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NETGEAR (NTGR) Unveils New High-Speed Internet Cable Modem
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NETGEAR (NTGR - Free Report) announced the availability of its new Nighthawk DOCSIS 3.1 High-Speed Internet Cable Modem (CM3000). The modem is designed to handle the latest DOCSIS 3.1 cable Internet speeds.
The company added that the new modem offers download speeds of up to 2.5Gbps and upload speeds of up to 1Gbps. The CM3000 meets the growing demands for Internet usage, including video conferencing and smart home surveillance.
The CM3000 works seamlessly with major U.S. cable service providers and is likely to meet future high-split needs. Users can optimize their Internet performance by pairing the CM3000 with NETGEAR's WiFi 6E or WiFi 7 routers or Orbi whole home mesh system.
The Nighthawk CM3000 is available for purchase at $299.99 on the company’s website. The company continues to invest heavily in research and development to expand its product line.
Going ahead, the company plans to further expand its WiFi 7 mesh and mobile hotspots product line. Per a report from Markets and Markets, the global Wi-Fi market is expected to reach $39.4 billion by 2028, witnessing a CAGR of 22.2% from 2023 to 2028.
In December, the company 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.
Prior to that, 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.
NETGEAR currently carries a Zacks Rank #3 (Hold). Shares of the company have lost 17.4% against the sub-industry’s growth of 0.7% in the past year.
The Zacks Consensus Estimate for Synopsys’ 2024 EPS has improved 1.1% in the past 60 days to $13.56. SNPS’ long-term earnings growth rate is 17.5%.
Synopsys’ earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, delivering an average surprise of 4.1%. Shares of SNPS have risen 59.1% in the past year.
The Zacks Consensus Estimate for Woodward’s fiscal 2024 EPS has inched up 5.7% in the past 60 days to $5.27. WWD’s long-term earnings growth rate is 15.5%.
Woodward’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, delivering an average surprise of 27.2%. Shares of WWD have risen 57.3% in the past year.
The Zacks Consensus Estimate for Perion Network’s fiscal 2024 EPS has improved 0.6% in the past 60 days to $3.34. PERI’s long-term earnings growth rate is 22%.
The company’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 12.9%. Shares of PERI have lost 37.1% in the past year.
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NETGEAR (NTGR) Unveils New High-Speed Internet Cable Modem
NETGEAR (NTGR - Free Report) announced the availability of its new Nighthawk DOCSIS 3.1 High-Speed Internet Cable Modem (CM3000). The modem is designed to handle the latest DOCSIS 3.1 cable Internet speeds.
The company added that the new modem offers download speeds of up to 2.5Gbps and upload speeds of up to 1Gbps. The CM3000 meets the growing demands for Internet usage, including video conferencing and smart home surveillance.
The CM3000 works seamlessly with major U.S. cable service providers and is likely to meet future high-split needs. Users can optimize their Internet performance by pairing the CM3000 with NETGEAR's WiFi 6E or WiFi 7 routers or Orbi whole home mesh system.
NETGEAR, Inc. Price and Consensus
NETGEAR, Inc. price-consensus-chart | NETGEAR, Inc. Quote
The Nighthawk CM3000 is available for purchase at $299.99 on the company’s website. The company continues to invest heavily in research and development to expand its product line.
Going ahead, the company plans to further expand its WiFi 7 mesh and mobile hotspots product line. Per a report from Markets and Markets, the global Wi-Fi market is expected to reach $39.4 billion by 2028, witnessing a CAGR of 22.2% from 2023 to 2028.
In December, the company 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.
Prior to that, 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.
NETGEAR currently carries a Zacks Rank #3 (Hold). Shares of the company have lost 17.4% against the sub-industry’s growth of 0.7% in the past year.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the broader technology space are Synopsys (SNPS - Free Report) , Woodward (WWD - Free Report) and Perion Network (PERI - Free Report) . Synopsys sports a Zacks Rank #1 (Strong Buy) at present, while Woodward and Perion Network carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Synopsys’ 2024 EPS has improved 1.1% in the past 60 days to $13.56. SNPS’ long-term earnings growth rate is 17.5%.
Synopsys’ earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, delivering an average surprise of 4.1%. Shares of SNPS have risen 59.1% in the past year.
The Zacks Consensus Estimate for Woodward’s fiscal 2024 EPS has inched up 5.7% in the past 60 days to $5.27. WWD’s long-term earnings growth rate is 15.5%.
Woodward’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, delivering an average surprise of 27.2%. Shares of WWD have risen 57.3% in the past year.
The Zacks Consensus Estimate for Perion Network’s fiscal 2024 EPS has improved 0.6% in the past 60 days to $3.34. PERI’s long-term earnings growth rate is 22%.
The company’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 12.9%. Shares of PERI have lost 37.1% in the past year.