NTGR
NETGEAR, Inc.

NETGEAR, Inc.NTGR

Technology · Communication Equipment
18.88USD
-0.79%
Nov 08, 2026
NTGR overview ready
Wi-Fi 7 Networking Hardware Supplier for Consumers and SMBs
NETGEAR sells the endpoint networking infrastructure for this refresh: Wi-Fi 7 routers and mesh systems for consumers, plus Wi-Fi 7 access points, managed switches, routers, cloud management, and related security and AV-over-IP products for SMB and professional deployments.
Theme not measured
Networking & Telecom Equipment has no leadership state this session.
Price trend is broken
Longer-term context reads early recovery, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
Fair valuation
The price broadly reflects the strength of its balance sheet, with upside and risk reasonably balanced.
Fundamentals not measured
Primary risk
Intense competition in networking hardware.
Market Nov 6Filing Sep 27Price action Nov 7Research Oct 23

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction3.4BusinessPerformance2.0BusinessQuality5.3Valuation3.5ThemeMomentum—Weakening — Revenue fell 9% year over year in the latest quarter. The company is still loss-making: the diluted loss per share widened to -$0.45 from -$0.17 a year earlier. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Networking & Telecom Equipment — Networking & Telecom Equipment is tracked (3–4 priced members) — too few for a leadership state
Its economic family, Technology Hardware & IT Services, reads Neutral (+1.7pp vs SPY) — the family’s reading, not this theme’s.
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads early recovery, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$495.7M
Avg Volume (60D)
333.7K
60 sessions
Revenue Growth YoY
+3.8%
FY2025 vs FY2024
Gross Margin
+40.3%
Trailing twelve months
Operating Margin
-6.0%
Trailing twelve months
Free Cash Flow Yield
-1.1%
Distance from 200DMA
-17.7%
Next Earnings
2027-02-03
P/E
N/M
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 27, 2026
Filed balance-sheet data as of Sep 27, 2026

Business Performance

Weakening

Revenue fell 9% year over year in the latest quarter. The company is still loss-making: the diluted loss per share widened to -$0.45 from -$0.17 a year earlier.

Latest reported: Q3 FY2026, ended Sep 27
Revenue growthDeclining
-9.3%
$167M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. 0.0%
  2. -2.0%
  3. -1.2%
  4. -9.3%
Earnings growthLoss widening
-$0.45
Diluted EPS -$0.45 vs -$0.17 a year earlier · GAAP
Too few comparable EPS quarters: a loss or a turn to profit has no meaningful percentage.
Operating marginContracting
-8.2%
-4.4 pp YoY · gross margin 40.1% (+0.9 pp)

Business Quality

5.3 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

The available comparisons disagreed; the peers comparison is the more reliable method for this business and the others are published as dissent.
NETGEAR, Inc. has a Fair valuation stance because the price broadly reflects the strength of its balance sheet, with upside and risk reasonably balanced.

Company Research

Thesis
NETGEAR sells the endpoint networking infrastructure for this refresh: Wi-Fi 7 routers and mesh systems for consumers, plus Wi-Fi 7 access points, managed switches, routers, cloud management, and related security and AV-over-IP products for SMB and professional deployments.
Opportunity
Moderate opportunity
A hardware-refresh cycle in which households, small and medium businesses, managed-service providers, and branch locations upgrade wireless access points, routers, mesh systems, switches, and management software to Wi-Fi 7-capable networks for greater capacity, lower latency, multi-gigabit connectivity, and denser device environments.
Key risk
Intense competition in networking hardware.

Economic classification

Loading the economic classification…

Business & Markets

Technology · Communication Equipment
What they do

NETGEAR, Inc. designs, manufactures, and sells networking hardware and related services for consumers, small and medium businesses, and service providers globally through two segments: Enterprise and Consumer.

How it earns

Primarily transactional revenue from product sales supplemented by value-added service offerings such as security, technical support, and parental controls.

Products & services
Wi-Fi routers
Home Wi-Fi mesh systems
Wi-Fi hotspots
Broadband modems
Wi-Fi gateways
Wi-Fi range extenders
Powerline adapters
Wi-Fi network adapters
Ethernet switches
Pro AV solutions
Cloud management and security services
Customers & end markets
Consumers
Small and medium businesses (SMBs)
Managed-service providers
Branch offices
Market position

A recognized provider and challenger in the consumer and SMB networking equipment market with a broad product portfolio.

Demand drivers
Medium cyclicality

Demand is influenced by technology upgrade cycles and consumer/business spending patterns on networking hardware.

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