netgear inc (NTGR) Key Developments
Netgear Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 28, 2015; Provides Earnings Guidance for the Third Quarter of 2015
Jul 23 15
Netgear Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 28, 2015. For the quarter, the company's net revenue was $288.8 million compared with $337.6 million a year ago. Income from operations was $11.2 million compared with $24.6 million a year ago. Income before income taxes was $10.9 million compared with $24.4 million a year ago. Net income was $3.7 million or $0.11 per diluted share compared with $14.7 million or $0.40 per diluted share a year ago. Non-GAAP operating income was $20.5 million compared with $33.96 million a year ago. Non-GAAP net income was $9.9 million or $0.29 per diluted share compared with $21.4 million or $0.58 per diluted share a year ago. The company generated approximately $38.9 million in cash flow from operations.
For the six months, the company's net revenue was $597.9 million compared with $686.99 million a year ago. Income from operations was $28.7 million compared with $48.1 million a year ago. Income before income taxes was $28.95 million compared with $47.9 million a year ago. Net income was $11.7 million or $0.34 per diluted share compared with $29.1 million or $0.79 per diluted share a year ago. Non-GAAP operating income was $48.8 million compared with $67.9 million a year ago. Non-GAAP net income was $26.2 million or $0.75 per diluted share compared with $43.4 million or $1.17 per diluted share a year ago.
The company expects third quarter of 2015 net revenue to be in the range of $315 million to $330 million, driven by typical back-to-school seasonality and the success of its latest products. Non-GAAP operating margin is expected to be in the range of 8.5% to 9.5%. The company’s non-GAAP tax expense is expected to be approximately $11 million to $13 million, which implies an effective tax rate of 41% for the third quarter of 2015.
Netgear Inc. to Report Q2, 2015 Results on Jul 23, 2015
Jul 10 15
Netgear Inc. announced that they will report Q2, 2015 results After-Market on Jul 23, 2015
Netgear Inc., Q2 2015 Earnings Call, Jul 23, 2015
Jul 10 15
Netgear Inc., Q2 2015 Earnings Call, Jul 23, 2015
Netgear Inc. Launches Business Central, a Cloud-Based IT Service Platform for Making Networks Easier to Deploy, Manage and Use
Jun 29 15
Netgear Inc. has launched Business Central, the company’s first secure, cloud-based IT service platform. Business Central is designed to provide small to mid-sized organizations with an affordable way to establish, provision and manage key IT networking services and network devices. The first service module to debut under the Business Central umbrella is the new Business Central Wireless Manager (http://wireless.netgear.com), which enables companies as well as Value-Added Resellers (VARs) and other Systems Integrators (SIs) to centrally manage an entire wireless network across multiple borders, cities, buildings and floors, anytime and anywhere, securely through the cloud. As a Software-as-a-Service (SaaS) platform, Business Central provides enterprise-grade service levels with sophisticated client load balancing and redundancy to ensure maximum uptime while minimizing capital cost expenditures. Business Central Wireless Manager is a new way to deliver managed WiFi for growing organizations that want to cost-effectively and centrally manage single or multiple NETGEAR ProSAFE ® WiFi access points (APs) per site, or hundreds or thousands of access points across multiple sites. For retail chains, coffee shops, small offices, multiple branch offices, and restaurant chains, the alternative is using standalone AP deployments without centralized management, or hardware-based wireless controllers that have service sizing limitations. With Business Central Wireless Manager, all management is performed remotely through a standard web browser. As the management function is hosted on the web, operational administrative tasks that are relevant to traditional controller architectures are eliminated — the purchase, update, support renewal, and maintenance of separate hardware are not required. With Business Central Wireless Manager’s single, comprehensive portal dashboard and simple-to-use configuration wizards, the IT manager, VAR or SI can bring multiple sites, APs and users under one management umbrella within minutes.
Netgear Inc. Launches Nighthawk AC1900 WiFi VDSL/ADSL Modem Router
Jun 15 15
Netgear Inc. has expanded its family of VDSL Modem Routers with Nighthawk AC1900 WiFi VDSL/ADSL Modem Router (D7000) with dual band WiFi and Gigabit Ethernet. This two-in-one device is a high performance router with an embedded DSL modem supporting ADSL/ADSL2/ADSL2+ and VDSL/VDSL2 speeds. It carries the Nighthawk name -the premium line of NETGEAR routers reflecting its powerful dual-core 1GHz processor, extreme WiFi speeds and superior range for better streaming and gaming experiences. It is also the first AC1900 VDSL Modem Router to offer two SuperSpeed USB 3.0 ports for faster connections and twice the USB storage access. The Nighthawk AC1900 WiFi VDSL/ADSL Modem Router provides a built-in fast DSL modem for broadband that is compatible with legacy ADSL, ADSL2 and ADSL2+ connections as well as lightning-fast VDSL and VDSL2 speeds. It offers a great solution to replace outdated or lower-performing equipment from DSL provider. It also offers a Gigabit Ethernet WAN port for universal compatibility with any Internet service, making Nighthawk a logical choice for offering a future-ready upgrade to fiber/cable Internet service. The dual-core 1GHz processor that powers Nighthawk AC1900 WiFi VDSL/ADSL Modem Router boosts wireless, wired, and USB performance. Nighthawk takes full advantage of the world’s fast AC WiFi technology that’s already built into latest mobile devices, while still backward compatible with 802.11 a/b/g/n devices. Within the home or local network, Nighthawk delivers incredibly fast wireless up to 1.9Gbps (AC1900 WiFi = 600+1,300Mbps) and Gigabit Ethernet speeds. High-powered amplifiers, three external antennas and Beamforming+ improve range and reliability to extend coverage and reduce dead spots even in very large homes. Its simultaneous dual band WiFi technology (2.4GHz for range and 5GHz for performance) avoids wireless interference. Nighthawk AC1900 WiFi VDSL/ADSL Modem Router supports fast connections to more devices than typical modem routers from DSL Internet Service Provider, making it especially appropriate for home networks with multiple device connections such as smartphones; notebook, tablet and desktop computers; gaming consoles; smart TVs; and Blu-ray players. In addition to its four Gigabit Ethernet LAN ports, Nighthawk AC1900 WiFi VDSL/ADSL Modem Router is the first to offer two SuperSpeed USB 3.0 ports, for connections up to ten times faster than USB 2.0. These two built-in ports are NETGEAR ReadySHARE-enabled for wirelessly accessing and sharing content on USB hard drives from any device in home network. ReadySHARE printing capability means can wirelessly access and share a USB printer, creating the total package for consumer or home office needs. Nighthawk AC1900 WiFi VDSL/ADSL Modem Router also supports the unique capabilities of the NETGEAR genie app. NETGEAR Nighthawk AC1900 WiFi VDSL/ADSL Modem Router is available now throughout Europe, Asia and Australia in retail shops and online. In Europe, it has an MSRP of €229.99. It will be available in early fall in the U.S. at an MSRP of $249.99.