netgear inc (NTGR) Key Developments
Netgear Inc. Launches First 4G Advanced Mobile Hotspot Device in Australia
Dec 4 13
Netgear Inc. has launched the NETGEAR AirCard(R) 782S Mobile Hotspot in Australia in conjunction with Telstra Corporation Limited, Australia's telecommunications company. The device will be sold under the brand names Telstra Wi-Fi 4G Advanced or BigPond WiFi 4G Advanced. This is the world's first dedicated mobile hotspot with LTE Advanced technology enabled by NETGEAR and the Qualcomm(R) Gobi(TM) 4G LTE Advanced modem from Qualcomm Technologies Inc. The AirCard 782S also has a companion Ethernet and Antenna Charging Cradle that provides Ethernet connectivity to significantly increase speeds and extend coverage, as well as boost antenna strength in fringe areas with low signal strength. The NETGEAR AirCard 782S Mobile Hotspot is the first mobile broadband device to come to market in Australia that can utilize the 4G Advanced from Telstra. It also supports the latest Category 4 LTE and offers backwards compatibility with Telstra's 3G coverage. Telstra is Australia's mobile network with four times the 4G coverage of any other network in Australia, enabling customers to experience fast mobile broadband across more places. Moreover, it is the first Mobile Hotspot device in Australia to include a data usage meter and integrates with Telstra's 24/7 billing system. The AirCard 782S is a high-performance device that supports up to 10 simultaneous WiFi connections, providing ample support for small offices, telecommuters, students, temporary work sites, seasonal homes, or a work team carrying multiple connected devices into the field or on a road trip. Laptops, tablets, smartphones, digital cameras, gaming consoles, and other WiFi-enabled devices can connect on-the-go to the AirCard 782S built-in 802.11n wireless access point and share a single mobile broadband connection.
NETGEAR, Inc. Offers Unlocked 4G LTE Mobile Hotspot Device in Europe
Dec 2 13
NETGEAR Inc. announced that it has launched its first unlocked version of a 4G LTE mobile hotspot device available in Europe. The NETGEAR AirCard(R) 4G LTE Mobile Hotspot (AC762S) enables anyone on the go to access a WiFi connection powered by 4G LTE/Dual-Carrier HSPA+ speeds. The AirCard Mobile Hotspot is a high performance 4G LTE device that supports up to 10 simultaneous WiFi connections, providing ample support for commuters, mobile workers, students, travelers, a work team carrying multiple connected devices into the field, and families looking to expand their Internet capabilities at home or on the go. It also supports 2G and 3G networks to provide continuous connectivity in geographical areas where 4G LTE is not yet available. The NETGEAR AirCard 4G LTE Mobile Hotspot (AC762S) is available in Europe through major retail stores.
Netgear Inc. Launches Desktop Network Attached Storage Device
Nov 18 13
Netgear Inc. announced ReadyNAS(R) 716 (RN716X). A 10GE-ready addition to the ReadyNAS product family, ReadyNAS 716 is the fast desktop network attached storage (NAS) device. With a maximum capacity of 24TB (up to 84TB with expansion chassis), the six-bay ReadyNAS 716 enables easy storage and extreme throughput for businesses and campus environments supporting up to 500 concurrent users. Providing up to 10GE throughput, ReadyNAS 716 is also the only NAS on the market capable of simultaneously streaming multiple large uncompressed Blu-ray(R) files. NETGEAR introduced a new portfolio of ReadyNAS devices, running on the revolutionary ReadyNAS operating system (OS), that delivers high value, high performance storage with enterprise-class features. The custom-built ReadyNAS OS not only protects stored data with X-RAID2(R) automatic expansion, but also features continuous data protection through unlimited snapshots, easy disaster recovery with cloud-managed replication, and native threat protection with real-time anti-virus. Each NAS device was created with ease-of-use in mind, so business users can confidently centralize, share, and back up all the data on their network. With the launch of ReadyNAS 716, NETGEAR once again takes features and capabilities previously available only from expensive, large-enterprise vendors and dramatically simplifies deployment and manageability to provide businesses with affordable, dynamic, and reliable storage. With a 10GE line rate on the two built-in 10GBASE-T ports, this newest member of the NAS portfolio also showcases the latest in performance capability related to simultaneous HD video streams. ReadyNAS 716 offers the high performance in the desktop