It’s earnings season, and that means some opportunities to try to comb through the releases that the market is negatively reacting to. Tonight, I’m going to take a good look at Netgear (NASDAQ:I’m Jason Ditz and I have 20 years of experience in foreign policy research. My work has appeared in Forbes, Toronto Star, Minneapolis Star-Tribune, Providence Journal, Washington Times and the Detroit Free Press, as well as American Conservative Magazine and the Quincy Institute for Responsible Statecraft. I have bee ...

NETGEAR, Inc. (NTGR) reported fourth-quarter 2024 non-GAAP loss per share of 6 cents, which was significantly narrower than the Zacks Consensus Estimate of a loss of 25 cents. The company had reported non-GAAP earnings of 9 cents in the year-ago quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.NETGEAR generated net revenues of $182.4 million, beating the consensus estimate by 8.9%. The figure also beat the guidance of $160-$175 million. Revenues were down 3.3% on a year-over ...

NETGEAR, Inc. (NASDAQ:NTGR) Q4 2024 Earnings Conference Call February 5, 2025 5:00 PM ET Company Participants Erik Bylin - Investor Relations C.J. Prober - Chief Executive Officer Bryan Murray - Chief Financial Officer Conference Call Participants Operator Ladies and gentlemen, thank you for standing by. [Operator Instructions] I would now like to turn the conference over to Erik Bylin. Please go ahead, sir. Erik Bylin Thank you, operator. Good afternoon and welcome to NETGEAR's fourth quarter and full year ...

NETGEAR, Inc. (NTGR) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.25. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 76%. A quarter ago, it was expected that this company would post a loss of $0.04 per share when it actually produced earnings of $0.17, delivering a surprise of 525%.Over the last four quarters, the company has surpassed ...

Financial Performance - Q4 2024 net revenue was $182.4 million, a decrease of 3.3% year over year[5] - Full year 2024 net revenue totaled $673.8 million, down 9.1% from the prior year[5] - Total net revenue for the three months ended December 31, 2024, was $182.4 million, a slight decrease of 0.2% compared to $182.8 million for the previous quarter[35] - For the twelve months ended December 31, 2024, total net revenue was $673.8 million, down 9.0% from $740.8 million in the previous year[35] - The company expects Q1 2025 net revenue to be in the range of $145 million to $160 million[8] Revenue Segmentation - Revenue from the Americas accounted for 67% of total revenue in Q4 2024, totaling $122,857,000[33] - NETGEAR for Business segment generated $80.8 million in revenue for the three months ended December 31, 2024, compared to $78.5 million in the previous quarter, reflecting a growth of 2.0%[35] - Connected Home segment revenue for the three months ended December 31, 2024, was $101.6 million, a decrease of 2.0% from $104.3 million in the previous quarter[35] - Service provider net revenue for the three months ended December 31, 2024, was $20.1 million, down 13.0% from $23.2 million in the previous quarter[36] - The twelve-month service provider net revenue totaled $91.0 million, a decrease of 8.3% from $99.2 million in the previous year[36] Profitability Metrics - Q4 2024 GAAP gross margin was 32.6%, down from 34.8% in Q4 2023[5] - Gross profit for the twelve months ended December 31, 2024, was $195,927 thousand, down 21.4% from $249,252 thousand in 2023, resulting in a gross margin of 29.1%[25] - GAAP gross profit for Q4 2024 was $59,384,000, a decrease of 9.5% compared to $65,636,000 in Q4 2023[28] - Non-GAAP gross profit for Q4 2024 was $59,775,000, down from $65,994,000 in Q4 2023, reflecting a non-GAAP gross margin of 32.8%[28] - Gross profit margin for the three months ended December 31, 2024, was 43.9%, compared to 46.6% in the previous quarter[38] Cash Flow and Liquidity - Q4 2024 free cash flow was $19.0 million, marking the sixth consecutive quarter of cash generation[6] - Cash and equivalents increased by $125 million year over year, ending at $408.7 million[5] - Cash, cash equivalents, and short-term investments increased to $408,690,000 in Q4 2024, up from $395,732,000 in Q3 2024[32] - Cash and cash equivalents increased to $286,444 thousand as of December 31, 2024, from $176,717 thousand at the end of 2023[23] - The company reported a net cash provided by operating activities of $164,797 thousand for the twelve months ended December 31, 2024, compared to $56,853 thousand in 2023[27] Operating Expenses and Restructuring - Operating expenses for the twelve months ended December 31, 2024, totaled $183,711 thousand, a decrease from $282,527 thousand in 2023[25] - A restructuring initiative is projected to save over $20 million in annual operating expenses, which will be reinvested into the business[6] - Corporate and unallocated costs for the three months ended December 31, 2024, were $(18.7) million, compared to $(9.7) million in the previous quarter[38] Net Income and Loss - The net income for the twelve months ended December 31, 2024, was $12,363 thousand, a significant improvement compared to a net loss of $104,767 thousand in 2023[27] - GAAP net loss for Q4 2024 was $8,886,000, compared to a net income of $85,074,000 in Q3 2024[29] - Non-GAAP net loss for Q4 2024 was $1,611,000, a significant decrease from a net income of $5,065,000 in Q3 2024[29] - Loss before income taxes for the three months ended December 31, 2024, was $(11.4) million, compared to a profit of $99.3 million in the previous quarter[38] Balance Sheet Highlights - Total assets as of December 31, 2024, were $850,230 thousand, slightly up from $847,142 thousand in 2023[23] - The company’s total liabilities decreased to $309,164 thousand as of December 31, 2024, from $311,647 thousand in 2023[23]

NETGEAR, Inc. (NTGR) introduced the next generation of NETGEAR Armor solution, powered by Bitdefender to further bolster cybersecurity for consumers. NETGEAR Armor is available on Orbi mesh systems and Nighthawk routers. This is capable of safeguarding IoT and mobile devices on both home networks and “on the go.”In a rapidly evolving threat landscape, cybersecurity has become a top-notch priority for every household. With the increasing number of smart devices, IoT gadgets and mobile phones connected to hom ...

NETGEAR, Inc. (NTGR) has introduced the Orbi 870 Series Mesh System. The product is the latest in its range of mesh networking systems, offering the advanced capabilities of WiFi 7 to accommodate homes of all sizes.NTGR developed the Orbi 870 Series to deliver exceptional performance. It can support up to 150 connected devices simultaneously, making it ideal for activities such as ultra-high-definition streaming, remote work and online gaming. Additionally, NETGEAR's Advanced Router Protection, included wit ...

NETGEAR Inc. (NTGR) stock has rallied 17.5% in the past month, outperforming its sub-industry, and the S&P 500 Composite’s growth of 6.4% and 2.8%, respectively. The stock trajectory received impetus following better-than-expected third-quarter results (announced on Oct.30) and encouraging business outlook.Prior to that, the stock had been rising owing to guidance revision due to the litigation settlement with TP-Link Systems and the early launch of its next-generation 5G mobile hotspot. Investors cheered t ...

Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year.With a focus on tech and “the Great Energy Transition (including uranium)”, Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outsta ...

It’s been over a year since I last covered Netgear, Inc. ( NASDAQ: NTGR ), so I thought it would be a good time to see how its operations have developed since then. While performance continued to decline, the company’sMSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to time.A ...