NETGEAR Unveils New Nighthawk X6 Tri-band WiFi Mesh Extender

In order to improve the Internet connectivity at homes, NETGEAR, Inc. (NASDAQ:NTGR) has introduced the Nighthawk X6 Tri-band WiFi Mesh Extender — EX7700 — marking its latest addition to the Nighthawk family of WiFi Mesh Extenders.

The global networking company’s new mesh extender boosts WiFi coverage in every corner of the house, using the same WiFi name. It expands WiFi coverage up to an additional 2000 square feet, setting a new industry standard for a secure networking product. Nighthawk X6 provides a flexible, high performance and secure solution for customers to extend their home network.

Nighthawk X6 Tri-band WiFi Mesh Extender

The EX7700 is one of the most advanced tri-band WiFi mesh extenders with 866Mbps 5GHz band to improve Internet speed of all connected devices, using patented FastLane3 technology, delivering speed up to 2.2Gbps.

Tri-band WiFi involves two 5 Ghz and a 2.4 Ghz band for reliable WiFi coverage and fast Internet speeds. Four high-performance internal antennas offer extended WiFi coverage and amplifies the WiFi range of router and extender. One dedicated 5Ghz band is for router to extender connection only and is not shared with connected devices to ensure that bandwidth is stable.

Features such as smart roaming connects mobile devices to ideal WiFi for 4K streaming and surfing around the house, while secure boot ensures that only NETGEAR signed software runs on the device. Multi-User-MIMO and smart connect ensures that every device is assigned a fast WiFi connection.

NETGEAR first introduced powerful Tri-band WiFi mesh systems to its product range in 2016 with Orbi Whole Home WiFi systems. Thereafter, it followed it up with Nighthawk Mesh WiFi extenders to provide the mesh WiFi capability without replacing current WiFi route.

The product is now available for pre-order at major retail stores for a manufacturer's suggested retail price of $149. The EX7700 is an inexpensive way to build a WiFi mesh system for home. It has a NETGEAR limited one year hardware warranty.

Share Price Performance

NETGEAR has topped earnings estimates in each of the trailing four quarters with an average of 10.2%.

Over the past three months, the stock has gained 17.7% compared with the industry growth of 1.6%.



Zacks Rank and Stocks to Consider

NETGEAR currently has a Zacks Rank #5 (Strong Sell). Better-ranked stocks in the broader industry include Radcom Ltd. (NASDAQ:RDCM) , Motorola Solutions, Inc. (NYSE:MSI) and Ubiquiti Networks, Inc. (NASDAQ:UBNT) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Radcom has exceeded earnings estimates thrice in the trailing four quarters with an average positive surprise of 225.6.

Motorola has a long-term earnings growth expectation of 8%. It beat earnings estimates in each of the trailing four quarters, the average being 12.1%.

Ubiquiti has a long-term earnings growth expectation of 18.6%. It exceeded earnings estimates thrice in the trailing four quarters with an average positive surprise of 8.9%.

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