Core Viewpoint - NETGEAR, Inc. has expanded its Nighthawk WiFi 7 standalone router portfolio with the introduction of RS600, RS500, and RS200 models, aiming to meet the growing demand for advanced networking solutions as households transition to WiFi 7 technology [1][5]. Product Launch and Features - The new standalone WiFi 7 routers include RS600 priced at $499, RS500 at $399, and RS200 at $229, available on NETGEAR.com and gradually at other retailers [1] - These routers offer impressive speed, low latency, and high capacity, featuring patented omni-directional internal antennas for optimal signal range and 360-degree coverage [2] - Advanced encryption protocols and threat detection systems are utilized in the new routers, including WPA3 security, access control, automatic firmware updates, VPN support, and guest WiFi options [3] Security Features - The routers come with a 30-day trial of NETGEAR Armor, powered by Bitdefender, providing an additional layer of protection for connected devices [3][4] - Integrated Armor delivers real-time alerts for detected threats and personalized recommendations to enhance security and privacy [4] - NETGEAR Smart Parental Controls are included, allowing management of children's online time and promoting healthy online habits [4] Market Position and Financial Outlook - NETGEAR is capitalizing on the demand for robust networking solutions due to the increasing number of Internet-connected devices and the transition to WiFi 7, which offers speeds 2.4 times faster than previous standards [5] - The company recently raised its third-quarter 2024 revenue guidance to between $170 million and $180 million, up from the previous range of $160 million to $175 million, attributed to a litigation settlement and the early launch of a 5G mobile hotspot [9][10] - Despite the positive outlook, concerns remain regarding weak macroeconomic conditions and rising costs [10] Stock Performance - NETGEAR currently holds a Zacks Rank of 4 (Sell), with shares having gained 70.8% over the past year compared to the sub-industry's growth of 1.9% [11]

NETGEAR Inc. NASDAQ: NTGR manufactures a wide range of networking products for consumers and businesses worldwide. Its devices, including routers, switches, and modems, help to enhance internet connectivity. NTGR ▼ NETGEAR Today NETGEAR NETGEAR $21.36 -0.58 (-2.64%) 52-Week Range $10.40 $22.62 Price Target $15.00 Add to Watchlist The company has been around since the internet boom. It continues to provide reliable, high-performance networking products that enable seamless connectivity for a growing range of ...

NETGEAR, Inc. (NTGR) stock surged 30.8% yesterday and closed the session at $20.84. The stock rallied after the company announced an agreement with TP-Link Systems Inc., settling the companies' pending U.S. International Trade Commission and patent infringement litigation and TP-Link's breach of contract claims and patent challenges. NTGR has received a $135 million payment as consideration for resolving the litigation. As a result, all the legal disputes between the two parties will be dismissed per the te ...

Investment Thesis - NETGEAR provided positive guidance for the upcoming quarter and received a $90 million cash benefit from a legal settlement after fees and taxes [2] - The company is considered optically cheap with over 60% of its market cap consisting of cash and no debt [2] - The business is shrinking and largely unprofitable, but the financial position is strong [2] Business Overview - NETGEAR provides networking products for businesses and consumers, focusing on internet connectivity through devices like Wi-Fi routers, modems, and switches [3] - The company is expanding in two key areas: ProAV managed switches for enterprise customers and consumer Wi-Fi products for home use [3] - NETGEAR aims to offer a broader range of products at different price points while focusing on innovation [3] Litigation Update - NETGEAR settled legal disputes with TP-Link, receiving a $135 million payment [4] - After fees and taxes, the company will receive $90 million in cash, boosting its financial position [5] - The settlement also eliminates further legal costs and uncertainties [5] Financial Performance - NETGEAR expects a negative 11% year-over-year revenue growth for Q3 2024, marking the 12th consecutive quarter of revenue decline [6][7] - The company generated $16 million in free cash flow and executed $10 million in share repurchases in the last quarter [8] - NETGEAR exited the quarter with over $294 million in cash and expects to continue generating cash in the second half of 2024 [8] Valuation and Cash Position - NETGEAR's net cash position is estimated at 64% of its market cap, with $385 million in cash and marketable securities and no debt [8] - The company's market cap is close to $600 million with approximately 28.6 million shares outstanding [9] Operating Margin Guidance - NETGEAR revised its non-GAAP operating margin guidance for Q3 2024 from -11% to -8% to a range of -4% to -1% [8] - The improvement in operating margin is primarily driven by the legal settlement and expected revenue increase [8] Conclusion - NETGEAR has made progress with the $135 million settlement and increased cash reserves to $385 million, but the business remains largely unprofitable [10] - The company continues to struggle with declining revenue, projecting a negative 11% year-over-year revenue growth for Q3 2024 [10] - Despite improvements in non-GAAP operating margin guidance, much of the progress is linked to the settlement rather than operational improvements [11]

