News Posts matching "NETGEAR"

Return to Keyword Browsing

NETGEAR Launches Two Gorgeous Ethernet Switches for Your Home or Office

NETGEAR, Inc., the leading provider of networking devices that power today's smart home and small and medium-sized businesses (SMBs), is growing its category of switching products for homes and small offices/home offices (SOHO). The NETGEAR 8-port Unmanaged Gigabit Switch (GS908) and the NETGEAR 8-port Smart Managed Plus Gigabit Switch with two USB Charging Ports (GS908E) are industry-first consumer-friendly switches with built-in cable management. The stylish and thoughtful design eliminates the unsightly tangle of cables, distracting lights and fan noise, enabling these new switches to be proudly displayed in full view for all to see.

Filled with a growing number of Internet-connected devices, the homes and offices of today would greatly benefit from -or even require- a direct, wired Ethernet connection. Devices that stream video perform better with a wired connection. Connected via Ethernet, high bandwidth devices will no longer place an undue burden on mobile devices utilizing WiFi on the network. Video streaming and high bandwidth devices include smart TVs, gaming consoles, streaming video players, network attached storage (NAS), VoIP telephone adapters, and some connected video security systems.

NETGEAR Announces the Nighthawk X10 AD7200 Router

Netgear, Inc., the leading provider of networking devices that powers today's smart home, introduced the Nighthawk X10 AD7200 Smart WiFi Router, the industry's first -and fastest- router for media streaming and instant backup. The Nighthawk X10 Smart WiFi router combines a powerful 1.70 GHz Quad Core processor - the fastest processor in a home router - and Quad-Stream Wave 2 WiFi architecture plus next generation high speed 802.11ad WiFi, so you can enjoy blazing-fast combined wireless speeds up to a furious 7.2 Gbps. The latest MU-MIMO technology supports simultaneous streaming, while 160 MHz doubles WiFi speeds to mobile devices. Four patent-pending external Active Antennas amplify Nighthawk X10 WiFi signals to maximize range and throughput.

"The superior capabilities of '802.11ad will greatly enhance the user experience when dealing with applications that require the transferring of large amounts of data. 802.11ad also provides approximately one-tenth the latency as compared to 802.11ac, which is absolutely critical for applications like virtual reality or augmented reality," said Michael Thelander, President of Signals Research Group.

Linksys Introduces the WRT3200ACM Router with Tri-Stream 160 Technology

Linksys today announced the next generation of its one and only WRT router -- the WRT3200ACM. The new Linksys AC3200 WRT Gigabit MU-MIMO Wi-Fi Router features Tri-Stream 160 technology creating the fastest Dual Band router available* and MU-MIMO technology for simultaneous Wi-Fi connections to multiple devices at the same time. It is open-source ready with OpenWrt or DD-WRT for complete flexibility and customization of networking functions or for optimizing the router for specific use cases, such as privacy, VoIP, and small office applications. The newly updated Linksys Smart Wi-Fi app allows users to manage and monitor their home or office Wi-Fi via the cloud from their mobile device, anytime, anywhere.

"We just made the WRT even more powerful, and equipped it with even more features as well as kept true to our word with Open Source support," said Vince La Duca, Linksys product manager. "Linksys WRT is all about making the best router in its class by using all enterprise-grade components and materials while delivering the fastest wireless experience. Our WRT3200ACM now includes MU-MIMO providing the latest AC wave 2 spec, adds DFS certification to use clear Wi-Fi channels for less interference, as well as support for Tri-Stream 160 technology. We have also increased the processor clock speed to 1.8 GHz, added up to 512MB DDR3 flash memory and kept the eSATA and USB ports WRT enthusiasts continue to appreciate."

