NETGEAR® has pioneered advanced networking technologies for homes, businesses, and service providers around the world since 1996 and leads the industry with a broad range of award-winning products designed to simplify and improve people’s lives. By enabling people to collaborate and connect to a world of information and entertainment, NETGEAR is dedicated to delivering innovative and advanced connected solutions ranging from mobile and cloud-based services for enhanced control and security, to smart networking products, video over Ethernet for Pro AV applications, easy-to-use WiFi solutions and performance gaming routers to enhance online game play.
The company is headquartered out of San Jose, Calif. with offices located around the globe.

Company profile
Ticker
NTGR
Exchange
Website
CEO
Patrick Lo
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
CIENA • Adtran • Plantronics • Infinera • Fabrinet • Westell • Audiocodes • Pineapple Energy • DZS • Sonim ...
Former names
NETGEAR INC, NETGEAR, INC
SEC CIK
Corporate docs
Subsidiaries
Infrant Technologies, LLC • SKIPJAM CORP • NETGEAR International, Inc. • Netgear Deutschland GmbH • NETGEAR FRANCE SAS • NETGEAR HOLDINGS LIMITED • NETGEAR INTERNATIONAL LTD • NETGEAR ASIA PTE. LIMITED • NETGEAR HONG KONG LIMITED • Netgear Switzerland GmbH ...
IRS number
770419172
NTGR stock data
News

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29 Jul 22
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28 Jul 22
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28 Jul 22
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28 Jul 22
Analyst ratings and price targets
Calendar
5 Aug 22
12 Aug 22
31 Dec 22
Financial summary
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Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 149.05M | 149.05M | 149.05M | 149.05M | 149.05M | 149.05M |
Cash burn (monthly) | 19.26M | 14.99M | 3.62M | 4.72M | (no burn) | 553.58K |
Cash used (since last report) | 25.6M | 19.93M | 4.82M | 6.27M | n/a | 735.92K |
Cash remaining | 123.45M | 129.12M | 144.23M | 142.78M | n/a | 148.31M |
Runway (months of cash) | 6.4 | 8.6 | 39.8 | 30.3 | n/a | 267.9 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
2 Aug 22 | Mehta Vikram | Common Stock | Sell | Dispose S | No | Yes | 25.57 | 2,759 | 70.55K | 46,095 |
2 Aug 22 | Westhead Martin | Common Stock | Sell | Dispose S | No | Yes | 25.57 | 2,759 | 70.55K | 46,095 |
2 Aug 22 | Cormack Heidi | Common Stock | Sell | Dispose S | No | Yes | 25.56 | 4,687 | 119.8K | 52,047 |
2 Aug 22 | Werdann Michael A | Common Stock | Sell | Dispose S | No | Yes | 25.58 | 5,454 | 139.51K | 49,042 |
1 Aug 22 | Falcon Michael F | Common Stock | Payment of exercise | Dispose F | No | No | 25.85 | 806 | 20.84K | 89,865 |
Institutional ownership, Q1 2022
92.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 164 |
Opened positions | 19 |
Closed positions | 37 |
Increased positions | 50 |
Reduced positions | 69 |
13F shares | Current |
---|---|
Total value | 652.5M |
Total shares | 26.51M |
Total puts | 69.5K |
Total calls | 15.6K |
Total put/call ratio | 4.5 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 5.59M | $137.92M |
Vanguard | 3.24M | $79.95M |
Victory Capital Management | 2.88M | $70.87M |
Brandes Investment Partners | 1.72M | $42.42M |
Dimensional Fund Advisors | 1.67M | $41.23M |
STT State Street | 1.22M | $30.07M |
MCQEF Macquarie | 871.28K | $21.5M |
Allspring Global Investments | 654.71K | $16.16M |
LSV Asset Management | 582.12K | $14.37M |
Geode Capital Management | 526.24K | $12.99M |
Financial report summary
?Competition
PANASONIC • Western Digital • Apple • Microsoft • Dell • NortonLifeLock • Cisco Systems • Inseego • Extreme Networks • TechnicolorRisks
- * If disruptions in our transportation network occur or our shipping costs substantially increase, we may be unable to sell or timely deliver our products, and our net revenue and gross margin could decrease.