I H II I E T Sundry Photography On July 31, 2024, NETGEAR, Inc. (NASDAQ:NTGR) reported second-quarter revenue that fell by 12%. It reported a loss, worse than the year before. After the markets closed yesterday, the networking equipment firm raised its sales guidance for the third quarter. How is it that the previous quarter's results are in steep contrast to the current quarter for this under-performing firm? Netgear Second-Quarter Results Last quarter, Netgear reported revenue of $143.9 million (-12.6% Y/ ...

NETGEAR, Inc. (NTGR) recently enhanced its portfolio of WiFi 7 devices with the addition of the Nighthawk M7 Pro Mobile Hotspot (MR7400). Powered by the Qualcomm Snapdragon SDX75 chipset and operating on AT&T's 5G network, the M7 Pro offers an exceptional Internet experience, combining advanced WiFi 7 technology with 5G speeds. It is specifically designed to deliver high-speed, portable and secure connectivity, making it ideal for both consumers and businesses. The new M7 Pro delivers superfast Internet wit ...

NETGEAR, Inc. (NTGR) has collaborated with Samsung Electronics' System LSI Business to ensure smooth interoperability and roaming between NETGEAR's Business WiFi 7 access points and Samsung's WiFi 7 client chipset offering. Both companies were the early adopters of WiFi 7, with NTGR focusing on access points and Samsung on client solutions. NETGEAR noted that smooth connectivity in areas with many mobile devices is challenging due to WiFi roaming issues. While stationary devices stay connected to one access ...

NETGEAR, Inc (NTGR) reported a second-quarter 2024 non-GAAP loss of 74 cents per share compared with the non-GAAP loss of 16 cents in the year-ago quarter. The reported figure was narrower than the Zacks Consensus Estimate of a loss of 82 cents per share. NETGEAR generated net revenues of $143.9 million, down 17% year over year. The downtick resulted from weakness across the CHP and NFB businesses. Also, it experienced significant impacts from channel inventory destocking and costs associated with reducing ...

Company Performance - NETGEAR, Inc. reported a quarterly loss of $0.74 per share, which was better than the Zacks Consensus Estimate of a loss of $0.82, but worse than a loss of $0.16 per share a year ago, indicating an earnings surprise of 9.76% [1] - The company posted revenues of $143.9 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 8.45%, although this represents a decline from year-ago revenues of $173.41 million [2] - Over the last four quarters, NETGEAR has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Future Outlook - The sustainability of NETGEAR's stock price movement will depend on management's commentary during the earnings call and the earnings outlook for the coming quarters [3][4] - The current consensus EPS estimate for the upcoming quarter is -$0.25 on revenues of $165.16 million, and for the current fiscal year, it is -$1.57 on revenues of $631.13 million [7] Industry Context - The Computer - Networking industry, to which NETGEAR belongs, is currently ranked in the top 41% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact NETGEAR's performance [5]

Orbi 770 is available for pre-order whereas Nighthawk RS300 is available now on NETGEAR.com Both the solutions will be available gradually at other major retailers. Users will get access to NETGEAR Smart Parental Controls on both solutions. This will help them to keep a tab on the online activities of their children through their connected devices. A subscription fee will be charged after a 30-day trial period for a premium plan, though the basic features remain free of cost. Nonetheless, robust demand for ...