Fri, Oct. 23, 12:46 PM
Thu, Oct. 22, 5:37 PM
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Wed, Oct. 21, 5:35 PM
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Fri, Jul. 24, 12:45 PM
Fri, Jul. 24, 12:42 PM
- In addition to beating Q2 revenue estimates (while slightly missing on EPS), Netgear (NASDAQ:NTGR) has guided for Q3 revenue of $315M-$330M, above a $302.1M consensus. Op. margin is expected to rise to 8.5%-9.5% from Q2's 7.1%.
- Also: Netgear's board has authorized a 3M-share buyback program, good for repurchasing 9.3% of shares outstanding at the end of Q2. $76.2M was spent to buy back 2.5M shares in Q2.
- Arlo home security camera and Nighthawk router/gateway sales continued providing a lift to Netgear's consumer/retail ops in Q2. EMEA business sales (hurt by a strong dollar) were weak, and the restructuring of Netgear's service provider ops neared completion.
- Key numbers: Pressuring EPS: Gross margin (non-GAAP) fell 180 bps Q/Q and Y/Y to 27.9%. GAAP operating expenses fell 8% Y/Y to $66.5M. Netgear ended Q2 with $6.21/share in cash/short-term investments. Retail/consumer sales were 45% of revenue, commercial 22%, and service provider 33%.
- Q2 results, PR
Thu, Jul. 23, 4:02 PM
Wed, Jul. 22, 5:35 PM
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Fri, Apr. 24, 10:50 AM
- Though Netgear (NASDAQ:NTGR) beat Q1 revenue estimates (while missing on EPS), it's guiding for Q2 revenue of $270M-$285M, below a $300.4M consensus. Op. margin (non-GAAP) is expected to be in a range of 6%-7%, down from Q1's 9.2.
- The networking hardware vendor notes a strong dollar is expected to hurt Q2 sales, and that its service provider product unit (SPBU) is expected to "continue to align with our restructuring plan." It expects a 2H15 demand pickup thanks to seasonality, the end of the SPBU restructuring, and global distribution of Netgear's Arlo home security cameras (they compete against Dropcam and others).
- Q1 results, PR
Thu, Apr. 23, 4:05 PM
Wed, Apr. 22, 5:35 PM
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Thu, Mar. 12, 9:54 AM
- Raymond James has downgraded Garmin (GRMN -2.2%) and Netgear (NTGR -0.9%) to Underperform.
- Regarding Garmin, RJ is worried about a strong dollar, high valuation, and possible estimate cuts. The navigation hardware vendor sold off hard in February due to the soft 2015 guidance provided with mixed Q4 results, and hasn't yet recovered.
- Netgear also sold off last month due to its guidance. Goldman upgraded 3 days ago.
Mon, Mar. 9, 10:51 AM
- Arguing the company's valuation is now more reasonable, Goldman has upgraded Netgear (NASDAQ:NTGR) to Neutral. The firm's target is at $32.
- The Wi-Fi/Ethernet hardware vendor's shares dove last month due to the soft Q1 guidance (blamed on weak service provider demand) accompanying its Q4 beat. They've largely traded in the $30s for the last 3 years.
Thu, Feb. 5, 5:35 PM
Thu, Feb. 5, 4:05 PM
Wed, Feb. 4, 5:35 PM
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Netgear Inc is a networking company. Its products include WiFi routers, DSL modems, Hotspots, USB Modems, WiFi adapters & switches. It delivers its networking products to consumers, businesses and service providers.
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