NETGEAR Announces Wall-Plug WiFi Range Extender with 2.2 Gbps Bandwidth

NETGEAR, Inc., a global networking company that delivers innovative products to consumers, businesses and service providers, is launching the industry's first AC2200 wall-plug range extender with Multi-User MIMO (MU-MIMO) technology. The new NETGEAR Nighthawk X4 AC2200 WiFi Range Extender (EX7300) (www.netgear.com/EX7300) with MU-MIMO and Beamforming+ technology can expand the range of your existing WiFi router to cover up to 10,000 square feet, and enables you to simultaneously stream data to multiple devices at lightning-fast speeds up to 2.2Gbps.

The AC2200 WiFi Range Extender is the first wall-plug extender for the premium NETGEAR Nighthawk range of products. Along with its new sister wall-plug extender, the NETGEAR AC1900 WiFi Range Extender (EX6400), it represents an expansion of the NETGEAR family of easy-to-use WiFi Range Extenders for greatly enhanced network accessibility, range, and performance throughout your home for mobile connected devices. They are among the innovative products enabling the home network of the future that NETGEAR will highlight this week in its Marriott Las Vegas showroom during the 2016 International Consumer Electronics Show (CES).

NETGEAR Announces the Nighthawk X4S AC2600 Router

NETGEAR, Inc., a global networking company that delivers innovative products to consumers, businesses and service providers, is launching the new Nighthawk X4S AC2600 Smart WiFi Router (R7800) for people who value speed. Nighthawk X4S is an ideal router for fast-paced gaming hobbyists, as Nighthawk X4S not only delivers an extremely fast WiFi connection to any device, but 160MHz-capable mobile devices enjoy up to twice the throughput provided by other routers.

Nighthawk X4S is a CES Innovation Award honoree at this week's 2016 International Consumer Electronics Show for its advanced, industry-leading features supporting the outstanding Internet performance required for whole-home coverage in the connected home of today - and the smart home of tomorrow.

Netgear Introduces Quad-Mode Business-Class Wireless-AC Access Points

NETGEAR, a global networking company that delivers innovative products to businesses, consumers, and service providers, is launching two new quad-mode business-class 802.11ac wireless Access Points (AP) that support four different modes of management. The new ProSAFE WAC730 Business 3x3 Dual Band Wireless-AC Access Point and ProSAFE WAC720 Business 2x2 Dual Band Wireless-AC Access Point for small to mid-sized organizations (SMBs) are on view in Stand 20 of the IP EXPO Europe running today and tomorrow in the ExCeL London exhibition center.

The new ProSAFE Access Points currently operate in standalone mode or the new NETGEAR Ensemble Mode Management. Ensemble enables centralized configuration and management by the AP of up to 10 APs as a single group, without requiring additional hardware, licenses or support fees. This capability makes them a perfect solution for demanding, high-throughput environments, offering ultra-superior performance and extensive coverage in SMB, K-12, and hospitality deployments.

Netgear Introduces the Nighthawk X8 AC5300 Wi-Fi Router

Netgear, a global networking company that delivers innovative products to consumers, businesses and service providers, today introduced a WiFi router for your home that sets a new standard for speed, features and performance. The latest addition to the company's premium Nighthawk product line of WiFi routers, Nighthawk X8 AC5300 Smart WiFi Router (R8500) delivers astonishing Internet performance with combined WiFi speeds up to a blistering 5.3 Gbps (1000 Mbps + 2166 Mbps + 2166 Mbps), a new record for a home router. This quad-stream, tri-band router provides more Internet bandwidth for all the devices in your home, so everyone in the family can stream movies and music, download files, surf the web, share photos, and enjoy online gaming - simultaneously and without lag.

Engineered from the ground up with a stylish modern design, the Nighthawk X8 is performance perfected with the new Wave 2 AC WiFi. It is powered by an extremely powerful 1.4GHz dual core processor for faster connections; the industry's first, patent-pending Active Antennas to boost range; and three WiFi bands with quad-streams, 1024 QAM, and MU-MIMO capable for the fastest WiFi speeds. It also supports more wired connections with six Gigabit Ethernet ports including two that can be aggregated for faster file transfers. All told, the Nighthawk X8 pushes wireless performance and range to an extreme that is required for enabling your increasingly always-on networked life.

