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Last $29.83 USD
Change Today -0.17 / -0.57%
Volume 698.5K
NTGR On Other Exchanges
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As of 8:09 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

netgear inc (NTGR) Key Developments

Netgear Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 29, 2015; Provides Earnings Guidance for the Second Quarter of 2015

Netgear Inc. reported unaudited consolidated earnings results for the first quarter ended March 29, 2015. For the first quarter of 2015, net revenue was $309.2 million, which is down 11.5% on a year-over-year basis and down 12.5% on a sequential basis. The decline in revenue is due to the exiting of certain service provider business that does not meet financial metrics as discussed in previous earning call as well as the negative impact of the strengthening dollar on international business. Non-GAAP diluted EPS for the first quarter of 2015 was $0.46, which is down 22% year-over-year. EPS was negatively impacted by the decrease of international revenue and profits, which Christine will discuss during her section of the call. The company reported non-GAAP net income of $16.3 million. For the first quarter of 2015, the company used approximately $400,000 in cash flow from operations due to changes in working capital. Net income, computed in accordance with GAAP, for the first quarter of 2015 was $8.0 million, or $0.23 net income per diluted share. This compared to GAAP net income of $14.4 million, or $0.39 net income per diluted share, in the first quarter of 2014, and GAAP net loss of $40.4 million, or net loss of $1.16 per diluted share, in the fourth quarter of 2014. Income before income taxes was $18,026,000 compared to $23,448,000 a year ago. Income from operations was $17,499,000 compared to $23,499,000 a year ago. GAAP operating income was $17,499,000 compared to $23,499,000 a year ago. Non-GAAP operating income was $28,354,000 compared to $33,986,000 a year ago. For the second quarter of 2015, the company anticipates revenue will be in the range of approximately $270 million to $285 million. The revenue decline is primarily due to the decline of service provider revenue to the $100 million level, as well as the typical seasonality of the RBU and CBU business combined with the headwinds from the strengthening U.S. dollar. Second quarter non-GAAP operating margin is expected to be in the range of 6% to 7%. Despite the revenue reduction, the company continues to maintain a high level of R&D in the categories that will benefit to top line in the second half of 2015 and beyond. Non-GAAP tax expense is expected to be approximately $9 million to $11 million for the second quarter of 2015.

NETGEAR, Inc. Proposes Amendments to Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws

NETGEAR Inc. will propose amendments to the amended and restated certificate of incorporation and amended and restated bylaws to eliminate supermajority stockholder vote requirements and replace them with majority vote requirements at the Annual Meeting of Stockholders to be held on June 2, 2015.

Netgear Inc. to Report Q1, 2015 Results on Apr 23, 2015

Netgear Inc. announced that they will report Q1, 2015 results After-Market on Apr 23, 2015

Netgear Inc., Q1 2015 Earnings Call, Apr 23, 2015

Netgear Inc., Q1 2015 Earnings Call, Apr 23, 2015

NETGEAR, Inc Launches New VDSL Modem Router with 802.11 AC Wireless for Lightning-Fast Home Network Performance

NETGEAR Inc. has introduced a new VDSL modem router that supports blazing-fast dual-band WiFi speeds, better range, and more devices than typical modem routers in the equipment bundle from DSL Internet Service Provider. Available initially in Australia, Italy and the UK, the AC1600 WiFi VDSL/ADSL Modem Router with dual band Gigabit (D6400) is designed for larger homes and for home environments supporting 10 or more devices such as smartphones, notebooks, tablets, laptops, computers, smart TVs, gaming consoles, and Blu-ray® players. The new AC1600 Modem Router provides a built-in fast VDSL modem for broadband that is also compatible with ADSL2+ connections. Its Gigabit Ethernet WAN port also offers future upgrade to fiber or cable. Within the home Local Area Network, it delivers incredibly fast wireless up to 1.6Gbps (AC1600 WiFi = 300+1300Mbps) and Gigabit Ethernet speeds, making it ideal for home networks supporting multiple device connections. Compatible with AC WiFi devices and backward compatible with 802.11 a/b/g/n devices, this VDSL/ADSL modem router has high-power amplifiers that enable wireless HD streaming throughout even large-footprint homes. Its simultaneous dual band WiFi technology (2.4GHz for range and 5GHz for performance) avoids wireless interference, while its Gigabit wired connection is ideal for smooth HD streaming and gaming. In addition, Beamforming+ technology boosts speed, reliability and range of WiFi connections to extend coverage and reduce dead spots. These technologies also provide ultimate connectivity for the latest iOS and Android™ dual band wireless tablets and smartphones. Furthermore, the AC1600 Modem Router offers two built-in NETGEAR ReadySHARE®-enabled USB ports for wirelessly accessing and sharing content on USB hard drives from any device in home network. ReadySHARE printing capability can wirelessly access and share a USB printer, creating the total package for consumer or home office needs.

 

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NTGR

Industry Average

Valuation NTGR Industry Range
Price/Earnings 100.0x
Price/Sales 0.8x
Price/Book 1.4x
Price/Cash Flow 435.4x
TEV/Sales 0.6x
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