Latest news with #NETGEAR
Yahoo
11 hours ago
- Business
- Yahoo
NTGR Buys Exium to Deliver an Integrated SASE Platform for SMEs & MSPs
NETGEAR Inc. NTGR recently inked a definitive agreement to acquire Exium, a cutting-edge cybersecurity company. The initiative highlights NTGR's continued focus on cloud-based innovations, aligning with its long-standing vision of providing intelligent, reliable, and simplified networking solutions for small and medium enterprises (SMEs) and Managed Service Providers (MSPs). The deal is expected to be closed by the end of the second quarter of 2025, pending customary closing (Secure Access Service Edge) is an architecture that combines networking and security functions, such as SD-WAN, firewall-as-a-service (FWaaS), secure web gateways, and zero trust network access (ZTNA), into a single cloud-native service. The buyout is poised to deliver powerful synergy between networking and cybersecurity, creating a first-of-its-kind, fully integrated SASE platform tailored for the evolving needs of SMEs. NETGEAR, Inc. price-consensus-chart | NETGEAR, Inc. Quote Management highlighted a report from Gartner, as per which the SASE market is poised for explosive growth. The market value is projected to reach $25 billion by 2027 at a CAGR of 29%, as more organizations shift toward cloud-driven networking and security solutions. By incorporating Exium's technology and expertise, NETGEAR for Business (NFB) aims to deliver a comprehensive, user-friendly solution that combines wired and wireless connectivity with built-in firewall protection and advanced security this transaction, NETGEAR is not only acquiring a cybersecurity product but also a purpose-built, MSP-focused platform. Exium has developed its SASE solution from the ground up with usability and scalability in mind, which aligns closely with NTGR's mission of making advanced technology accessible for SMEs, as many of them lack dedicated security staff or complex IT infrastructure. By integrating Exium's SASE capabilities into NETGEAR's Insight cloud management platform, customers gain a seamless, centralized and easy-to-deploy benefits include 'single-pane-of-glass management', quick deployment, cost-effectiveness, advanced cybersecurity and scalability. NETGEAR's strategy will likely continue to evolve as it incorporates more AI-driven threat detection and automated security management features, positioning itself to handle the growing complexities of modern threats without requiring deep technical expertise from end users. Strong performance in NETGEAR's NFB segment and growing recurring revenues are positive indicators for the company's future. Revenues in the NFB segment surged 15.4% year over year to $79.2 million, driven by continued demand for ProAV managed switch products. Gross margin for the segment rose significantly to 46.3%, reflecting an improvement of 440 basis points from the prior-year level. Expansion efforts in the Wi-Fi LAN space also add to the positive ahead, NETGEAR expects steady end-user demand for its ProAV managed switches to continue. While the company is still experiencing supply constraints for certain managed switch models, it anticipates improvement starting in the second quarter and further easing through the rest of the terms of recurring revenues, NETGEAR brought in $8.7 million during the last reported quarter and now has 559,000 recurring subscribers. Growing this subscriber base is seen as key to ensuring long-term financial health and consistent cash business tends to follow a seasonal pattern, with higher sales typically occurring in the third and fourth quarters. This uptick is driven by back-to-school purchases and holiday shopping in consumer markets. As a result, the company experiences fluctuations in cash flow and less consistent earnings throughout the year, making financial performance harder to predict. NTGR currently carries a Zacks Rank #3 (Hold). Shares of the company have soared 114% in the past year compared with the sub-industry's growth of 40.2%. Image Source: Zacks Investment Research Some better-ranked stocks from the broader technology space are Juniper Networks, Inc. JNPR, Arista Networks, Inc. ANET and Ubiquiti Inc. UI. JNPR presently sports a Zacks Rank #1 (Strong Buy), while ANET and UI carry a Zacks Rank #2 (Buy) each. You can see the complete list of today's Zacks #1 Rank stocks is leveraging the 400-gig cycle to capture hyperscale switching opportunities inside the data center. The company is set to capitalize on the increasing demand for data center virtualization, cloud