Q3 net revenue of $182.9 million, above the high end of guidance Achieved GAAP and non-GAAP profitability, above the high end of guidance Fifth consecutive quarter of free cash flow generation Added more than $100 million to cash and cash equivalents to end Q3 with $395.7 million NETGEAR, Inc. (NASDAQ:NTGR), a global leader in intelligent networking solutions for businesses, homes, and service providers, today reported financial results for the third quarter ended September 29, 2024. Third quarter 2024 net revenue of $182.9 million, a decrease of 7.6% from the comparable prior-year quarter. Third quarter 2024 GAAP operating income of $95.8 million, or 52.4% of net revenue, as compar

NETGEAR, Inc. (NASDAQ:NTGR), the leader in advanced networking technologies for businesses, homes and service providers around the world, today announced that it granted equity awards on October 15, 2024 to newly-hired President and General Manager, NETGEAR for Business (NFB), Pramod Badjate as well as several newly-hired employees in multiple business units throughout the company. The awards were granted in accordance with Nasdaq Listing Rule 5635(c)(4) as a material inducement to their commencing employment with NETGEAR. The inducement awards consist of (1) an award of time-based restricted stock units ("RSUs") relating to 165,000 shares of NETGEAR's common stock to Mr. Badjate, (2) awar

NETGEAR®, Inc. (NASDAQ:NTGR), a global leader in intelligent networking solutions for businesses, homes, and service providers, today announced that it will hold a conference call with investors and analysts on Wednesday, October 30 at 5:00 p.m. ET (2:00 p.m. PT) to discuss the Company's third quarter 2024 results and fourth quarter 2024 business outlook The news release announcing the third quarter 2024 results will be disseminated on October 30, 2024 after the market closes. The toll-free dial-in number for the live audio call beginning at 5:00 p.m. ET (2:00 p.m. PT) on Wednesday, October 30, 2024 is (888) 660-6392. The international dial-in number for the live audio call is (929) 203-0

New Nighthawk RS600, RS500, and RS200 routers deliver ultra-fast WiFi 7, powerful performance, and secure networking to fit any budget NETGEAR®, Inc. (NASDAQ:NTGR), a leading provider of innovative and secure solutions for people to connect and manage their digital lives, today expanded its Nighthawk WiFi 7 standalone router line to include the new RS600, RS500, and RS200. The lineup of Nighthawk routers is built on the company's promise to deliver the latest WiFi 7 technology combined with powerful WiFi performance and secure connectivity for homes of any size. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240924299831/en/NETG

New Nighthawk M7 Pro Mobile Hotspot Debuts at AT&T NETGEAR®, Inc. (NASDAQ:NTGR), the leading provider of innovative and secure solutions for people to connect and manage their digital lives, today expanded its portfolio of high-performance WiFi 7 devices with the introduction of the Nighthawk M7 Pro Mobile Hotspot (MR7400). Based on NETGEAR's nearly 30 years of pioneering network expertise, powered by the Qualcomm® Snapdragon™ SDX75 chipset and running on AT&T's reliable 5G network, the M7 Pro provides flexible, high-speed connectivity for consumers and businesses anywhere, anytime. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home

NETGEAR®, Inc. (NASDAQ:NTGR), the leader in advanced networking technologies for homes, businesses, and service providers around the world, today announced a strategic collaboration with Samsung Electronics' System LSI Business to help create seamless interoperability and roaming between NETGEAR Business WiFi 7 access points and Samsung's WiFi 7 client chipset solution. In environments with multiple mobile devices all needing to get online at any time, one of the biggest issues to solve is WiFi roaming. Stationary devices that connect to one access point all the time don't usually have a problem getting online, but users with cell phones, moving from one floor to another in an office buil

The WBE710 follows NETGEAR's first WiFi 7 business access point as a more affordable option for organizations with high connectivity needs NETGEAR®, Inc. (NASDAQ:NTGR), the leading provider of networking products that power businesses of any size, announced the launch of the WBE710 Insight Manageable Tri-band WiFi 7 Access Point, the newest addition to the company's WiFi 7 business access point lineup. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240806612511/en/NETGEAR expands its WiFi 7 solution portfolio for businesses with new WBE710 access point. (Photo: Business Wire) The number of devices with multi-gig capabilities i

Q2 net revenue of $143.9 million, above the high end of guidance Completed destocking of channel, with approximately $30 million reduction Fourth consecutive quarter of FCF generation New Board member appointed and President of B2B business unit hired NETGEAR, Inc. (NASDAQ:NTGR), a global networking company that delivers innovative products to global consumers and businesses, today reported financial results for the second quarter ended June 30, 2024. As expected, second quarter results reflect the impact of destocking approximately $30 million of channel inventory, and the costs associated with an aggressive reduction of legacy inventory. Second quarter 2024 net revenue of $143.