NETGEAR Launches Nighthawk X4S Router

NETGEAR, Inc., a global networking company that delivers innovative products to consumers, businesses and service providers, is launching its highest performance VDSL Modem Router with Nighthawk X4S AC2600 WiFi VDSL/ADSL Modem Router (D7800). With a dual-core 1.40 GHz processor and built-in DSL modem, it's the first DSL modem router on the market to support the latest Wave 2 WiFi technology with Quad-Stream on both bands as well as Multi-User MIMO-capability. Families with multiple Internet-enabled devices connecting simultaneously to DSL broadband will want to upgrade their WiFi router to the Nighthawk X4S to be able to enjoy its blazing-fast WiFi speeds, extended range, and overall improved streaming and gaming.

The Nighthawk X4S AC2600 WiFi VDSL/ADSL Modem Router provides a built-in fast DSL modem for broadband that is compatible with legacy ADSL, ADSL2 and ADSL2+ connections as well as lightning-fast VDSL and VDSL2 speeds. Its Gigabit Ethernet WAN port is compatible with any Internet service so that Nighthawk X4S also offers a future-ready upgrade to fiber/cable options.

NETGEAR Ratchets up Performance of New AC1750 Smart WiFi Router

NETGEAR, Inc., a global networking company that delivers innovative products to consumers, businesses and service providers, today expanded its portfolio of Smart Routers with the NETGEAR AC1750 Smart WiFi Router (R6400). A new design that includes high power amplifiers, external antennas and Airtime Fairness, combined with implicit and explicit Beamforming, boosts this router's WiFi performance at long range by up to 80 percent over the previous-generation NETGEAR AC1750 Smart WiFi Router, the R6300. Packed with user-friendly features such as new remote network management via the NETGEAR genie app and a SuperSpeed USB 3.0 port, it's a high performance, high value solution for large homes with an increasing number of wireless devices.

With AC1750 WiFi, Gigabit Ethernet speeds, and three high-powered external antennas, the NETGEAR AC1750 Smart WiFi Router offers ultimate performance and wireless coverage. It offers up to three times faster access than routers with 802.11n technology and more reliable streaming for home computers and WiFi mobile devices. This router delivers the fast speed and reliability needed for applications such as smooth, lag-free multiple HD video streaming, multi-player gaming, and a secure and reliable connection to the Internet.

Netgear Launches Nighthawk AC1900 Modem-Router

NETGEAR, Inc., a global networking company that delivers innovative products to consumers, businesses and service providers, has expanded its family of VDSL Modem Routers with Nighthawk AC1900 WiFi VDSL/ADSL Modem Router (D7000) with dual band WiFi and Gigabit Ethernet. This two-in-one device is a high performance router with an embedded DSL modem supporting ADSL/ADSL2/ADSL2+ and VDSL/VDSL2 speeds. It carries the Nighthawk name -the premium line of NETGEAR routers- reflecting its powerful dual-core 1GHz processor, extreme WiFi speeds and superior range for better streaming and gaming experiences. It is also the first AC1900 VDSL Modem Router to offer two SuperSpeed USB 3.0 ports for faster connections and twice the USB storage access.

The Nighthawk AC1900 WiFi VDSL/ADSL Modem Router provides a built-in fast DSL modem for broadband that is compatible with legacy ADSL, ADSL2 and ADSL2+ connections as well as lightning-fast VDSL and VDSL2 speeds. It offers a great solution to replace outdated or lower-performing equipment from your DSL provider. It also offers a Gigabit Ethernet WAN port for universal compatibility with any Internet service, making Nighthawk a logical choice for offering a future-ready upgrade to fiber/cable Internet service.

Netgear Announces EX3800 AC750 Wi-Fi Range Extender

NETGEAR, Inc., a global networking company that delivers innovative products to consumers, businesses and service providers, has added the new AC750 WiFi Range Extender with Extra Outlet (EX3800) to its growing product line-up of easy-to-use WiFi Range Extenders. The world's first AC750 wireless extender to offer a pass-through wall-plug design provides an effective way to fight WiFi dead zones without losing a power outlet.

