NETGEAR, Inc. - NTGR STOCK NEWS

NETGEAR reported Q3 2021 net revenue of $290.2 million, a 23.3% decrease year-over-year, with GAAP operating income at $12.9 million. The SMB sector saw a 33% year-over-year growth despite supply constraints. The company announced a new repurchase authorization of 3 million shares. Q4 revenue guidance is projected between $250 million to $265 million, with concerns over logistics costs and supply chain impacts. The tax rates for Q4 are estimated at 80% GAAP and 26.5% non-GAAP.

NETGEAR (NASDAQ: NTGR) has scheduled a conference call on October 27, 2021, at 5:00 p.m. ET to discuss its third quarter 2021 results and fourth quarter 2021 outlook. The earnings release will be announced after market close on the same day. Investors can join the call via toll-free number (888) 660-6468 or an international line at (929) 201-5709 using conference ID 1030183. A live webcast will be accessible on NETGEAR's Investor Relations website.

NETGEAR (NASDAQ: NTGR) has launched Insight Business VPN, an add-on for its Orbi Pro series of routers. This service enables small and medium-sized businesses (SMBs) to securely connect their branch and home offices to corporate networks via an encrypted VPN. The system is designed for easy setup, requiring minimal input from remote employees, while allowing IT managers to maintain centralized control. Pricing starts at $160 per year for 5 devices. The service aims to address remote work challenges, ensuring reliable access to corporate applications and improving employee productivity.

NETGEAR has launched the Orbi Quad-band Mesh WiFi 6E System, enhancing home networking with a new 6GHz WiFi band for faster speeds and reduced interference. The system, featuring multi-Gigabit support and up to 10 Gbps Ethernet ports, caters to the increasing demand for high-performance home WiFi due to rising internet speeds and more connected devices. The RBKE960 Series offers significant improvements over prior models, with 16 WiFi streams for extensive coverage and speed. Available for preorder at $1,499.99, it positions NETGEAR as a leader in WiFi innovation.

NETGEAR (NASDAQ:NTGR) has announced a strategic partnership with AMX by HARMAN, naming its M4250 and M4300 series switches as the preferred choice for AV over IP installations globally. This collaboration enhances interoperability and integration, with AMX developing a module for M4300 to monitor network status. The M4250 series features PoE capabilities and an easy-to-use AV interface, while the M4300 series is well-respected for its advanced performance in AV configurations. The partnership aims to deliver superior experiences in corporate, educational, and government AV applications.

NETGEAR has launched the Nighthawk M5 5G WiFi 6 Mobile Router (MR5200), offering mobile users Gigabit Internet speeds with 5G and WiFi 6 technology. This router supports up to 32 devices simultaneously and is designed for enhanced connectivity in remote work environments. With features like a 1Gbps Ethernet port, long-lasting battery up to 13 hours, and secure VPN support, it aims to improve mobile connectivity and internet access in areas with unreliable broadband. The router is priced at $699.99 and is compatible with AT&T and T-Mobile networks.

NETGEAR®, Inc. (NASDAQ: NTGR) has appointed Shravan Goli to its board of directors. Goli brings over 20 years of executive experience in the tech industry, having previously held leadership roles at Coursera, Dictionary.com, Yahoo!, and Microsoft. His background includes significant growth strategies and product innovations, particularly in SaaS and subscription-based services. NETGEAR's CEO, Patrick Lo, emphasized Goli's potential to provide valuable insight as the company focuses on enhancing software and value-added services alongside its hardware products.

NETGEAR (NASDAQ: NTGR) has announced the interoperability certification of its M4250 and M4300 Pro AV series switches with Extron's NAV® Series. This certification enhances the integration of NETGEAR switches in IP-based AV workflows, improving configuration efficiency for installers. The M4250 series features an easy web interface for streamlined setup, while the M4300 series is known for its robust multicast performance. With applications in various venues, this collaboration reinforces NETGEAR’s commitment to the AV community and expands its market reach.

NETGEAR (NASDAQ: NTGR) launched the WAX202 and WAX206 desktop WiFi 6 Access Points, enhancing its Business Essentials line aimed at small businesses and home offices. These devices offer superior performance, better coverage, and advanced security features, including WPA3 encryption. The WAX202 is priced at $99.99, while the WAX206 will retail for $149 and is expected to be available later this month. Both models cater to modern networking needs, supporting multiple sub-networks and up to three wireless connections simultaneously.