Maybe you looked into the datasheet of the old v2? And then got delivered the new v3?
We stumbled over the same problem a few month ago, after buying a bunch of these in the new version. I thought: Newer is better... But apparently not so with Netgear products. :-(
Very confusing, what Netgear does with their product naming!
We did not. We specifically chose the v3 version for its lower latency in switching packets and other features unrelated to cloud management.