Inseego Corp. (INSG) to Release Earnings on Thursday
Inseego Corp. (NASDAQ:INSG) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, November 2nd. Analysts expect Inseego Corp. to post earnings of ($0.20) per share for the quarter.
Inseego Corp. (NASDAQ:INSG) last released its quarterly earnings data on Monday, August 7th. The technology company reported ($0.21) EPS for the quarter, meeting analysts’ consensus estimates of ($0.21). The company had revenue of $59.91 million during the quarter, compared to the consensus estimate of $55.11 million. On average, analysts expect Inseego Corp. to post $-0.35 EPS for the current fiscal year and $0.03 EPS for the next fiscal year.
Shares of Inseego Corp. (NASDAQ INSG) opened at 1.40 on Thursday. The company’s market cap is $78.67 million. The company has a 50-day moving average price of $1.22 and a 200-day moving average price of $1.62. Inseego Corp. has a 12-month low of $0.87 and a 12-month high of $3.23.
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Several research analysts have commented on the company. Canaccord Genuity lifted their target price on Inseego Corp. from $1.25 to $1.50 and gave the stock a “hold” rating in a report on Tuesday, August 8th. Zacks Investment Research raised Inseego Corp. from a “strong sell” rating to a “hold” rating in a report on Monday, October 16th. Finally, Northland Securities reaffirmed a “buy” rating and set a $2.00 target price on shares of Inseego Corp. in a report on Sunday, October 1st.
An institutional investor recently raised its position in Inseego Corp. stock. Vanguard Group Inc. boosted its stake in shares of Inseego Corp. (NASDAQ:INSG) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,050,470 shares of the technology company’s stock after buying an additional 25,100 shares during the quarter. Vanguard Group Inc. owned approximately 1.88% of Inseego Corp. worth $1,313,000 as of its most recent SEC filing. 9.89% of the stock is currently owned by institutional investors.
Inseego Corp. Company Profile
Novatel Wireless, Inc is a provider of intelligent wireless solutions for the mobile communications market. The Company’s range of products includes intelligent mobile hotspots, universal serial bus (USB) modems, embedded modules, integrated asset-management and mobile tracking machine-to-machine (M2M) devices, communications and applications software and cloud services.
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