NETGEAR (NTGR) Launches MK93S to Enhance Mesh WiFi coverage
NETGEAR NTGR announced the launch of Nighthawk Tri-Band Mesh WiFi 6E System (MK93S), which is designed to provide improved mesh WiFi coverage and performance.
The system includes a router and two satellites and offers a significant improvement in Wi-Fi performance compared to its predecessor by delivering speeds of up to 5.7Gbps. It is also equipped with a robust quad-core 1.7GHz processor and the latest WiFi 6E tri-band technology, which helps to reduce congestion and latency.
The MK93S has the capacity to simultaneously support up to 100 devices, which makes it suitable for connecting smart home gadgets, monitoring security cameras, and online gaming etc. The system's patented antennas amplify signals for consistent coverage over an area of up to 7,500 square feet. It adapts the connection between the router and satellites for optimal performance.
NETGEAR, Inc. Price and Consensus
NETGEAR, Inc. price-consensus-chart | NETGEAR, Inc. Quote
The MK93S caters to the rising Wi-Fi and bandwidth demands. Per a report from Markets and Markets, the global Wi-Fi market is expected to reach $31.3 billion by 2027, witnessing a CAGR of 20.4% from 2022 to 2027. The MK93S is available on the company’s website for $549.99 in the United States.
The company continues to invest heavily in research and development to expand its product line. In August, the company introduced its latest offering, the NETGEAR 10G/Multi-Gigabit Dual WAN Pro Router (PR60X), as part of its cloud-based management platform, Insight. This new addition strengthens NETGEAR's portfolio, which includes Smart Switches, Pro WiFi Access Points and Insight.
Prior to that, the company released a new addition to its Nighthawk line, the Nighthawk RS700 Router, the first Wi-Fi 7 router in the market. The router is aimed at addressing the Wi-Fi requirements of modern “hyper-connected” homes, owing to a rise in bandwidth-dependent applications, such as 4K/8K video streaming, HD Zoom calls and real-time gaming and AR/VR applications.
NETGEAR currently carries a Zacks Rank #3 (Hold). Shares of the company have lost 44.3% against the sub-industry’s growth of 28.7% in the past year.
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Stocks to Consider
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