NETGEAR, Inc. - NTGR STOCK NEWS

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.

NETGEAR (NASDAQ: NTGR) has enhanced its NETGEAR Armor security features to provide advanced protection for smart connected homes. The upgraded Armor, now integrated into most Orbi and Nighthawk routers, defends against hackers and malware by safeguarding all home devices. Key improvements include Sensitive Data Protection, Anomaly Detection, Brute Force Protection, DDoS Protection, and Exploit Prevention. A 30-day complimentary trial is available, after which a yearly subscription starts at $99.99 USD.

NETGEAR, Inc. (NASDAQ: NTGR) announced the appointment of David J. Henry as President & GM of Connected Home Products and Services, along with his addition to the board of directors. Henry, who joined NETGEAR in 2004, aims to enhance the company's premium product offerings, including Orbi and Nighthawk, and accelerate growth in the premium WiFi segment. Alongside this promotion, the company will see the departure of longtime board member Gregory J. Rossmann effective December 31, 2021, after nearly 20 years of service, marking a significant leadership transition.

NETGEAR, Inc. (NASDAQ: NTGR) reported Q2 2021 financial results with net revenue of $308.8 million, up 10.3% year-over-year. GAAP operating income reached $21.5 million, a margin of 7.0%. Non-GAAP operating income was $26.5 million, or 8.6% of net revenue. GAAP net income per diluted share was $0.57, compared to $0.20 in the prior year. Despite supply chain constraints, SMB revenue grew 58% year-over-year. For Q3, the company expects revenue between $285 million to $300 million and a GAAP operating margin of 2.1% to 3.1%.

NETGEAR (NASDAQ: NTGR) will host a conference call on July 21, 2021, at 5:00 p.m. ET to discuss its Q2 2021 results and Q3 2021 outlook. The results will be released after market close on the same day. Investors can join the call using the toll-free number (844) 709-2008 or the international number (647) 253-8663, with a conference ID of 9796754. A live webcast will be accessible on NETGEAR's Investor Relations website. The company has been a leader in networking technologies for over 25 years, providing solutions for home and business connectivity.

NETGEAR has partnered with Async Art to integrate programmable NFTs into the Meural Smart Canvas platform. This addition marks the first instance where dynamic artworks, capable of changing over time or reacting to owner input, are natively supported. The collaboration enhances user engagement, allowing owners to experience over 30,000 artworks in an interactive format. The Async channel will be available at no additional cost to Meural Canvas and WiFi Photo Frame users, emphasizing NETGEAR's commitment to innovation in digital art.

NETGEAR (NASDAQ: NTGR) has expanded its Meural Smart Canvas platform by incorporating Async Art NFTs, marking a significant advancement in digital art. Async Art is the first programmable digital platform for crypto-art, allowing for dynamic artworks that evolve based on ownership or public data. The partnership enhances the Meural platform, known for its extensive library of over 30,000 licensed artworks, providing users with a unique art viewing experience that can change over time. A subscription fee of $69.95 grants access to this innovative art collection.