category with 16GB ECC memory -- more than any desktop NAS on the market -- and features cutting-edge ReadyCLOUD(TM) technology for cloud-based set-up, provisioning, and full file management from any browser. What's more, the fast NAS supports 10GE infrastructures, making it ideal for streaming multiple HD videos concurrently to different media clients -- whether it's 85 streams for a college seminar, 25 streams to a kindergarten class, or three uncompressed Blu-ray files. The ReadyNAS 700 Series (RN716X) is designed for campus and high performance business environments supporting up to 500 concurrent users. It is a six-bay device and is only offered diskless. The ReadyNAS 500 Series (RN516XX) is designed for small to medium-sized business networks supporting up to 250 concurrent users. It is a six-bay device offered as either diskless or populated with drives. The ReadyNAS 300 Series (RN312XX, RN314XX, RN316XX) is optimized for small business networks and remote or branch office needs. It offers two-bay, four-bay, and six-bay desktop models that are either diskless or populated with drives. The entry level ReadyNAS 100 Series (RN102XX, RN104XX) is designed for home use. It comes in two-bay and four-bay desktop models that are offered as either diskless or populated with drives. In the summer, NETGEAR launched three new ReadyNAS devices for easy rack-mounted deployment, all of which are offered as either diskless or populated with drives: The 12-bay ReadyNAS 4220 is designed for high performance business environments supporting 50 to 500 concurrent users. The 12-bay ReadyNAS 3220 is ideal for supporting 26 to 250 concurrent users. The four-bay ReadyNAS 2120 is perfect for small office environments from five to 25 simultaneous users. Like other members of the ReadyNAS family, ReadyNAS 716 has a simple-to-use interface. It supports SATA (up to 4TB) and SSD drives, and includes three eSATA expansion ports for scaling capacity as the storage needs of a business grows (up to 84TB). Additional advanced capabilities featured on the NETGEAR ReadyNAS 716 include: Two built-in 10GBASE-T ports VPN quality remote data transfer and management. Encrypted remote access. Thin or thick provisioned LUNs. ReadyDROP(TM) file synchronization. ReadyDLNA(TM) mobile clients for remote media streaming.
Netgear Inc. - Analyst/Investor Day
Oct 24 13
To present the company's growth strategy for the Smart Home, 21(st) Century SMBs and next generation service providers
Netgear Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013; Provides Earnings Guidance for the Fourth Quarter of 2013; Announces Impairment Charges for the Third Quarter Ended September 30, 2013
Oct 24 13
Netgear Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported net revenue of $361.895 million, as compared to $315.210 million a year ago. Net income was $14.457 million, or $0.37 per diluted share compared to net income of $23.791 million, or $0.61 per diluted share a year ago. Income from operations was $24.239 million against $30.532 million a year ago. Income before income taxes was $24.821 million against $33.711 million a year ago. Non-GAAP net income was $22.892 million, as compared to $25.268 million in the comparable prior year quarter. Non-GAAP diluted earnings per share of $0.58, as compared to $0.65 a year ago. Non-GAAP operating income was $35.894 million against $36.174 million a year ago. Income before income taxes was $36.476 million against $36.227 million a year ago.
For the nine months, the company reported net revenue of $1,013.013 million, as compared to $961.485 million a year ago. Net income was $43.785 million, or $1.12 per diluted share compared to net income of $70.460 million, or $1.82 per diluted share a year ago. Income from operations was $69.486 million against $97.711 million a year ago. Income before income taxes was $69.838 million against $100.9 million a year ago. Non-GAAP net income was $66.678 million, as compared to $77.980 million in the comparable prior year quarter. Non-GAAP diluted earnings per share of $1.70, as compared to $2.02 a year ago. Non-GAAP operating income was $102.117 million against $112.254 million a year ago. Income before income taxes was $102.469 million against $112.295 million a year ago.
For the third quarter, the company announced impairment charges of $2,000,000.
For the fourth quarter of 2013, the company expects net revenue to be in the range of approximately $340 million to $355 million, with non-GAAP operating margin to be in the range of 9.5% to 10.5%. Non-GAAP tax rate to be approximately 39% for the fourth quarter of 2013.