- * If we do not effectively manage our sales channel inventory and product mix, we may incur costs associated with excess inventory, or lose sales from having too few products.
- * We rely on a limited number of traditional and online retailers, wholesale distributors and service provider customers for a substantial portion of our sales, and our net revenue could decline if they refuse to pay our requested prices or reduce their level of purchases, if there are unforeseen disruptions in their businesses, or if there is significant consolidation in our customer base that results in fewer customers for our products.
- * Some of our competitors have substantially greater resources than we do, and to be competitive we may be required to lower our prices or increase our sales and marketing expenses, which could result in reduced margins or loss of market share and revenue.
- * Our sales and operations in international markets expose us to operational, financial and regulatory risks.
- If we fail to continue to introduce or acquire new products and services that achieve broad market acceptance on a timely basis, we will not be able to compete effectively and we will be unable to increase or maintain net revenue and gross margins.
- * We depend on a limited number of third-party manufacturers for substantially all of our manufacturing needs. If these third-party manufacturers experience any delay, disruption or quality control problems in their operations, we could lose revenue and our brand may suffer.
- * Changes in trade policy in the United States and other countries, including the imposition of tariffs and the resulting consequences, may adversely impact our business, results of operations and financial condition.
- We depend on large, recurring purchases from certain significant customers, and a loss, cancellation or delay in purchases by these customers could negatively affect our revenue.
- If we fail to overcome the challenges associated with managing our broadband service provider sales channel, our net revenue and gross profit will be negatively impacted.
- The average selling prices of our products typically decrease rapidly over the sales cycle of the product, which may negatively affect our net revenue and gross margins.
- As part of growing our business, we have made and expect to continue to make acquisitions. If we fail to successfully select, execute or integrate our acquisitions, then our business and operating results could be harmed and our stock price could decline.
- * We invest in companies for both strategic and financial reasons, but may not realize a return on our investments.
- * Product security vulnerabilities, system security risks, data protection breaches and cyber-attacks could disrupt our products, services, internal operations or information technology systems, and any such disruption could increase our expenses, damage our reputation, harm our business and adversely affect our stock price.
- We rely upon third parties for technology that is critical to our products, and if we are unable to continue to use this technology and future technology, our ability to develop, sell, maintain and support technologically innovative products would be limited.
- *We have been and will be investing increased additional in-house resources on software research and development, which could disrupt our ongoing business and present distinct risks from our historically hardware-centric business.
- *If our products contain defects or errors, we could incur significant unexpected expenses, experience product returns and lost sales, experience product recalls, suffer damage to our brand and reputation, and be subject to product liability or other claims.
- Our user growth, engagement, and monetization of our subscription services on mobile devices depend upon effective operation with mobile operating systems, networks, technologies, products, and standards that we do not control.
- If we are unable to secure and protect our intellectual property rights, our ability to compete could be harmed.
- * We are currently involved in numerous litigation matters in the ordinary course and may in the future become involved in additional litigation, including litigation regarding intellectual property rights, consumer class actions and securities class actions, any of which could be costly and subject us to significant liability.
- * We are exposed to adverse currency exchange rate fluctuations in jurisdictions where we transact in local currency, which could harm our financial results and cash flows.
- * Changes in tax laws or exposure to additional income tax liabilities could affect our future profitability.
- We are subject to, and must remain in compliance with, numerous laws and governmental regulations concerning the manufacturing, use, distribution and sale of our products, as well as any such future laws and regulations. Some of our customers also require that we comply with their own unique requirements relating to these matters. Any failure to comply with such laws, regulations and requirements, and any associated unanticipated costs, may adversely affect our business, financial condition and results of operations.