The AC750 WiFi Range Extender boosts coverage of any existing WiFi network, giving you greatly enhanced network accessibility, range, and performance throughout your home for mobile connected devices such as smartphones, tablets, and laptops, as well as connected entertainment devices like smart TVs, gaming consoles, streaming players, and more. In addition to extending the range of your wireless home network, you can also use the AC750 WiFi Range Extender to create a WiFi access point.

NETGEAR Intros Two Next-Gen Powerline Network Adapter Kits

NETGEAR, Inc., a global networking company that delivers innovative products to consumers, businesses and service providers, is launching two networking adapter kits for next-generation Powerline technology that deliver up to 1.2 Gbps of speed for improved video streaming and gaming. Introduced at the 2015 International CES trade show, the new NETGEAR Powerline 1200 Adapter Kit (PL1200) is available now in the U.S. and in Europe later this month, while its sister device, the Powerline 1200 + Extra Outlet Adapter Kit (PLP1200) will ship in May. NETGEAR powerline adapters offer easy, plug-and-play setup to bring wired Internet access using existing electrical wiring to any room in your home without running long wires or drilling walls to install Ethernet cables, and are especially useful for home theater and home security systems.

Building construction such as brick, as well as distance from the wireless router or gateway, can cause your home to work against your wireless network. Powerline technology is ideal for reliably extending your Internet connection through multiple walls and even at long distances to any room of your home to get the best network coverage possible. Compliant with the HomePlug AV2 standard, the two new NETGEAR Powerline 1200 adapters double the performance over previous generation Powerline adapters while delivering expanded whole-home coverage. Enabled by multiple simultaneous data streams (MIMO) with Beamforming technology, NETGEAR Powerline 1200 adapters deliver gigabit speed at even longer distances, ideal for 4K video streaming, lag-free online gaming, or whole-home video monitoring.

NETGEAR's New ReadyNAS OS Offers Industry-Leading 5 Levels of Data Security

NETGEAR, Inc., a global networking company that delivers innovative products to consumers, businesses, and service providers, is releasing a new version of its groundbreaking ReadyNAS operating system (OS 6.2) for its ReadyNAS family of desktop and rack-mount Network Attached Storage (NAS) devices.

ReadyNAS customers already enjoy an advanced, easy-to-use storage solution for centralizing and accessing digital files such as photos, music, videos and documents. Designed for both home and small- and medium-sized business (SMB) users, the new ReadyNAS OS offers improvements in data protection, backup, sync, and cloud-based usability. ReadyNAS OS 6.2 can be downloaded now at no charge from the device graphical user interface (GUI) or NETGEAR support website to any current-generation ReadyNAS device.

Netgear Announces New Nighthawk X4 R7500 Smart WiFi Router

NETGEAR, Inc., a global networking company that delivers innovative products to consumers, businesses and service providers, is launching the Nighthawk X4 AC2350 Smart WiFi Router (R7500), an addition to its award-winning Nighthawk family of 802.11ac routers. The Nighthawk X4 WiFi Gigabit Router with support for Quad-stream WiFi Architecture delivers the fastest dual-band 802.11ac speed and performance for high intensity gaming, streaming and mobile connectivity.

The Nighthawk X4 is capable of a blistering 2.33 Gbps combined network speed (up to 1733 Mbps* on the 5.0 GHz band + 600 Mbps* on the 2.4 GHz band). It has a powerful 1.4 GHz dual core processor, based on the Qualcomm Internet Processor, that provides unprecedented processing power to enable better multi-tasking performance. The X4 is also powered by the Quantenna 802.11ac Wave 2, 4x4, MU-MIMO (Multi-User MIMO) WiFi solution to maximize wireless performance.