computing and mobile traffic packet/optical convergence. Juniper also introduced new features within the AI-driven enterprise portfolio that enable customers to simplify the rollout of their campus wired and wireless networks while bringing greater insight to network operators. In the last reported quarter, it delivered an earnings surprise of 4.88%.Arista delivered a trailing four-quarter average earnings surprise of 11.82% and has a long-term growth expectation of 14.81%. Arista currently serves five verticals, namely cloud titans (customers that deploy more than 1 million servers, cloud specialty providers, service providers, financial services and the rest of the enterprise. It supplies products to a prestigious set of customers, including Fortune 500 global companies in markets such as cloud titans, enterprises, financials and specialty cloud service effective management of its strong global network of more than 100 distributors and master resellers improved its visibility for future demand and inventory management techniques. In the last reported quarter, Ubiquiti delivered an earnings surprise of 33.3%. Its highly flexible global business model remains well-suited to adapt to the changing market dynamics to overcome challenges while maximizing growth. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Juniper Networks, Inc. (JNPR) : Free Stock Analysis Report NETGEAR, Inc. (NTGR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Ubiquiti Inc. (UI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
12 hours ago
- Business
- Business Wire
NETGEAR ® Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
SAN JOSE, Calif.--(BUSINESS WIRE)--NETGEAR, Inc. (Nasdaq: NTGR), a global leader in intelligent networking solutions designed to power extraordinary experiences, today announced that it granted inducement equity awards to several new employees in multiple business segments of the company, including those who joined NETGEAR as members of the company's NETGEAR for Business (NFB) segment in connection with the company's acquisition involving VAAG Systems. NETGEAR's inducement plan is used exclusively for the grant of equity awards to individuals who were not previously employees of NETGEAR, or following a bona-fide period of non-employment with NETGEAR, in each case as an inducement material to such individuals entering into employment with NETGEAR pursuant to Nasdaq Listing Rule 5635(c)(4). The inducement awards consist of: (1) awards of time-based restricted stock units ('RSUs') covering 75,470 shares of NETGEAR's common stock to new NFB employees and an award of time-based RSUs covering 62,500 shares of NETGEAR's common stock to Jonathan Oakes, who joined the company as SVP of NETGEAR's Home Networking segment (together, the 'RSU Awards'); and (2) an award of performance-based RSUs with a target amount of 62,500 shares of NETGEAR's common stock to Mr. Oakes (the 'PSU Award'). One-third (1/3rd) of the total number of shares subject to each RSU Award will vest on the one-year anniversary of the RSU Award's vesting commencement date and one-twelfth (1/12th) of the total number of shares subject to each RSU Award will vest in equal quarterly installments thereafter, in each case subject to each award recipient providing continued service with NETGEAR through the applicable vesting dates. The number of shares subject to the PSU Award that become eligible to vest (the 'Vesting Eligible PSUs') will be determined based on how NETGEAR's total shareholder return ('TSR') compares to the TSRs of the companies in the Nasdaq Telecommunications Index (IXTC) over the multi-year performance period beginning on April 23, 2025 and ending on December 31, 2027. The Vesting Eligible PSUs, if any, will vest on the third anniversary of the PSU Award's grant date, subject to Mr. Oakes' continued service with NETGEAR through that date. About NETGEAR, Inc. Founded in 1996 and headquartered in the USA, NETGEAR ® (NASDAQ: NTGR) is a global leader in innovative networking technologies for businesses, homes, and service providers. NETGEAR delivers a wide range of award-winning, intelligent solutions designed to unleash the full potential of connectivity and power extraordinary experiences. For businesses, NETGEAR offers reliable, easy-to-use, high-performance networking solutions, including switches, routers, access points, software, and AV over IP technologies, tailored to meet the diverse needs of small and medium enterprises. NETGEAR's consumer products deliver advanced connectivity, powerful performance, and enhanced security features