MYND IMMERSIVE TEAMS WITH AT&T, HTC VIVE, NETGEAR AND SELECT REHABILITATION TO BUILD NATIONAL SPATIAL COMPUTING NETWORK FOR OLDER ADULTS NEW YORK, July 31, 2024 /PRNewswire/ -- Mynd Immersive, a pioneer in the field of delivering immersive therapeutics to older adults, and the CTA Foundation, the non-profit arm of the Consumer Technology Association, are thrilled to announce the launch of the Great American Elderverse™ program, supported by the Steven & Alexandra Cohen Foundation, AT&T, HTC VIVE, NETGEAR, and Select Rehabilitation. This groundbreaking initiative is providing immersive content and technology to underserved and lower-income seniors across the United States, enhancing their qu

New appointments throughout the company position NETGEAR for advancement and long-term value creation NETGEAR®, Inc. (NASDAQ:NTGR), the leader in advanced networking technologies for homes, businesses, and service providers around the world, today announced several new additions to its leadership bench. The new board member and executives follow the appointment of CJ Prober as NETGEAR's CEO earlier this year, and join the robust group of accomplished leaders at NETGEAR. "These talented executives bring incredible pedigrees, subject matter expertise and track records to our team. Collaborating with the rest of our talented team, they will contribute to delivering exceptional products and

Q3 net revenue of $182.9 million, above the high end of guidance Achieved GAAP and non-GAAP profitability, above the high end of guidance Fifth consecutive quarter of free cash flow generation Added more than $100 million to cash and cash equivalents to end Q3 with $395.7 million NETGEAR, Inc. (NASDAQ:NTGR), a global leader in intelligent networking solutions for businesses, homes, and service providers, today reported financial results for the third quarter ended September 29, 2024. Third quarter 2024 net revenue of $182.9 million, a decrease of 7.6% from the comparable prior-year quarter. Third quarter 2024 GAAP operating income of $95.8 million, or 52.4% of net revenue, as compar

NETGEAR®, Inc. (NASDAQ:NTGR), a global leader in intelligent networking solutions for businesses, homes, and service providers, today announced that it will hold a conference call with investors and analysts on Wednesday, October 30 at 5:00 p.m. ET (2:00 p.m. PT) to discuss the Company's third quarter 2024 results and fourth quarter 2024 business outlook The news release announcing the third quarter 2024 results will be disseminated on October 30, 2024 after the market closes. The toll-free dial-in number for the live audio call beginning at 5:00 p.m. ET (2:00 p.m. PT) on Wednesday, October 30, 2024 is (888) 660-6392. The international dial-in number for the live audio call is (929) 203-0

Q2 net revenue of $143.9 million, above the high end of guidance Completed destocking of channel, with approximately $30 million reduction Fourth consecutive quarter of FCF generation New Board member appointed and President of B2B business unit hired NETGEAR, Inc. (NASDAQ:NTGR), a global networking company that delivers innovative products to global consumers and businesses, today reported financial results for the second quarter ended June 30, 2024. As expected, second quarter results reflect the impact of destocking approximately $30 million of channel inventory, and the costs associated with an aggressive reduction of legacy inventory. Second quarter 2024 net revenue of $143.

NETGEAR®, Inc. (NASDAQ:NTGR), the leading provider of innovative and secure solutions for people to connect and manage their digital lives, today announced that it will hold a conference call with investors and analysts on Wednesday, July 31 at 5:00 p.m. ET (2:00 p.m. PT) to discuss the Company's second quarter 2024 results and third quarter 2024 business outlook. The news release announcing the second quarter 2024 results will be disseminated on July 31, 2024 after the market closes. The toll-free dial-in number for the live audio call beginning at 5:00 p.m. ET (2:00 p.m. PT) on Wednesday, July 31, 2024 is (888) 660-6392. The international dial-in number for the live audio call is (929

Q1 net revenue of $164.6 million, above midpoint of guidance Q1 service revenue growth of 21.2% year over year Cashflow from operations of $17.2 million; growth of 88.4% year over year Repurchased approximately 783,000 shares of common stock Transformation Effort Underway NETGEAR, Inc. (NASDAQ:NTGR), a global networking company that delivers innovative networking and Internet connected products to consumers and businesses, today reported preliminary financial results for the first quarter ended March 31, 2024. First quarter 2024 net revenue of $164.6 million, a decrease of 9.0% from the comparable prior-year quarter. First quarter 2024 GAAP operating loss of $21.6 million, o

