netgear inc (NTGR) Key Developments
Netgear Inc. Launches Powerline 500 Nano PassThru 1-Port (XAVB5401) at MedPi Trade Show in Monaco
May 13 13
NETGEAR(R) Inc. is highlighting its diverse suite of connectivity solutions for the 'smart' home and growing businesses at the MedPi trade show taking place in Monaco from May 14-17. NETGEAR will be located in booth G33 of the Banque Magnetique Village (espace Ravel) in Monte Carlo's Grimaldi Forum. At MedPi, NETGEAR is launching the Powerline 500 Nano PassThru 1-Port (XAVB5401), a new-generation 500 Mbps product designed to deliver affordability while maintaining an extremely high level of performance and quality. It offers easy, plug-and-play setup and extends Internet access to any electrical outlet, supporting faster speeds perfect for demanding applications such as HDTV, multiple HD/3D video streams, streaming multimedia and multiplayer gaming. Compliant with HomePlug(R) AV and IEEE1901 standards, the Powerline 500 Nano PassThru includes one Ethernet port to connect any Ethernet-enabled device such as HDTVs, HD set-top boxes, HD/3D videos, Blu-ray(TM) players, DVRs, PCs or game consoles to home network and the Internet.
Netgear Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2013; Provides Earnings Guidance for the Second Quarter 2013
Apr 25 13
Netgear Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the period, the company’s net revenue was $293,399,000 against $325,620,000 a year ago. Net revenues were down 9.9% on a year-over-year basis and down 5.5% sequentially. Income from operations was $23,665,000 against $36,194,000 a year ago. Income before income taxes was $23,888,000 against $35,712,000 a year ago. Net income was $15,343,000 or $0.39 diluted pr share against $25,147,000 or $0.65 diluted pr share a year ago. Non-GAAP income from operations was $29,454,000 against $40,684,000 a year ago. Non-GAAP income before income taxes was $29,677,000 against $40,202,000 a year ago. Non-GAAP net income was $19,414,000 or $0.50 diluted pr share against $28,108,000 or $0.73 diluted pr share a year ago.
The company expects second quarter 2013 net revenue to be in the range of $345 million to $360 million and non-GAAP operating margin to be between 9.5% and 10.5%. The company expects non-GAAP tax rate to be approximately 38% in the second quarter 2013. The company expects the tax rate will be in a much wider range throughout the remainder of 2013, depending on the mix of domestic and international profit.
Netgear Inc. Presents at JMP 12th Annual Research Conference, May-14-2013 01:30 PM
Apr 25 13
Netgear Inc. Presents at JMP 12th Annual Research Conference, May-14-2013 01:30 PM. Venue: The Ritz-Carlton, San Francisco, 600 Stockton Street, San Francisco, CA 94108, United States.
Netgear Inc. Announces Beamforming+ on the Netgear R6300 802.11Ac and Netgear A6200 802.11Ac Dual Band
Apr 22 13
Netgear Inc. announced support for Beamforming+ on the NETGEAR R6300 802.11ac Dual Band Gigabit WiFi Router and the NETGEAR A6200 802.11ac Dual Band WiFi USB Adapter. Beamforming+ is also available through a free firmware upgrade for current NETGEAR customers of the R6300 WiFi Router and the A6200 WiFi USB Adapter. The new router firmware improves WiFi performance and range when connecting to other WiFi devices. A second R6300 acting as a client bridge would also provide a higher performance solution for critical video over WiFi applications. NETGEAR Beamforming+ is a smart, signal-focusing technology that extends coverage, reduces interference and dead spots, and boosts the speed of 802.11ac WiFi connections.
Netgear Inc. Revised Earnings Guidance for the First Quarter Ended March 31, 2013
Apr 15 13
Netgear Inc. revised earnings guidance for the first quarter ended March 31, 2013. For the quarter, the company expects net revenue to be in the range of $290 million to $295 million, which is an update to the previously estimated range, of $290 million to $305 million provided on February 12, 2013. The company expects GAAP operating margin for the first quarter to be in the range of 7.5% to 8%, and expects GAAP earnings per diluted share for the first quarter to be between $0.35 and $0.39. The company expects non-GAAP operating margin for the first quarter to be in the range of 9.5% to 10%, below the previously estimated range of 11% to 12% provided on February 12, 2013. Non-GAAP earnings per diluted share for the first quarter of 2013 is expected to be in the range of $0.45 to $0.50.