right out of the box, designed to help keep families safe online, whether at home or on the go. More information is available from the NETGEAR Press Room or by calling (408) 907-8000. Connect with NETGEAR: Facebook, Instagram and the NETGEAR blog at ©2025 NETGEAR, Inc. NETGEAR and the NETGEAR logo are trademarks and/or registered trademarks of NETGEAR, Inc. and/or its affiliates in the United States and/or other countries. Other brand and product names are for identification purposes only and may be trademarks or registered trademarks of their respective holder(s). The information contained herein is subject to change without notice. NETGEAR shall not be liable for technical or editorial errors or omissions contained herein. All rights reserved. Source: NETGEAR-F
Yahoo
12 hours ago
- Business
- Yahoo
NETGEAR® Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
SAN JOSE, Calif., June 06, 2025--(BUSINESS WIRE)--NETGEAR, Inc. (Nasdaq: NTGR), a global leader in intelligent networking solutions designed to power extraordinary experiences, today announced that it granted inducement equity awards to several new employees in multiple business segments of the company, including those who joined NETGEAR as members of the company's NETGEAR for Business (NFB) segment in connection with the company's acquisition involving VAAG Systems. NETGEAR's inducement plan is used exclusively for the grant of equity awards to individuals who were not previously employees of NETGEAR, or following a bona-fide period of non-employment with NETGEAR, in each case as an inducement material to such individuals entering into employment with NETGEAR pursuant to Nasdaq Listing Rule 5635(c)(4). The inducement awards consist of: (1) awards of time-based restricted stock units ("RSUs") covering 75,470 shares of NETGEAR's common stock to new NFB employees and an award of time-based RSUs covering 62,500 shares of NETGEAR's common stock to Jonathan Oakes, who joined the company as SVP of NETGEAR's Home Networking segment (together, the "RSU Awards"); and (2) an award of performance-based RSUs with a target amount of 62,500 shares of NETGEAR's common stock to Mr. Oakes (the "PSU Award"). One-third (1/3rd) of the total number of shares subject to each RSU Award will vest on the one-year anniversary of the RSU Award's vesting commencement date and one-twelfth (1/12th) of the total number of shares subject to each RSU Award will vest in equal quarterly installments thereafter, in each case subject to each award recipient providing continued service with NETGEAR through the applicable vesting dates. The number of shares subject to the PSU Award that become eligible to vest (the "Vesting Eligible PSUs") will be determined based on how NETGEAR's total shareholder return ("TSR") compares to the TSRs of the companies in the Nasdaq Telecommunications Index (IXTC) over the multi-year performance period beginning on April 23, 2025 and ending on December 31, 2027. The Vesting Eligible PSUs, if any, will vest on the third anniversary of the PSU Award's grant date, subject to Mr. Oakes' continued service with NETGEAR through that date. About NETGEAR, Inc. Founded in 1996 and headquartered in the USA, NETGEAR® (NASDAQ: NTGR) is a global leader in innovative networking technologies for businesses, homes, and service providers. NETGEAR delivers a wide range of award-winning, intelligent solutions designed to unleash the full potential of connectivity and power extraordinary experiences. For businesses, NETGEAR offers reliable, easy-to-use, high-performance networking solutions, including switches, routers, access points, software, and AV over IP technologies, tailored to meet the diverse needs of small and medium enterprises. NETGEAR's consumer products deliver advanced connectivity, powerful performance, and enhanced security features right out of the box, designed to help keep families safe online, whether at home or on the go. More information is available from the NETGEAR Press Room or by calling (408) 907-8000. Connect with NETGEAR: Facebook, Instagram and the NETGEAR blog at ©2025 NETGEAR, Inc. NETGEAR and the NETGEAR logo are trademarks and/or registered trademarks of NETGEAR, Inc. and/or its affiliates in the United States and/or other countries. Other brand and product names are for identification purposes only and may be trademarks or registered trademarks of their respective holder(s). The information contained herein is subject to change without notice. NETGEAR shall not be liable for technical or editorial errors or omissions contained herein. All rights reserved. Source: NETGEAR-F View source version on Contacts NETGEAR Investor RelationsErik Bylininvestors@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
