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SAN JOSE - Netgear Inc. (NASDAQ:NTGR) has appointed Jonathan Oakes as Senior Vice President and General Manager of Home Networking, the company announced Tuesday. The appointment comes as the company’s stock shows remarkable momentum, having delivered a 98% return over the past year and currently trading near its 52-week high of $31.55.
In his new role, Oakes will oversee Netgear’s home networking business, including hardware, software, and subscription services. He brings over two decades of experience in consumer product development from companies including Google, Fitbit, Amazon, and Hewlett-Packard. According to InvestingPro data, Netgear maintains a strong financial position with a current ratio of 2.99 and holds more cash than debt on its balance sheet.
"Jonathan is a proven leader with a strong track record of driving innovation and inspiring high-performing teams," said CJ Prober, Netgear CEO, according to the company’s press release.
Oakes previously led Product Management and User Experience for Google’s Wearables and Health group following the acquisition of Fitbit, where he worked on products like the Pixel Watch and Fitbit Versa. He also led Product Management for Amazon’s Kindle eReaders and Kindle Fire Tablets.
At Netgear, Oakes will focus on four key pillars: customer experience, solving for demanding environments, security and privacy, and industry partnerships.
"I’m excited to join Netgear at such a pivotal moment both for the company and the industry," Oakes said in the statement.
Netgear, founded in 1996 and headquartered in the USA, develops networking technologies for businesses, homes, and service providers. The announcement comes as part of the company’s ongoing transformation efforts in its product development strategy.
In other recent news, NETGEAR Inc. reported a strong start to 2025, exceeding expectations for its first-quarter earnings. The company posted an earnings per share of $0.02, outperforming the anticipated loss of $0.37, and achieved a revenue of $162.1 million, surpassing the forecasted $152.24 million. This performance was bolstered by strategic acquisitions and operational restructuring, contributing to a non-GAAP gross margin increase to 35%. In a strategic move, NETGEAR announced its acquisition of Exium, a cybersecurity firm, to integrate a Secure Access Service Edge (SASE) platform into its offerings, enhancing its cloud-based networking and security solutions for small and medium enterprises. The acquisition aligns with NETGEAR’s strategy to provide simplified, reliable networking solutions and is expected to complement its Insight cloud management platform. The transaction is subject to customary closing conditions and is anticipated to be completed by the end of Q2 2025. Additionally, the company has been navigating a challenging market with geopolitical advantages, as it does not manufacture in China and its products are exempt from tariffs. Analyst firms have noted the company’s strategic positioning and market opportunities, particularly with the acquisition of VOG Systems, which bolsters NETGEAR’s software development capabilities.
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