U.S. Markets closed

Free Post Earnings Research Report: NETGEAR’s Quarterly Revenues Jumped 11%

Stock Monitor: AudioCodes Post Earnings Reporting

LONDON, UK / ACCESSWIRE / July 31, 2018 / If you want access to our free earnings report on NETGEAR, Inc. (NASDAQ: NTGR), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=NTGR. The Company reported its second quarter fiscal 2018 operating and financial results on July 23, 2018. The maker of networking equipment outperformed top- and bottom-line expectations. Additionally, the Company provided its guidance for the upcoming quarter. Register today and get access to over 1,000 Free Research Reports by joining our site below:


Active-Investors.com is currently working on the research report for AudioCodes Ltd (NASDAQ: AUDC), which also belongs to the Technology sector as the Company NETGEAR. Do not miss out and become a member today for free to access this upcoming report at:


Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, NETGEAR most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:


Earnings Highlights and Summary

For the second quarter ended July 01, 2018, NETGEAR's net revenues were $366.8 million, up 11% compared to $330.7 million in the quarter ended July 02, 2017. The Company's revenue numbers beat analysts' estimates of $351.0 million.

During Q2 2018, NETGEAR's GAAP operating margin was negative 0.8% compared to 5.8% in Q2 2017. The Company's non-GAAP operating margin was 5.9% in the reported quarter compared to 8.5% in the prior year's same quarter.

For Q2 2018, NETGEAR reported a GAAP net loss of $5.2 million, or $0.17 loss per diluted share compared to a GAAP net income of $14.6 million, or $0.44 per diluted share, in Q2 2017. The Company's non-GAAP net income was $0.57 per diluted share in the reported quarter versus $0.60 per diluted share in the year earlier comparable quarter, and was ahead of Wall Street's estimates of $0.52 per share.

Segment Details

For Q2 2018, NETGEAR shipped a total of approximately 5.1 million units, including 4.1 million nodes of wireless products. Shipments of the Company's wired and wireless routers and gateways combined were about 1.6 million units in the reported quarter. During Q2 2018, NETGEAR's net revenues split between home and business products were about 81% and 19%, respectively. The net revenues split between wireless and wired products were about 77% and 23%, respectively.

NETGEAR's products introduced in the last 15 months constituted about 42% of its second quarter shipments, while its products introduced in the last 12 months constituted about 35% of its reported quarter shipments.

During Q2 2018, NETGEAR's net revenues from the Americas advanced 14.5% to $259.8 million on a y-o-y basis. The Company's net revenues from Europe, Middle-East, and Africa (EMEA) were $68.7 million in Q2 2018, up 24.4% compared to the year ago corresponding period. NETGEAR's Asia/Pacific (APAC)'s net revenues were $38.3 million in Q2 2018, down 21.1% from Q2 2017, primarily due to a weakness in the service provider channel in Australia.

Cash Matters

NETGEAR ended Q2 2018 with $355.6 million in cash. For the reported quarter, the Company used cash flow from operations of $16.9 million, bringing the Company's total cash flow generated over the trailing twelve months to $124.2 million. Additionally, NETGEAR used $10.2 million in purchases of property and equipment during Q2 2018, bringing its cash used for capital expenditure to $20.9 million over the trailing 12 months.

Business Outlook

Looking forward to the third quarter of 2018, NETGEAR is forecasting net revenues to be in the range of $380 million to $395 million. The Company's GAAP operating margin is expected to be in the band of negative 2.2% to negative 1.2% for the upcoming quarter, which includes approximately $11.0 million of one-time costs associated with the separation, including professional services fees, for various advisory and audit related costs. The Company's non-GAAP operating margin is expected to be in the range of 4.0% to 5.0% for Q3 2018.

Stock Performance Snapshot

July 30, 2018 - At Monday's closing bell, NETGEAR's stock declined 4.69%, ending the trading session at $66.00.

Volume traded for the day: 747.54 thousand shares, which was above the 3-month average volume of 327.80 thousand shares.

Stock performance in the last month – up 6.19%; previous three-month period – up 19.35%; past twelve-month period – up 31.61%; and year-to-date – up 12.34%

After yesterday's close, NETGEAR's market cap was at $2.07 billion.

Price to Earnings (P/E) ratio was at 56.46.

The stock is part of the Technology sector, categorized under the Communication Equipment industry.


Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.


The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.


A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.


For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

SOURCE: Active-Investors