2 days ago
- Business
- Business Wire
NETGEAR Delivers on the Next Milestone of its Enterprise Vision with the Acquisition of Exium, Bringing Integrated Networking and Security to Small and Medium Enterprises
SAN JOSE, Calif.--(BUSINESS WIRE)--NETGEAR® Inc. (NASDAQ: NTGR), a global leader in intelligent networking solutions designed to power extraordinary experiences, today announced a definitive agreement to acquire Exium, a cybersecurity company, as part of its continuing investment in cloud-based solutions for advanced business connectivity. The acquisition builds on the company's goal of delivering next-gen networking solutions that provide simplicity, reliability, and cost-effectiveness to small and medium enterprises. Exium's products and expertise will help to add an integrated Secure Access Service Edge (SASE) platform to NETGEAR's robust network offering. This solution will offer the first, completely integrated, network and security solution, purpose built for MSPs and SMEs. According to Gartner, the SASE market is expected to grow at a 29% CAGR, reaching over $25 billion by 2027 as organizations increasingly prioritize cloud-based networking and security solutions. With the integration of Exium's platform and expertise, NETGEAR for Business will build an all-in-one, easy-to-use solution that includes wired and wireless networking as well as firewall and integrated security. 'AI has changed the threat landscape for small and medium enterprises as well as larger businesses, but the solutions for SMEs are often too difficult to implement or need to be cobbled onto the network and managed separately,' said Pramod Badjate, President and GM of NETGEAR for Business. 'By offering the Exium SASE solution with the goal of integrating it into our Insight cloud management platform, we'll be able to bring our customers a seamless, single-pane-of-glass solution that is easily deployed and managed by small IT teams or MSPs.' The Exium team brings deep expertise in building widely deployed networking and security solutions. The company's SASE solution was built with MSPs in mind to help onboard and serve their small and medium enterprise customers rapidly. Exium CEO Farooq Khan will continue to lead the Exium solution, joining the NETGEAR for Business leadership team. 'Exium was built from the ground up as a cybersecurity solution to help protect small and medium enterprises that lack a comprehensive solution for combatting cybersecurity threats,' said Khan. 'We share a similar vision with NETGEAR and are excited to be joining the team to build a fully integrated network and security solution specially tailored to serve the needs of these customers.' The closing of the transaction is subject to customary closing conditions and is expected to occur by the end of Q2 2025. About NETGEAR, Inc. Founded in 1996 and headquartered in the USA, NETGEAR® (NASDAQ: NTGR) is a global leader in innovative networking technologies for businesses, homes, and service providers. NETGEAR delivers a wide range of award-winning, intelligent solutions designed to unleash the full potential of connectivity and power extraordinary experiences. For businesses, NETGEAR offers reliable, easy-to-use, high-performance networking solutions, including switches, routers, access points, software, and AV over IP technologies, tailored to meet the diverse needs of small and medium enterprises. NETGEAR's consumer products deliver advanced connectivity, powerful performance, and enhanced security features right out of the box, designed to help keep families safe online, whether at home or on the go. More information is available from the NETGEAR Press Room or by calling +1 (408) 907-8000. Connect with NETGEAR on LinkedIn, Facebook, Instagram and the NETGEAR blog at ©2025 NETGEAR, Inc. NETGEAR, NETGEAR Insight and the NETGEAR logo are trademarks and/or registered trademarks of NETGEAR, Inc. and/or its affiliates in the United States and/or other countries. Other brand and product names are for identification purposes only and may be trademarks or registered trademarks of their respective holder(s). The information contained herein is subject to change without notice. NETGEAR shall not be liable for technical or editorial errors or omissions contained herein. All rights reserved. Source: NETGEAR-G
Yahoo
23-05-2025
- Business
- Yahoo
Is Cisco Stock's 4.3X PS Still Worth it? Buy, Sell, or Hold?
