NETGEAR(US:NTGR) ZACKSยท2024-06-12 15:16Product Launch and Features - NETGEAR has introduced two new products: the Orbi 770 Tri-band Mesh System and the Nighthawk RS300 Router, which are positioned as the company's most affordable Wi-Fi 7 offerings to date [14] - The Orbi 770 provides multi-gigabit speeds up to 11Gbps across 2.4GHz, 5GHz, and 6GHz bands, while the Nighthawk RS300 offers speeds up to 9.3Gbps with the ultra-fast 6GHz band [16] - Both products come with NETGEAR Smart Parental Controls and a 30-day trial for NETGEAR Armor Powered by Bitdefender, enhancing security for connected devices [2][17] Market Demand and Trends - There is robust demand for premium products like Orbi 8 and 9, as well as 5G Nighthawk Mobile Hotspots, which is expected to benefit the company during the Wi-Fi 7 upgrade cycle [3] - The introduction of Wi-Fi 7 has made multi-gig internet speeds more affordable, contributing to increased adoption [8] Financial Performance and Challenges - The company is facing challenges due to tough macroeconomic conditions, inflation, and high interest rates, which are impacting topline performance and prompting inventory reduction efforts [11][18] - The company anticipates a revenue headwind of $25-$30 million in the current quarter due to destocking activities with channel partners [5] Stock Performance and Estimates - The Zacks Consensus Estimate for BMI's 2024 EPS is $3.89, reflecting a 9.9% increase over the past 60 days, with shares rising 22.2% in the past year [4] - For Woodward, the fiscal 2024 EPS estimate has increased by 11.4% to $5.88, with shares gaining 59.6% in the past year [7] - Arista Networks has a 2024 EPS estimate of $7.92, up 5.7%, with shares increasing by 80.8% in the past year [13]