NETGEAR Ships the Nighthawk X6 AC3200 Tri-Band Wireless Router

NETGEAR, Inc., a global networking company that delivers innovative products to consumers, businesses and service providers, has once again set a new industry standard for router performance by adding to its award-winning Nighthawk family of 802.11ac routers. The new Nighthawk X6 AC3200 Tri-Band WiFi Router (R8000) (www.netgear.com/R8000) is the first tri-band WiFi router available for purchase incorporating the powerful new Broadcom 5G WiFi XStream platform.

With six high-performance antennas and three network bands, one 2.4 GHz and two 5 GHz, the Nighthawk X6 delivers the industry's fastest combined WiFi speed, up to 3.2 Gbps (1300+1300+600 Mbps). It balances the network load to ensure the best WiFi performance for each device and deliver the maximum wireless range available today.

NETGEAR Reports First Quarter 2014 Results

NETGEAR, Inc., a global networking company that delivers innovative products to consumers, businesses and service providers, today reported financial results for the first quarter ended March 30, 2014.

Net revenue for the first quarter ended March 30, 2014 was $349.4 million, as compared to $293.4 million in the first quarter ended March 31, 2013, and $356.6 million in the fourth quarter ended December 31, 2013. Net income, computed in accordance with GAAP, in the first quarter of 2014 was $14.4 million, or $0.39 per diluted share. This compared to GAAP net income of $15.3 million, or $0.39 per diluted share, in the first quarter of 2013, and GAAP net income of $11.4 million, or $0.30 per diluted share, in the fourth quarter of 2013.

NETGEAR Launches Most Advanced Cable Gateway Available for Service Providers

NETGEAR, Inc., a global networking company that delivers innovative products to consumers, businesses and service providers, has introduced the NETGEAR DOCSIS 3.0 AC1900 Voice and Data Cable Gateway (C7000B). The C7000B offers cable broadband service providers the fastest gateway available with WiFi speeds up to 1900 (600+1300) Mbps and DOCSIS speeds of up to 1 Gigabit per second.

The NETGEAR C7000B raises the bar with its incredibly fast WiFi. It gives service provider subscribers the power to wirelessly connect to all of their mobile devices, including smartphones and tablets, as well as fixed devices such as smart TVs, faster than ever before. Enhancing the ultra-fast WiFi connection for end-users is the addition of explicit and implicit Beamforming+. Unique to NETGEAR, Beamforming+ directs a WiFi "beam" to each device, creating a better, more consistent connection; the inclusion of implicit Beamforming enables Beamforming technology to be supported even on legacy client devices.

NETGEAR Launches Two New Cable Modem Routers

NETGEAR, Inc., a global networking company that delivers innovative products to consumers, businesses and service providers, is adding two new cable modem routers to its growing family of cable products: the N600 Dual-Band WiFi Cable Modem Router (C3700) and the N300 WiFi Cable Modem Router (C3000). These two-in-one devices integrate a DOCSIS 3.0 cable modem for faster Internet access and an N300/N600 high-speed 802.11n WiFi router together in one space-saving device. Supporting the NETGEAR genie app, the cable modem routers enable you to simplify installation and management while supercharging your cable Internet connection to enjoy smoother streaming of HD videos, movies and music, more responsive online gaming, and faster file downloads. After you set up one of these cable modem routers, you'll be able to take advantage of the new, faster broadband speeds that cable providers are offering while eliminating monthly modem rental fees from your cable bill.

The new cable modem routers integrate an 802.11n WiFi router with a built-in high-speed 8x4 CableLabs-certified DOCSIS 3.0 cable modem. DOCSIS 3.0 is the next generation of Data Over Cable Services Interface Specification (DOCSIS), an international standard that enables cable operators to deliver significantly faster data speeds to your home. A DOCSIS 3.0 8x4 cable modem offers download speeds up to 340 Mbps*, eight times faster than the previous version, DOCSIS 2.0. Both of the two new cable modems support eight download and four upload channels simultaneously, which is ideal for HD video streaming, fast downloads, and high-speed online gaming.

