Sign in

    Logan Katzmar

    Research Analyst at Raymond James

    Logan Katzmar is an Equity Research Analyst at Raymond James, specializing in the coverage of technology and distribution sectors, with direct coverage of companies including Scansource Inc. He has built a reputation for rigorous financial analysis and insightful sector commentary on earnings calls, and has demonstrated performance through timely recommendations and sector margin analyses. Katzmar began his career at Raymond James and has maintained his position as an analyst while acquiring FINRA Series 7 and Series 63 securities licenses. His professional credentials and history are verified on FINRA BrokerCheck, and his coverage includes specialty technology, recurring revenue models, and hardware distribution trends.

    Logan Katzmar's questions to NETGEAR (NTGR) leadership

    Logan Katzmar's questions to NETGEAR (NTGR) leadership • Q4 2024

    Question

    Logan Katzmar of Raymond James inquired about the specifics of the NFB segment's supply constraints, the expected revenue seasonality for 2025, operational readiness for a potential TP-Link ban, key investment priorities following the recent restructuring, and any updates to the company's capital allocation strategy.

    Answer

    Executive Charles Prober explained that the supply issue, primarily affecting Pro AV managed switches, stemmed from mismatched forecasts and accelerated demand, with recovery expected by Q2 2025. He also noted that NETGEAR is making small supply investments in preparation for a potential TP-Link exclusion and is focusing 2025 investments on B2B go-to-market capabilities, software insourcing, and filling product gaps. Executive Bryan Murray detailed that 2025 revenue would see a seasonal Q1 dip due to the supply constraints and normal retail trends but expects sequential growth throughout the year. Prober confirmed capital allocation priorities remain organic investment, share repurchases, and disciplined M&A, and also announced a new three-segment reporting structure for 2025.

    Ask Fintool Equity Research AI