NETGEAR (NTGR) Launches Smart Switches to Improve Connectivity
NETGEAR NTGR introduced the S3600 Series Smart Switches, which are aimed at meeting the rising demand for networking. The smart switches comprise the 8-Port 10G/multi-gigabit (XS508TM) and 16-Port 10G/multi-gigabit (XS516TM) that offer adaptable wired connectivity for high-bandwidth devices.
The smart switches are aimed to address the rising networking demands of high-bandwidth applications and devices. The smart switches tackle these challenges by allowing precise speed allocation to each connected device. The XS508TM and XS516TM are priced at $999.99 and $1,599.99, respectively.
The new switches offer flexibility to cater to specific networking needs while accommodating future expansion. These switches integrate seamlessly within NETGEAR's Total Network Solution and align with other products like the PR60X Pro Router and WiFi Access Points. Also, the smart switches include a one-year subscription to NETGEAR Insight Cloud Management.
NETGEAR, Inc. Price and Consensus
NETGEAR, Inc. price-consensus-chart | NETGEAR, Inc. Quote
The S3600 Series offers intuitive web management for easy configuration, including uplink ports for local servers or network core aggregation. NETGEAR's Insight Cloud Management platform streamlines remote setup and troubleshooting for the entire network infrastructure from a single interface.
The company continues to invest heavily in research and development to expand its product line. In September, the company introduced a new and enhanced Orbi 970 lineup to address the escalating demand for faster Wi-Fi, lower latency, and greater capacity due to the rise of multi-gig Internet speeds and the proliferation of connected devices and bandwidth-intensive applications.
Prior to that, the company announced the launch of the Nighthawk Tri-Band Mesh WiFi 6E System (MK93S), which is designed to provide improved mesh WiFi coverage and performance. 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.
NETGEAR currently carries a Zacks Rank #2 (Buy). Shares of the company have lost 27.6% compared with the sub-industry’s decline of 1.5% in the past year.
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Other Stocks to Consider
Some other top-ranked stocks in the broader technology space are Pegasystems PEGA, Flex FLEX and Watts Water Technologies WTS. Pegasystems and Flex presently sport a Zacks Rank #1 (Strong Buy), whereas Watts Water Technologies carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Pegasystems’ 2023 EPS has improved 21.2% in the past 60 days to $1.77. PEGA delivered an average earnings surprise of 1,250.2% in the trailing four quarters. Shares of PEGA have soared 51% in the past year.
The Zacks Consensus Estimate for Flex’s fiscal 2024 EPS has increased 3.6% in the past 60 days to $2.56. Flex’s long-term earnings growth rate is 12.4%.
Flex’s earnings outpaced the Zacks Consensus Estimate in each of the last four quarters, the average earnings surprise being 11%. Shares of the company have risen 19.8% in the past year.
The Zacks Consensus Estimate for Watts Water Technologies 2023 EPS has improved 2.8% in the past 60 days to $8.00. Watts Water’s long-term earnings growth rate is 7.8%.
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