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NETGEAR (NTGR) Introduces New Tri-band WiFi 7 Access Point

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NETGEAR (NTGR - Free Report) recently introduced the WBE750 Insight Manageable Tri-band WiFi 7 Access Point to address the needs of businesses requiring strong Internet connectivity. Per NTGR, the tri-band WBE750 can deliver up to 18.4Gbps total WiFi throughput (as supported by a 10Gbps/Multi-Gigabit PoE++ port) and can accommodate up to 600 concurrent devices.  

The state-of-the-art device aims to address the complexities of network congestion in the workplace, which occurs due to multiple devices being connected at work. These include various connected devices of employees as well office-wide connected devices like collaboration systems, portable POS systems and smart lighting.

The advanced WiFi 7 access point is expected to resolve the issue of limited bandwidth, providing real-time responsiveness, lower network disruptions and increased capacity. All these are likely to transpire into higher productivity for businesses, positively affecting the bottom-line performance.

The WiFi 7 technology taps both 6GHz and 5GHz WiFi bands simultaneously to overcome network traffic and helps to restore the connection even if one of the bands are out of range. The Multi-Link Operation feature also allows devices to send and receive data at once across both WiFi bands, boosting throughput. Businesses are likely to harness these capabilities by upgrading to the WiFi 7-compliant WBE750 for most of their devices.

Also, WBE750, when used in combination with the company’s Pro Router, Smart Cloud Managed Switches and Insight Remote Cloud Management solutions, will aid businesses with centralized and easy-to-manage network solutions. The NETGEAR WBE750 is available in the United States now on for $699.99. It comes bundled with a one-year subscription to NETGEAR Insight Cloud Management with purchase.

Headquartered in San Jose, CA, NETGEAR is a leading provider of advanced, high-performance and premium networking technologies and Internet-connected products for consumers, businesses and service providers.

The company benefits from the rising demand for robust networking solutions owing to the growing number of Internet-connected devices, the shift from older WiFi standards to the much-awaited WiFi 7, the growth of bandwidth-intensive applications such as 8K video streaming and gaming, coupled with anticipated augmented reality or virtual reality and Metaverse.

In the last reported quarter, NTGR reported total revenues of $188.7 million, down 24.3% year over year. The downtick resulted from weakness across Connected Home Product and Small and Medium Businesses owing to channel inventory compression. However, the top line beat the Zacks Consensus Estimate by 2%.

NETGEAR currently carries a Zacks Rank #3 (Hold). Shares of the company have lost 18.2% compared with the sub-industry’s decline of 2.3% in the past year.

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