NETGEAR, Inc. (NTGR) Stock

NETGEAR, Inc. (NTGR) is a Technology stock trading at $21.07 (as of 2026-08-20), with a market capitalization of $572.66M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

NETGEAR designs, develops, and markets networking and Internet-connected products, including connected home and broadband offerings (such as Wi‑Fi routers, gateways, mesh systems, and related accessories), along with value-added services. It also sells small and medium business networking products and internet security appliances, serving consumers, businesses, and service providers through retailers, distributors, resellers, and broadband service providers.

Understand NETGEAR, Inc.: how it makes money

NETGEAR designs and markets networking and Internet-connected products, such as Wi-Fi routers, home Wi-Fi systems, broadband modems, and networking adapters, and it also sells value-added services (technical support, parental controls, and cybersecurity protection), which generate both product revenue and recurring services revenue.

NETGEAR's profit model hinges on hardware networking sales to drive the bulk of revenue, while a smaller recurring services stream (Annual Recurring Revenue) helps stabilize the revenue base and support margins, even as the company reported a negative operating margin.

Revenue by segment (latest quarter)
Connected Home$0.1B
SMB$0.1B

Business quality (Weak): We have clear official segment names (Connected Home, Small and Medium Business), but the provided segment revenue candidates do not fully reconcile to total revenue, so the segment revenue split below should be treated as approximate based on the available inputs.

Bull case

  • Recurring revenue base exists: Annual Recurring Revenue is 0.04B, and Recurring Revenue Subscribers are 559,000.
  • Services and security monetization is measurable: Recurring Services Revenue is 0.01B, and Netgear Armor Revenue is 0.01B.

Bear case

  • Profitability is currently negative: Operating margin is -8.6% (operating loss) despite gross margin of 40.5%.
  • Cash collection timing is a working-capital watch item: Days Sales Outstanding is 73.
Valuation — source: SEC EDGAR (first-party)
Price$21.07
Market Cap$572.66M
Price / Book1.25
Price / Sales0.85
FCF Yield-8.9%
DCF Value (model)$36.21
DCF Upside vs Price71.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$699.62M
Net Margin-2.6%
Revenue Growth (YoY)3.8%
EPS Growth (YoY)-246.5%
FCF Growth (YoY)-112.1%
Financial Health — source: SEC EDGAR
Altman Z-Score1.46 (distress)
Valuation vs Sector & Industry
Sector P/E (Technology)33.9
Industry P/E (Computers)32.1
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock Fund Advisors ($143.34M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryComputers
CEOCharles J. Prober
Employees636
CountryUS
IPO Date2003-07-31

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NTGR earnings history · NTGR institutional & insider holders · NTGR KPIs & operating metrics · NTGR financials · NTGR investor presentations & press releases · NTGR SEC filings · NTGR peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.