Inseego Corp. (NASDAQ:INSG) is set to post 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 announced its quarterly earnings data on Monday, August 7th. The technology company reported ($0.21) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.21). The company had revenue of $59.91 million during the quarter, compared to analyst estimates of $55.11 million. On average, analysts expect Inseego Corp. to post $-0.82 EPS for the current fiscal year and $-0.36 EPS for the next fiscal year.
Shares of Inseego Corp. (NASDAQ INSG) traded up 0.67% during trading on Tuesday, reaching $1.50. The company’s stock had a trading volume of 38,471 shares. Inseego Corp. has a 52-week low of $0.87 and a 52-week high of $3.23. The stock has a 50-day moving average of $1.22 and a 200-day moving average of $1.62. The stock’s market cap is $84.29 million.
A hedge fund recently raised its stake in Inseego Corp. stock. Vanguard Group Inc. increased its holdings in Inseego Corp. (NASDAQ:INSG) by 2.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,050,470 shares of the technology company’s stock after buying an additional 25,100 shares during the period. Vanguard Group Inc. owned 1.88% of Inseego Corp. worth $1,313,000 as of its most recent SEC filing. Institutional investors and hedge funds own 9.89% of the company’s stock.
INSG has been the subject of a number of analyst reports. Zacks Investment Research lowered Inseego Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, August 29th. Northland Securities set a $2.00 price objective on Inseego Corp. and gave the stock a “buy” rating in a research report on Monday, August 14th. Finally, Canaccord Genuity increased their price objective on Inseego Corp. from $1.25 to $1.50 and gave the stock a “hold” rating in a research report on Tuesday, August 8th.
About Inseego Corp.
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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