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NETGEAR Expands Nighthawk Portfolio With Three New WiFi 7 Routers
NTGRNETGEAR(NTGR) ZACKS·2024-09-25 14:25

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,RS500at499, RS500 at 399, and RS200 at 229,availableonNETGEAR.comandgraduallyatotherretailers[1]−Theseroutersofferimpressivespeed,lowlatency,andhighcapacity,featuringpatentedomni−directionalinternalantennasforoptimalsignalrangeand360−degreecoverage[2]−Advancedencryptionprotocolsandthreatdetectionsystemsareutilizedinthenewrouters,includingWPA3security,accesscontrol,automaticfirmwareupdates,VPNsupport,andguestWiFioptions[3]SecurityFeatures−Therouterscomewitha30−daytrialofNETGEARArmor,poweredbyBitdefender,providinganadditionallayerofprotectionforconnecteddevices[3][4]−IntegratedArmordeliversreal−timealertsfordetectedthreatsandpersonalizedrecommendationstoenhancesecurityandprivacy[4]−NETGEARSmartParentalControlsareincluded,allowingmanagementofchildren′sonlinetimeandpromotinghealthyonlinehabits[4]MarketPositionandFinancialOutlook−NETGEARiscapitalizingonthedemandforrobustnetworkingsolutionsduetotheincreasingnumberofInternet−connecteddevicesandthetransitiontoWiFi7,whichoffersspeeds2.4timesfasterthanpreviousstandards[5]−Thecompanyrecentlyraiseditsthird−quarter2024revenueguidancetobetween229, 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 180million,upfromthepreviousrangeof180 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]