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NTGR Netgear

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
Former names
NETGEAR INC, NETGEAR, INC
SEC CIK
IRS number
770419172

NTGR stock data

(
)

Calendar

30 Jul 21
1 Aug 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Netgear earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 328.94M 328.94M 328.94M 328.94M 328.94M 328.94M
Cash burn (monthly) 11.52M (positive/no burn) (positive/no burn) (positive/no burn) 1.74M (positive/no burn)
Cash used (since last report) 13.7M n/a n/a n/a 2.07M n/a
Cash remaining 315.24M n/a n/a n/a 326.87M n/a
Runway (months of cash) 27.4 n/a n/a n/a 187.6 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
28 Jul 21 Westhead Martin Common Stock Sell Dispose S No Yes 32.77 4,803 157.39K 38,907
21 Jul 21 Merrill Mark G Common Stock Sell Dispose S No No 36.85 4,000 147.4K 61,977
21 Jul 21 Merrill Mark G Common Stock Option exercise Aquire M No Yes 23.48 4,000 93.92K 65,977
21 Jul 21 Merrill Mark G Common Stock Sell Dispose S No Yes 36.86 500 18.43K 61,977
21 Jul 21 Merrill Mark G Employee Stock Option Common Stock Option exercise Dispose M No Yes 23.48 4,000 93.92K 5,899
20 Jul 21 Cormack Heidi Common Stock Sell Dispose S No Yes 36.83 5,301 195.24K 49,276
19 Jul 21 Kim Andrew Wonki Common Stock Sell Dispose S No Yes 37.04 782 28.97K 82,074
19 Jul 21 Kim Andrew Wonki Common Stock Option exercise Aquire M No Yes 26.61 782 20.81K 82,856
19 Jul 21 Kim Andrew Wonki Employee Stock Option Common Stock Option exercise Dispose M No Yes 26.61 782 20.81K 18,750
16 Jul 21 Mehta Vikram Common Stoc Grant Aquire A No No 0 16,875 0 40,788

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

96.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 203 205 -1.0%
Opened positions 29 42 -31.0%
Closed positions 31 21 +47.6%
Increased positions 80 67 +19.4%
Reduced positions 58 64 -9.4%
13F shares
Current Prev Q Change
Total value 2.13B 1.22B +75.3%
Total shares 29.42M 29.97M -1.9%
Total puts 151.4K 89.5K +69.2%
Total calls 80.9K 159.6K -49.3%
Total put/call ratio 1.9 0.6 +233.7%
Largest owners
Shares Value Change
BLK Blackrock 5.23M $214.83M +7.3%
Vanguard 3.23M $132.76M +4.3%
Victory Capital Management 2.15M $88.19M -20.9%
Dimensional Fund Advisors 1.58M $65.01M -7.0%
STT State Street 1.12M $45.99M +5.8%
MCQEF Macquarie 1.09M $44.8M -7.7%
Fuller & Thaler Asset Management 1.06M $43.54M +43.1%
LSV Asset Management 986.89K $40.56M +514.9%
WFC Wells Fargo & Co. 959.94K $39.45M +3.2%
BK Bank Of New York Mellon 897.4K $36.88M -10.8%
Largest transactions
Shares Bought/sold Change
LSV Asset Management 986.89K +826.39K +514.9%
Victory Capital Management 2.15M -566.44K -20.9%
GS Goldman Sachs 176.31K -449.96K -71.8%
Norges Bank 0 -366.57K EXIT
BLK Blackrock 5.23M +356.61K +7.3%
Fuller & Thaler Asset Management 1.06M +319.12K +43.1%
IVZ Invesco 344.49K -265.97K -43.6%
NTRS Northern Trust 544.33K -205.99K -27.5%
Vanguard 3.23M +132.67K +4.3%
Dimensional Fund Advisors 1.58M -118.97K -7.0%

Financial report summary

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Risks
  • * 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 operating expenses could increase.
  • * We obtain several key components from limited or sole sources, and if these sources fail to satisfy our supply requirements or we are unable to properly manage our supply requirements with our third-party manufacturers, we may lose sales and experience increased component costs.
  • *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 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.
  • * 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.
  • 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 substantially on our sales channels, and our failure to maintain and expand our sales channels would result in lower sales and reduced net revenue.
  • *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.
  • * 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.
  • Our sales and operations in international markets expose us to operational, financial and regulatory risks.
  • Expansion of our operations and infrastructure may strain our operations and increase our operating expenses.
  • 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 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.
  • * 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.
  • If we are unable to secure and protect our intellectual property rights, our ability to compete could be harmed.
  • Changes in tax laws or exposure to additional income tax liabilities could affect our future profitability.
  • 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.
  • We may be exposed to claims and liabilities as a result of the Distribution.
  • 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 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 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.
Content analysis
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Legalese
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Readability
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