NETGEAR, Inc., (NASDAQ:NTGR), a global networking company that delivers innovative networking and Internet connected products to consumers and businesses, today announced that it will hold a conference call with investors and analysts on Wednesday, May 1 at 5:00 p.m. ET (2:00 p.m. PT) to discuss the Company's first quarter 2024 results and second quarter 2024 business outlook. The news release announcing the first quarter 2024 results will be disseminated on May 1, 2024 after the market closes. The toll-free dial-in number for the live audio call beginning at 5:00 p.m. ET (2:00 p.m. PT) on Wednesday, May 1, 2024 is (888) 660-6392. The international dial-in number for the live audio call

Q4 net revenue of $188.7 million, at the high end of guidance Q4 GAAP gross margin of 34.8%; non-GAAP gross margin of 35.0% 877,000 paid subscribers; Q4 service revenue growth of 27.7% year over year Cash and short-term investments increased $55.6 million sequentially NETGEAR, Inc. (NASDAQ:NTGR), a global networking company that delivers innovative networking and Internet connected products to consumers and businesses, today reported financial results for the fourth quarter and full year ended December 31, 2023. Fourth quarter 2023 net revenue of $188.7 million, a decrease of 24.3% from the comparable prior-year quarter. Fourth quarter 2023 GAAP operating loss of $2.9 million,

NETGEAR, Inc., (NASDAQ:NTGR), today reported certain preliminary financial results for its fourth fiscal quarter ended December 31, 2023. NETGEAR will announce full results for the fourth quarter on February 7, 2024. NETGEAR currently expects net revenue for the fourth quarter of 2023 to be between $179 million and $189 million, compared to prior guidance of $175 million to $190 million for the fourth quarter of 2023. The Company continued to experience strong underlying demand in the premium portion of its CHP product portfolio, riding on the success of its Orbi WiFi 7 launch which continued through the holiday season. The Company is also encouraged that its retail channel partners maint

NETGEAR, Inc., (NASDAQ:NTGR), a global networking company that delivers innovative networking and Internet connected products to consumers and businesses, today announced that it will hold a conference call with investors and analysts on Wednesday, February 7 at 5:00 p.m. ET (2:00 p.m. PT) to discuss the Company's fourth quarter and full year 2023 results and first quarter 2024 business outlook. The news release announcing the fourth quarter and full year 2023 results will be disseminated on February 7, 2024 after the market closes. The toll-free dial-in number for the live audio call beginning at 5:00 p.m. ET (2:00 p.m. PT) on Wednesday, February 7, 2024 is (888) 660-6392. The internat

Q3 net revenue of $197.8 million, above the high end of guidance Q3 GAAP gross margin of 34.8%; non-GAAP gross margin of 35.0% Q3 GAAP operating margin of (0.3)%; non-GAAP operating margin of 2.7%, above the high end of guidance 844,000 paid subscribers for 26.7% growth year over year NETGEAR, Inc. (NASDAQ:NTGR), a global networking company that delivers innovative networking and Internet connected products to consumers and businesses, today reported financial results for the third quarter ended October 1, 2023. Third quarter 2023 net revenue of $197.8 million, a decrease of 20.7% from the comparable prior-year quarter. Third quarter 2023 GAAP operating loss of $0.6 million, o

BWS Financial downgraded NETGEAR from Buy to Neutral

BWS Financial upgraded NETGEAR from Neutral to Buy and set a new price target of $30.00

Raymond James reiterated coverage of Netgear with a rating of Outperform and set a new price target of $31.00 from $34.00 previously

Raymond James reiterated coverage of Netgear with a rating of Outperform and set a new price target of $34.00 from $36.00 previously

BWS Financial downgraded NETGEAR from Buy to Neutral and set a new price target of $30.00

Raymond James reiterated coverage of Netgear with a rating of Outperform and set a new price target of $36.00 from $42.00 previously

BWS Financial reiterated coverage of Netgear with a rating of Buy and set a new price target of $43.00 from $54.00 previously

Raymond James reiterated coverage of Netgear with a rating of Outperform and set a new price target of $42.00 from $48.00 previously

Raymond James reiterated coverage of Netgear with a rating of Outperform and set a new price target of $48.00 from $50.00 previously

Raymond James reiterated coverage of Netgear with a rating of Outperform and set a new price target of $50.00 from $45.00 previously

10-Q - NETGEAR, INC. (0001122904) (Filer)

8-K - NETGEAR, INC. (0001122904) (Filer)

8-K - NETGEAR, INC. (0001122904) (Filer)

