NETGEAR, Inc. Revises Earnings Guidance for the Fourth Fiscal Quarter Ended December 31, 2023
January 01, 2024 at 02:35 am IST
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NETGEAR, Inc. revised earnings guidance for the fourth fiscal quarter ended December 31, 2023. The company currently expects net revenue for the fourth quarter of 2023 to be between $179 million and $189 million, compared to prior guidance of $175 million to $190 million for the fourth quarter of 2023.
NETGEAR, Inc. is engaged in providing networking technologies and Internet-connected products for consumers, businesses and service providers. The Company operates through two segments: Connected Home, and NETGEAR for Business. The Connected Home segment focuses on consumers and provides high-performance, dependable and easy-to-use premium WiFi networking solutions such as WiFi 6, WiFi 6E and WiFi 7 Tri-band and Quad-band mesh systems and routers, 4G/5G mobile products, smart devices such as Meural digital displays, and subscription services that provide consumers a range of value-added services. The NETGEAR for Business segment focuses on businesses and provides solutions for business networking, wireless local area network (LAN), audio and video over Ethernet for Pro AV applications, security and remote management. The Company conducts business across three geographic territories: the Americas; Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC).