while the tri-band WAX638E reaches up to 7.8 Gbps. The new access points emphasize robust security, mesh capability, and backward compatibility, aiding integrators in enhancing smart home networks.
NETGEAR has launched the Nighthawk AXE3000 WiFi 6E USB 3.0 Adapter (A8000), the first of its kind, aimed at upgrading PCs to the latest WiFi standards easily. This adapter enhances connectivity by allowing access to the exclusive 6GHz band, providing speeds of up to 1.2Gbps. The product offers a user-friendly plug-and-play experience, supporting all WiFi bands and compatible with any router. With a retail price of $89.99, it’s positioned as a cost-effective solution for gamers and regular users alike, ensuring maximum performance with NETGEAR's premium routers.
NETGEAR (NASDAQ: NTGR) expands its Meural digital canvases by integrating the Phantom wallet for Solana NFTs, allowing collectors to display their NFTs physically. This partnership aims to enhance the user experience by connecting the rapidly growing Solana ecosystem with Meural's art platform, facilitating a seamless display of digital art. Additionally, Meural canvases will be sold at the newly opened Solana Spaces in New York's Hudson Yards, dedicated to educating visitors about Web3 technologies.
NETGEAR (NASDAQ: NTGR) has announced a partnership with SuperRare, a unique NFT marketplace, marking its entry into the Web3 space. This collaboration aims to develop a licensing and royalty model for displaying NFTs on NETGEAR's Meural digital canvas. By acquiring $RARE tokens and joining the SuperRare DAO, NETGEAR seeks to empower artists and enhance the experience of digital art. The Meural platform already features over 30,000 licensed artworks and will showcase curated NFT collections as part of this initiative. This partnership embodies a shared vision to innovate in digital art engagement.
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