8-K - NETGEAR, INC. (0001122904) (Filer)

10-Q - NETGEAR, INC. (0001122904) (Filer)

8-K - NETGEAR, INC. (0001122904) (Filer)

8-K - NETGEAR, INC. (0001122904) (Filer)

8-K - NETGEAR, INC. (0001122904) (Filer)

8-K - NETGEAR, INC. (0001122904) (Filer)

10-Q - NETGEAR, INC. (0001122904) (Filer)

SC 13G/A - NETGEAR, INC. (0001122904) (Subject)

SC 13G/A - NETGEAR, INC. (0001122904) (Subject)

SC 13G - NETGEAR, INC. (0001122904) (Subject)

SC 13G/A - NETGEAR, INC. (0001122904) (Subject)

SC 13G - NETGEAR, INC. (0001122904) (Subject)

SC 13G - NETGEAR, INC. (0001122904) (Subject)

SC 13G/A - NETGEAR, INC. (0001122904) (Subject)

SC 13G/A - NETGEAR, INC. (0001122904) (Subject)

SC 13G/A - NETGEAR, INC. (0001122904) (Subject)

SC 13G/A - NETGEAR, INC. (0001122904) (Subject)

4 - NETGEAR, INC. (0001122904) (Issuer)

4 - NETGEAR, INC. (0001122904) (Issuer)

4 - NETGEAR, INC. (0001122904) (Issuer)

4 - NETGEAR, INC. (0001122904) (Issuer)

3 - NETGEAR, INC. (0001122904) (Issuer)

4 - NETGEAR, INC. (0001122904) (Issuer)

3 - NETGEAR, INC. (0001122904) (Issuer)

4 - NETGEAR, INC. (0001122904) (Issuer)

4 - NETGEAR, INC. (0001122904) (Issuer)

4/A - NETGEAR, INC. (0001122904) (Issuer)

New Nighthawk RS600, RS500, and RS200 routers deliver ultra-fast WiFi 7, powerful performance, and secure networking to fit any budget NETGEAR®, Inc. (NASDAQ:NTGR), a leading provider of innovative and secure solutions for people to connect and manage their digital lives, today expanded its Nighthawk WiFi 7 standalone router line to include the new RS600, RS500, and RS200. The lineup of Nighthawk routers is built on the company's promise to deliver the latest WiFi 7 technology combined with powerful WiFi performance and secure connectivity for homes of any size. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240924299831/en/NETG

MYND IMMERSIVE TEAMS WITH AT&T, HTC VIVE, NETGEAR AND SELECT REHABILITATION TO BUILD NATIONAL SPATIAL COMPUTING NETWORK FOR OLDER ADULTS NEW YORK, July 31, 2024 /PRNewswire/ -- Mynd Immersive, a pioneer in the field of delivering immersive therapeutics to older adults, and the CTA Foundation, the non-profit arm of the Consumer Technology Association, are thrilled to announce the launch of the Great American Elderverse™ program, supported by the Steven & Alexandra Cohen Foundation, AT&T, HTC VIVE, NETGEAR, and Select Rehabilitation. This groundbreaking initiative is providing immersive content and technology to underserved and lower-income seniors across the United States, enhancing their qu

New appointments throughout the company position NETGEAR for advancement and long-term value creation NETGEAR®, Inc. (NASDAQ:NTGR), the leader in advanced networking technologies for homes, businesses, and service providers around the world, today announced several new additions to its leadership bench. The new board member and executives follow the appointment of CJ Prober as NETGEAR's CEO earlier this year, and join the robust group of accomplished leaders at NETGEAR. "These talented executives bring incredible pedigrees, subject matter expertise and track records to our team. Collaborating with the rest of our talented team, they will contribute to delivering exceptional products and

Co-founder, Current CEO and Chairman Patrick C.S. Lo to Retire as Part of Planned Leadership Transition NETGEAR®, Inc. (NASDAQ:NTGR), a global networking company that delivers innovative networking and internet connected products to consumers and businesses, today announced that Patrick C.S. Lo, current Chief Executive Officer and Chairman of the board, is retiring from his position at NETGEAR and from the company's Board. Lo will remain as a strategic advisor to support a seamless leadership transition through July 2024. The Board has appointed Charles (CJ) Prober, a senior technology executive, to succeed him effective immediately. Prober is also joining NETGEAR's Board of Directors. T

