Netgear, Inc. shares rise 2.60% premarket after beating Q2 revenue expectations.

Netgear, Inc. rose 2.60% in premarket trading, with the company beating Q2 revenue expectations and expanding its WiFi 7 Orbi portfolio with the launch of the Orbi 370 Series, its most affordable WiFi 7 mesh system. Additionally, Netgear announced the acquisition of Exium Inc. and the appointment of Jonathan Oakes as Senior Vice President of Home Networking.