In a concerted effort to align with leading camera and video management vendors by standardizing features for video surveillance and physical security products, NETGEAR Inc. (NTGR - Free Report) has joined the Open Security and Safety Alliance (“OSSA”). The company expects to work within the framework of this non-profit, non-stock corporation to develop a common platform for manufacturing its high-tech products for improved level of performance across the board.
OSSA is a collaboration of like-minded firms to develop standards and specifications for common components, including an operating system, IoT infrastructure, and collective approach for data security and privacy for maintaining optimum efficiency levels. The initiative aims to inculcate common values for seamless integration and a more standardized approach to fundamental challenges in the market. This is likely to offer a collaborative approach for a highly fragmented market, and augment interoperability to provide users with an improved and trusted level of quality.
With an exponential growth of IoT devices, the demand for safe and secure products has grown manifold. In addition, the continuous use of surveillance cameras and cloud-based services to enable the use of Artificial Intelligence and Machine Learning technologies has increased the need to safeguard these connections via a secure network. This has brought to the fore a sustained demand for robust end-to-end intelligent and secure architecture, spanning across an intranet and the Internet.
NETGEAR aims to leverage its technological capabilities to enhance the overall security architecture of the industry’s surveillance network. Notably, the company recently launched value-added services for audio-visual solutions for seamless deployment across IP networking facilities.
The company has introduced an engineering support center to this effect, which is likely to facilitate the back-up services for addressing the specific needs of the industry. In particular, NETGEAR has employed a dedicated team of experts to offer services ranging from pre-sales and post-sales support to technical training, white papers and best practices. This engineering services team is expected to empower audio-visual installers, consultants, manufacturers and resellers to gain technical know-how for deployment in IP networking assets. This, in turn, is likely to bridge the digital divide for the successful transition from legacy matrix switching to audio-visual solutions over Ethernet.
The strategic move is aimed to simplify and streamline IP networking for small- and medium-sized firms that often lack the requisite resources and technical knowledge for effectively utilizing complex audio-visual installations. NETGEAR’s M4300 line of switches enable seamless installations of low-complexity solutions for the deployment of zero latency, uncompressed 4K video over Ethernet. For larger and more complex installations, the company employs automatic audio-visual multicast under its expert engineering team’s guidance to optimize operations.
Over the past year, shares of NETGEAR have recorded an average loss of 51.1% against the industry’s rise of 0.2%.
NETGEAR currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader industry are Extreme Networks, Inc. (EXTR - Free Report) and Radcom Ltd. (RDCM - Free Report) , both sporting a Zacks Rank #1 (Strong Buy), and Viasat Inc. (VSAT - Free Report) , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Extreme Networks beat earnings estimates thrice in the trailing four quarters, the average being 73.8%.
Radcom beat earnings estimates in each of the trailing four quarters, the average being 68.2%.
Viasat beat earnings estimates in each of the trailing four quarters, the average positive surprise being 230.6%.
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