New appointment brings additional financial expertise and tech focus Shapeways Holdings, Inc. (NYSE:SHPW) ("Shapeways" or the "Company"), a leader in the large and fast-growing digital manufacturing industry, today announced the appointment of Christine Gorjanc, an experienced public company board director and former Chief Financial Officer of NETGEAR, Inc. (NASDAQ:NTGR) to its Board of Directors (the "Board"), effective April 3, 2023. "We are excited to welcome Christine to the Shapeways Board as we further enhance and broaden the skills and expertise that our directors bring to the business. Her experience in leading and scaling technology companies is highly relevant as we pursue our g

NETGEAR®, Inc. (NASDAQ:NTGR), the leading provider of award-winning connected products designed to simplify and improve people's lives, welcomes Shravan Goli to the company's board of directors. With deep roots in the technology industry, Goli joins the board with executive experience in developing and growing brands such as Coursera, Dictionary.com, Yahoo! and Microsoft. Goli is Coursera's chief product officer and head of Consumer Revenue. Before joining Coursera, he was at DHI Group Inc. where he initially served as president of Dice, a tech job marketplace, and successfully led the growth strategy and operations for Dice, Dice International, ClearanceJobs, and Slashdot Media. Before th

NETGEAR®, Inc. (NASDAQ:NTGR), the leading provider of award-winning connected products designed to simplify and improve people's lives, today announced it has appointed David J. Henry to join the company's board of directors. The company also announced his promotion to President & GM of Connected Home Products and Services, where he will continue his leadership and management of NETGEAR's comprehensive suite of products including the industry leading Orbi, Nighthawk, Nighthawk Pro Gaming, and Meural brands. David joined NETGEAR in 2004 as product line manager for WiFi routers and worked his way up through the organization to where he now leads the company's connected home products and servi

NETGEAR®, Inc. (NASDAQ:NTGR), the leading provider of innovative and secure solutions for people to connect and manage their digital lives, today reported that on May 30, 2024, Administrative Law Judge Doris Johnson Hines ("the ALJ") of the U.S. International Trade Commission ("ITC") issued an Initial Determination finding that China-based TP-Link violated federal law by importing and selling in the United States its multi-band Wi-Fi devices, routers and mesh networking devices.

Current net cash is equal to ~80% of NETGEAR's market cap & recent company-provided 2024 free cash flow guidance implies a de minimis, to potentially negative, enterprise value by year-endWindward believes splitting off the NFB segment would create significant shareholder value as diligence and comp analysis suggest this historically growing and highly profitable enterprise business is likely worth the entirety of the market cap, let alone the paltry enterprise valueMarket is ascribing almost no value to NETGEAR's business, despite the Company being a market leader in Consumer WiFi (~35% market share) and possessing a hidden gem in NFBImplores board to act swiftly to reward shareholders with

This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume NVDA CALL SWEEP BULLISH 05/17/24 $950.00 $32.3K 22.9K 83.6K AAPL CALL TRADE NEUTRAL 05/17/24 $182.50

BWS Financial analyst Hamed Khorsand downgrades Netgear (NASDAQ:NTGR) from Buy to Neutral and announces $13 price target.

Gainers CommScope Hldg Co (NASDAQ:COMM) stock moved upwards by 18.6% to $1.03 during Thursday's regular session. The market value of their outstanding shares is at $219.8 million. Next Technology Holding (NASDAQ:NXTT) shares rose 17.13% to $4.34. The market value of their outstanding shares is at $28.4 million. Benchmark Electronics (NYSE:BHE) stock rose 16.6% to $35.32. The company's market cap stands at $1.2 billion. As per the press release, Q1 earnings came out yesterday. FormFactor (NASDAQ:FORM) stock moved upwards by 14.38% to $50.32. The market value of their outstanding shares is at $3.8 billion. The company's, Q1 earnings came out yesterday. Maxeon Solar Technologies (NASDAQ:MA

U.S. stocks look to push ahead on a positive path, now that the Federal Reserve’s rate decision is in the rearview mirror. Major index futures point to a positive open on Thursday. Pent-up demand following the recent losses could provide some upward thrust to the market but a lot would ride on the earnings reports that traders get to digest. Apple, Inc. (NASDAQ:AAPL) is on track to report after the market closes, while most tech earnings released after Wednesday’s closing bell have triggered negative reactions. Traders may also watch out for the jobless claims data and bond yields, given their significance for the Fed funds rate. FuturesPerformance (+/-)Nasdaq 100+0.95%S&P 500+0.64%Dow

Netgear (NASDAQ:NTGR) reported quarterly losses of $(0.28) per share which met the analyst consensus estimate. The company reported quarterly sales of $164.600 million which beat the analyst consensus estimate of $163.849 million by 0.46 percent. This is a 9.01 percent decrease over sales of $180.908 million the same period last year.