Trade NETGEAR Inc - NTGR CFD

NETGEAR, Inc. Company profile

About NetGear, Inc.

NETGEAR, Inc. delivers networking technologies and Internet connected products to consumers, businesses, and service providers. The Company operates through two segments: Connected Home, and Small and Medium Business (SMB). The Connected Home is focused on consumers and consists of Wi-Fi internet networking solutions such as Wi-Fi mesh systems, routers, 4G/5G mobile products, smart devices and value-added services, offering consumers cyber security, parental controls, extended warranty and support for their home networks and products. The Small and Medium Business is focused on home based, small and medium-sized businesses consisting of business networking, wireless LAN, storage, security solutions and valued added services, such as remote cloud management and support bringing enterprise-class functionality to small and medium-sized businesses. The Company’s geographic territories include Americas; Europe, Middle East and Africa (EMEA) and Asia Pacific (APAC).

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, NetGear, Inc. revenues decreased 7% to $1.17B. Net income decreased 15% to $49.4M. Revenues reflect Commercial segment decrease of 15% to $853.5M, Americas segment decrease of 12% to $786.3M. Net income also reflects Foreign currency transaction gains (loss decrease from $4.4M (income) to $4.8M (expense), research & development expenses increase of 5% to $87.8M (expense).

Equity composition

Common Stock $.001 Par, 5/11, 200M auth., 36,601,611 issd. Insiders control approx. 1.96%. IPO 7/03, 7M shares @ $14 by Lehman Brothers.