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Netgear: Don’t Worry, Amazon ‘Cam’ Appeal Limited, Says Global Equities

Nether stock declined $2.45, or almost 5%, to close at $47.85.

In response, Trip Chowdhry of Global Equities, who has been fairly bullish on Netgear’s Arlo prospects, wrote that investors shouldn’t be concerned because the Amazon device “has limited customer appeal and usefulness."

Chowdhry writes that he’s been anticipating the Amazon offering, and that there’s “nothing new” in today’s news.

Moreover, he sees the two products going after different markets:

Cloud Cam and Arlo have completely different use case - Zero Overlap. Main use case for AMZN Cloud-Cam is Tracking AMZN Deliveries at home, and not Smart monitoring which NTGR Arlo does. AMZN Cloud Cam is tethered to a power outlet. NTGR Arlo main use case is Smart Monitoring. Arlo is Wire Free and has both Day and Night Vision Intelligence. It has exponential customer appeal. AMZN Cloud Cam is the Competition to the "Others Category" NEST, ADT, Ring, Samsung, Panasonic. Both are validating the $20 Billion Vision Intelligence Market but NTGR Arlo will continue to disproportionately capture the $20 Billion market, because of its Integrated (Hardware + Software + Cloud + Artificial Intelligence + Subscription) offering, and its extremely fast execution and innovation velocity.

Note Netgear shares tonight slumped on its Q3 earnings report, despite the company saying it had “stellar” results for the Arlo products, which now make up about a third of its revenue.


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