Cisco Systems CSCO shares are trading at a premium, as suggested by the Value Score of D. In terms of the forward 12-month price/sales, CSCO is trading at a premium of 4.3X, higher than the Zacks Computer Networks industry's shares are trading at a premium compared to its closest industry peers, including Extreme Networks EXTR and NETGEAR NTGR. In terms of the forward 12-month P/S, Extreme Networks shares are trading at 1.75X, while NETGEAR is trading at 1.23X. Image Source: Zacks Investment Research In terms of share price movement, Cisco shares have appreciated 13.6% in the past month, underperforming the industry's and the Zacks Computer & Technology sector's return of 14.3% and 15.5%, respectively. Cisco shares have underperformed NETGEAR and Extreme Networks in the past month, shares of which have surged 36.2% and 34.5%, respectively, over the same timeframe. Cisco shares suffered from a challenging macroeconomic condition. Image Source: Zacks Investment Research However, Cisco's aggressive AI push and growing security dominance, as reflected by the recently concluded third quarter of fiscal 2025 results, are noteworthy. Security revenues jumped 54% year over year, while Networking increased 8%. In third-quarter fiscal 2025, total product orders grew 20% year over year or 9% on an organic basis. Networking product orders grew double-digits, driven by web-scale infrastructure, enterprise routing, switching and industrial IoT products. Campus switching orders grew in the high single digits in the reported quarter. WiFi 7 orders increased triple-digit on a sequential company has expanded its portfolio by unveiling AI factory architecture developed in collaboration with NVIDIA NVDA. This is expected to drive up Cisco's AI-driven revenues. Cisco had AI infrastructure orders worth more than $600 million in the third quarter of fiscal 2025, surpassing Cisco's $1 billion annual target a quarter ahead of expanded partnership with NVIDIA, under which the companies plan to offer solutions that help build AI-ready data center networks, is a game changer. Cisco Secure AI Factory with NVIDIA is founded on the NVIDIA Spectrum-X Ethernet networking platform. Security is at the core of the solution and helps enterprises simplify, deploy, manage and secure AI infrastructure at any scale. The launch of 800-gig Nexus switches based on Cisco's 51.2 terabit Silicon One chip in April is expected to drive orders from AI-based cloud customers. Cisco's strategy of infusing AI across Security and Collaboration platforms and developing Agentic capabilities across the portfolio is a key catalyst. It is leveraging Agentic AI to improve customer experience. The launch of Renewals Agent, an Agentic AI-driven solution co-developed with Mistral, and a new Assistant to help customers digitize and de-risk Network Change Management have been noteworthy developments in this security business is benefiting from strong demand for both Cisco Secure Access, Hypershield and XDR. On a combined basis, these solutions added more than 370 customers in the reported quarter. The acquisition of Snap Attack enhances Splunk's capability. For fiscal 2025, CSCO expects revenues to be $56.5-$56.7 billion, up from the previous guidance of $56-$56.5 billion. Non-GAAP earnings are now expected between $3.77 per share and $3.79 per share, better than the previous guidance of $3.68-$3.74 per share. Cisco Systems, Inc. price-consensus-chart | Cisco Systems, Inc. Quote The Zacks Consensus Estimate for CSCO's fiscal 2025 revenues is pegged at $56.57 billion, indicating growth of 5.14% on a year-over-year basis. The consensus mark for CSCO's 2025 earnings is currently pegged at $3.77 per share, up by a penny over the past 30 days, indicating year-over-year growth of 0.27%. An expanding and innovative portfolio makes Cisco well-positioned for sustained growth in an evolving tech landscape. AI push is noteworthy, along with a growing footprint in the security stock is currently trading above the 50-day and the 200-day moving averages, indicating a bullish trend. Image Source: Zacks Investment Research However, a challenging macroeconomic condition, as well as stiff competition in the networking and security domain, is expected to hurt Cisco's prospects in the near currently carries a Zacks Rank #3 (Hold), suggesting that it may be wise for investors to wait for a better point to start accumulating the stock. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report NETGEAR, Inc. (NTGR) : Free Stock Analysis Report Extreme Networks, Inc. (EXTR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
