NETGEAR, Inc. Provides Revenue Guidance for the Third Quarter of 2021
July 21, 2021 at 04:05 pm EDT
Share
NETGEAR, Inc. provided revenue guidance for the third quarter of 2021. Looking ahead to the second half of 2021, the company expects the market growth to moderate further to approximately 20% above second half 2019 levels. The company also expect SMB to continue to be supply-bound, and thus expect the third quarter net revenue to be in the range of $285 million to $300 million.
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).
NETGEAR, INC. 