- We could incur significant liability if the distribution of Arlo shares to our stockholders is determined to be a taxable transaction.
- * We may be exposed to claims and liabilities as a result of the distribution of Arlo shares to our stockholders.
- We must comply with indirect tax laws in multiple jurisdictions, as well as complex customs duty regimes worldwide. Audits of our compliance with these rules may result in additional liabilities for taxes, duties, interest and penalties related to our international operations which would reduce our profitability.
- We are exposed to the credit risk of some of our customers and to credit exposures in weakened markets, which could result in material losses.
- *If our goodwill and intangible assets become impaired, we may be required to record a significant charge to earnings.
- Governmental regulations of imports or exports affecting Internet security could affect our net revenue.
- We are exposed to credit risk and fluctuations in the market values of our investment portfolio.
- * Global economic conditions could materially adversely affect our revenue and results of operations.
- If we lose the services of our Chairman and Chief Executive Officer, Patrick C.S. Lo, or our other key personnel, we may not be able to execute our business strategy effectively.
- * Political events, war, terrorism, public health issues, natural disasters, sudden changes in trade and immigration policies, and other circumstances could materially adversely affect us.
- We are required to evaluate our internal controls under Section 404 of the Sarbanes-Oxley Act of 2002 and any adverse results from such evaluation, including restatements of our issued financial statements, could impact investor confidence in the reliability of our internal controls over financial reporting.
- *Our stock price may be volatile and your investment in our common stock could suffer a decline in value.
Management Discussion
- Net revenue in Americas decreased in fiscal 2021, compared to the prior year, primarily due to lower demand for Connected Home products, partially offset by higher demand for SMB products. Connected Home net revenue in Americas declined by 17.3% in fiscal 2021 with declines experienced across all product categories. Demand for Connected Home products subsided in 2021 as the heightened demand from the consumer and service provider channels brought on by the COVID-19 pandemic in 2020 declined, coinciding with the reopening of economies and vaccine rollouts. SMB net revenue in Americas rose by 22.7% in fiscal 2021, compared to the prior year. The growth in SMB net revenue was led by increased demand for Pro AV and wireless solutions and assisted by businesses reopening, new business formation, as well as demand for flexible working environments.
Content analysis
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Readability |
H.S. sophomore Good
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New words:
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Removed:
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Financial reports
Current reports
8-K
Netgear® Reports Second Quarter 2022 Results
27 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
6 Jun 22
8-K
Netgear® Reports First Quarter 2022 Results
27 Apr 22
8-K
Netgear® Provides Preliminary First Quarter Financial
18 Apr 22
8-K
Departure of Directors or Certain Officers
29 Mar 22
8-K
Netgear® Reports Fourth Quarter and Full Year 2021 Results
2 Feb 22
8-K
Departure of Directors or Certain Officers
30 Dec 21
8-K
Netgear® Reports Third Quarter 2021 Results
27 Oct 21
8-K
Netgear Appoints Shravan Goli to Board of Directors
23 Aug 21
8-K
Netgear® Reports Second Quarter 2021 Results
21 Jul 21
Registration and prospectus
S-8
Registration of securities for employees
5 Aug 22
S-8
Registration of securities for employees
