NETGEAR (NTGR) Unveils Gaming Router For Superior Experience

NETGEAR, Inc. (NASDAQ:NTGR) has launched Nighthawk Pro Gaming XR300 WiFi Router at the SXSW Gaming Expo. The networking equipment maker’s latest member in the leading-edge product family has been categorically designed to abate ping and latency on Xbox, PlayStation, Nintendo Switch, PCs and mobile devices.

Notably, the XR300 router leverages gaming dashboard powered by DumaOS, which is crucial for an augmented online gaming experience. Moreover, with the growing popularity of online games like Fortnite, Apex Legends and PubG, the Nighthawk Pro Gaming Dashboard focuses on Internet speeds for faster online gaming and smoother streaming, while reducing lag with ultra-low ping rates. The state-of-the-art product is expected to be available worldwide in the next month through authorized NETGEAR partners and reseller channels, ecommerce sites and major retailers, at a listed price of $199.99.

Furthermore, NETGEAR is benefiting from the healthy market traction of Orbi, cable modems and gateways coupled with its SMB switching portfolio, particularly the PoE and ProAV switches. It continues to capitalize on technology inflections, create new categories and build recurring revenues to sustain its market position and drive future growth. The company believes that it will be a leader in new product introduction on the back of Wi-Fi 6 standards alongside the world’s first millimeter wave 5G device with AT&T Inc. (NYSE:T) . It is enthused to be part of AT&T’s commitment to be the first to introduce mobile 5G services in the United States and intends to introduce more 5G-related products in 2019.

NETGEAR top line is benefitting from the rapid surge in Internet connected devices, which has boosted the need for robust networking solutions. An increased market demand for smart home and connected products such as smart TVs, game consoles, HD streaming players and security cameras, among others, continues to drive innovations in networking space. NETGEAR focuses on introducing coveted products into growth areas, which form the basis of smart homes as it strives to be the provider of industry-leading networking and smart connected products for consumers, business and service provider markets. Furthermore, it has released the third generation Meural Canvas. Notably, Meural is the world’s leading smart digital canvas. The company also announced an exciting new Meural content partnership with National Geographic.

In order to benefit from the increasing demand for cloud-based applications for small and mid-sized enterprises, NETGEAR plans to introduce next generation commercial products. Technological advancements are likely to expand the effectiveness and efficiency of its hybrid cloud access network and provide a competitive edge to outsmart its rivals.

However, shares of NETGEAR have recorded an average loss of 27.3% against the industry’s rise of 18.5% over the past three months. The downslide can be largely attributable to management’s decision to separate Arlo Technologies, Inc. On Dec 31, 2018, NETGEAR completed the spin-off of the Arlo business through a distribution of 62,500,000 shares of Arlo stock to NETGEAR’s shareholders. Prior to that, the company owned nearly 84.2% of Arlo stock.



NETGEAR currently has a Zacks Rank #3 (Hold). A couple of better-ranked stocks in the broader industry are Cisco Systems, Inc. (NASDAQ:CSCO) and Motorola Solutions, Inc. (NYSE:MSI) , both carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Cisco has a long-term earnings growth expectation of 7%.

Motorola has a long-term earnings growth expectation of 8%.

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