NETGEAR Reports Fourth Quarter and Full Year 2013 Results

NETGEAR, Inc. (NASDAQ: NTGR), a global networking company that delivers innovative products to consumers, businesses and service providers, today reported financial results for the fourth quarter and full year ended December 31, 2013.

Net revenue for the fourth quarter ended December 31, 2013 was $356.6 million, as compared to $310.4 million for the fourth quarter ended December 31, 2012, and $361.9 million in the third quarter ended September 29, 2013. Net income, computed in accordance with GAAP, for the fourth quarter of 2013 was $11.4 million, or $0.30 per diluted share. This compared to GAAP net income of $16.1 million, or $0.41 per diluted share, for the fourth quarter of 2012, and GAAP net income of $14.5 million, or $0.37 per diluted share, in the third quarter of 2013.

NETGEAR Announces Two New AC WiFi Range Extenders

NETGEAR, Inc., a global networking company that delivers innovative products to consumers, businesses and service providers, today announced the availability of two new WiFi range extenders that are also 2014 CES Innovations Award honorees. NETGEAR AC750 WiFi Range Extender (EX6100) (www.netgear.com/ex6100) and AC1200 High Power WiFi Range Extender (EX6200) (www.netgear.com/ex6200) are ideal for delivering next-generation WiFi performance for the new mobile devices demanding WiFi throughout the home. Both extenders support older a/b/g/n WiFi devices while providing additional performance to the latest 802.11ac WiFi devices.

The NETGEAR AC750 WiFi Range Extender and AC1200 High Power WiFi Range Extender have been recognized by the Consumer Electronics Association (CEA) for outstanding design and exceptional engineering in the home networking category. Both extenders will be highlighted in the Innovations Showcase of the 2014 International CES event in Las Vegas this week.

NETGEAR Launches World's Fastest Desktop Network Attached Storage Device

NETGEAR, Inc., a global networking company that delivers innovative products to consumers, businesses and service providers, today announced ReadyNAS 716 (RN716X). A 10GE-ready addition to the award-winning ReadyNAS product family, ReadyNAS 716 is the world's fastest desktop network attached storage (NAS) device. With a maximum capacity of 24 TB (up to 84 TB with expansion chassis), the six-bay ReadyNAS 716 enables easy storage and extreme throughput for businesses and campus environments supporting up to 500 concurrent users. Providing up to 10GE throughput, ReadyNAS 716 is also the only NAS on the market today capable of simultaneously streaming multiple large uncompressed Blu-ray files.

Earlier this spring, NETGEAR introduced a new portfolio of ReadyNAS devices, running on the revolutionary ReadyNAS operating system (OS), that delivers high value, high performance storage with enterprise-class features. The custom-built ReadyNAS OS not only protects stored data with X-RAID2 automatic expansion, but also features continuous data protection through unlimited snapshots, easy disaster recovery with cloud-managed replication, and native threat protection with real-time anti-virus. Each NAS device was created with ease-of-use in mind, so business users can confidently centralize, share, and back up all the data on their network.

OCZ Technology Reports Results for Its First Quarter of Fiscal 2014

OCZ Technology Group, Inc. (NASDAQ: OCZ), a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, reports its first quarter (Q1'14) results which ended on May 31, 2013. "Revenue generated from our enterprise solutions for the first quarter more than doubled compared to the last quarter, and drove the sequential gross margin increase. Overall revenue declined about 20% sequentially, primarily due to the lack of NAND flash supply for our client SSD products," said Ralph Schmitt, CEO of OCZ Technology.

"Over the past year we have restructured the Company, which included the appointment of new leadership, reduced operating expenses, streamlined our product offerings, realigned our engineering talent, and introduced new controller silicon and firmware, new higher-end SSDs for the client market and new storage solutions for the enterprise market," added Schmitt. "Fiscal Q1 is the first quarter in which the company operated with all these particular restructuring and restatement adjustments behind us."