31 Jul 20
S-8
Registration of securities for employees
22 Feb 19
S-8
Registration of securities for employees
31 May 18
S-8
Registration of securities for employees
2 Jun 16
S-8
Registration of securities for employees
5 Jun 14
S-8
Registration of securities for employees
4 Jun 12
S-8
Registration of securities for employees
27 Jul 10
S-8
Registration of securities for employees
28 Jul 09
S-8
Registration of securities for employees
12 Jun 08
Proxies
DEFA14A
Additional proxy soliciting materials
21 Apr 22
DEFA14A
Additional proxy soliciting materials
15 Apr 21
DEFA14A
Additional proxy soliciting materials
18 May 20
DEFA14A
Additional proxy soliciting materials
20 Apr 20
DEFA14A
Additional proxy soliciting materials
19 Apr 19
DEF 14A
Definitive proxy
19 Apr 18
Other
UPLOAD
Letter from SEC
23 May 22
SD
Conflict minerals disclosure
12 May 22
CORRESP
Correspondence with SEC
5 May 22
UPLOAD
Letter from SEC
11 Apr 22
SD
Conflict minerals disclosure
12 May 21
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
28 May 19
SD
Conflict minerals disclosure
25 May 18
SD
Conflict minerals disclosure
23 May 17
SD
Conflict minerals disclosure
26 May 16
Ownership
4
NETGEAR / MICHAEL A WERDANN ownership change
3 Aug 22
4
NETGEAR / Heidi Cormack ownership change
3 Aug 22
4
NETGEAR / Martin Westhead ownership change
3 Aug 22
4
NETGEAR / Vikram Mehta ownership change
3 Aug 22
4
NETGEAR / Andrew Wonki Kim ownership change
3 Aug 22
4
NETGEAR / MICHAEL F FALCON ownership change
3 Aug 22
4
NETGEAR / Martin Westhead ownership change
1 Aug 22
4
NETGEAR / MICHAEL A WERDANN ownership change
1 Aug 22
4
NETGEAR / Tamesa Rogers ownership change
1 Aug 22
4
NETGEAR / Murray Bryan ownership change
1 Aug 22
Patents
Utility
Ieee 802.11 Communication Utilizing Carrier Specific Interference Mitigation
23 Jun 22
Wireless communication under IEEE 802.11 standards utilizing carrier specific interference mitigation where an AP or UE employs an ultra-wideband tuner to evaluate available spectrum between several communication bands.
Utility
Changing topology in a wireless network
21 Jun 22
Methods, apparatuses, and embodiments related to a technique for changing topology of a wireless network in a multi-band wireless networking system.
Utility
Machine learning coordinated wireless networking
19 Apr 22
The disclosed methods and systems use artificial intelligence (AI) and machine learning (ML) technologies to model the usage and interference on each channel.
Utility
Adaptive encoding in security camera applications
8 Mar 22
The disclosure is related to adaptive encoding of video streams from a camera.
Utility
Controlling channel usage in a wireless network
8 Feb 22
Methods, apparatuses, and embodiments related to a technique for controlling channel usage in a wireless network in a multi-band wireless networking system.
Transcripts
2022 Q2
Earnings call transcript
28 Jul 22
2022 Q1
Earnings call transcript
27 Apr 22
2021 Q4
Earnings call transcript
3 Feb 22
2021 Q3
Earnings call transcript
28 Oct 21
2021 Q2
Earnings call transcript
22 Jul 21
2021 Q1
Earnings call transcript
22 Apr 21
2020 Q4
Earnings call transcript
4 Feb 21
2020 Q3
Earnings call transcript
21 Oct 20
2020 Q2
Earnings call transcript
22 Jul 20
2020 Q1
Earnings call transcript
22 Apr 20
Reddit threads
Daily Discussion Thread - July 27th, 2022
27 Jul 22
Daily Discussion Thread - July 26th, 2022
26 Jul 22
Daily Discussion Thread - July 25th, 2022
25 Jul 22
Daily Discussion Thread - April 27th, 2022
27 Apr 22
Daily Discussion Thread - April 26th, 2022
26 Apr 22
Daily Discussion Thread - April 25th, 2022
25 Apr 22
Most anticipated earnings releases for the week beginning April 25, 2022
23 Apr 22
Most Anticipated Earnings Releases for the week beginning April 25th, 2022
23 Apr 22
Daily Discussion Thread - April 20th, 2022
20 Apr 22
Pre-market April 19th
19 Apr 22