NETGEAR Introduces the Nighthawk AC1900 WiFi Router

NETGEAR, Inc., a global networking company that delivers innovative products to consumers, businesses and service providers, has launched its newest dual-band 802.11ac wireless router, Nighthawk AC1900 Smart WiFi Router (R7000). Soaring above the competition to provide the best performance with the world's fastest Gigabit WiFi speed, Nighthawk combines a powerful 1 GHz dual core processor with a SuperSpeed USB 3.0 port and NETGEAR Beamforming+ to boost speed, reliability and range for unmatched connectivity in the home.

Nighthawk's blazing-fast combined WiFi connection speeds up to AC1900 WiFi (600 +1300 Mbps) make it ideal for bandwidth-hungry activities such as online gaming, video streaming, and for supporting the increasing number of mobile WiFi devices in the home. High-power WiFi amplifiers and three external antennas provide outstanding coverage around the home, inside and out - even in the garage and back yard. Wireless HD streaming can be enjoyed at its best thanks to Nighthawk features such as downstream Quality of Service, Beamforming+ and built-in iTunes server compatibility.

Netgear Rolls Out New ReadyNAS Rackmount Devices

NETGEAR, Inc., a global networking company that delivers innovative products to consumers, businesses and service providers, today announced ReadyNAS 3220 and ReadyNAS 4220, powerful new additions to the award-winning ReadyNAS product family (www.netgear.com/readynas). The new devices are the latest network-attached-storage (NAS) products to run on the revolutionary ReadyNAS OS, introduced in March 2013, that delivers high value, high performance storage with enterprise features to small and medium-sized businesses (SMB). Available for the first time in 2U rackmount form with 12-bay capacity, the new ReadyNAS 3220 and 4220 enable easy storage for businesses supporting up to 500 concurrent users.

NETGEAR has taken features and capabilities previously available only from expensive, large-enterprise vendors and dramatically simplified deployment and manageability to provide SMBs with affordable, powerful, and reliable NAS storage. ReadyNAS 3220 and 4220 feature a sleek new interface and the ReadyCLOUD web portal for full file management from any browser. Moreover, the newest members of the portfolio are the highest performing ReadyNAS solutions available and support 10GbE infrastructures, boast the latest in performance capability, and include innovative technologies such as unlimited snapshots and cloud-managed replication for dramatically reducing any possibility of data loss. Each device is virtualization-ready with iSCSI support, thin provisioning capability, and certification for interoperability with VMware and Microsoft - powerful tools for businesses taking advantage of virtual infrastructures.

OCZ Announces Preliminary 1Q14 Financials

OCZ Technology Group, Inc. (NASDAQ: OCZ), a leading provider of high-performance solid-state drives (SSDs) and power management solutions for computing devices and systems today announces selected preliminary financial results for the first quarter ended May 31, 2013, subject to customary closing and audit procedures.
Preliminary revenue for the first quarter of fiscal 2014 is estimated to be between $50 and $55 million. The sequential decrease in revenue was primarily due to the continued tight supply of NAND flash. The Company's revenue mix continued to shift towards the mainstream and higher-end client markets, as well as enterprise and OEM solutions as the Company continued to focus on these end markets. At the end of the quarter there was an additional $23 million of shippable backlog that was unrealized in the quarter due to supply constraints.

Gross margin continued to improve and is estimated to be between 17% and 20% for the first fiscal quarter as revenue generated from our Enterprise solutions increased sequentially. The Company continued to reduce its operating expenses by further reducing non critical spending. The Company's break-even level continues to improve due to these actions. Operating expenses for the first quarter are estimated to be between $20 and $22 million, which include restatement related expenses of approximately $1.5 million and stock compensation charges of approximately $2 million. Cash flow improved as we reduced our quarterly cash usage to approximately $6 million in the quarter. Cash ended the quarter between $6 and $7 million with total debt outstanding of $10 million. The Company expects that it will require access to additional capital which it is currently in the process of securing.
Return to Keyword Browsing