Shareholders in Inseego Corp. (NASDAQ:INSG) may be thrilled to learn that the analysts have just delivered a major...
Inseego Corp. (Nasdaq: INSG) (the "Company"), a pioneer in 5G and intelligent IoT device-to-cloud solutions, today reported its results for the first quarter ended March 31, 2020. The Company reported first quarter revenue of $56.8 million, reflecting year-over-year growth of 17.1%, GAAP operating loss of $7.7 million, GAAP net loss of $18.2 million, GAAP net loss of $0.20 per share, negative adjusted EBITDA of $1.7 million and non-GAAP net loss of $0.06 per share. Cash and cash equivalents at quarter end was $30.5 million.
Companies In The News Are: CEMI, DPW, MEDS, INSG
Shareholders in Inseego Corp. (NASDAQ:INSG) had a terrible week, as shares crashed 30% to US$4.09 in the week since...
Where is the bottom? This is a question most investors would like the answer for, in these volatility charged times. It is impossible to know, although National Securities’ chief market strategist Art Hogan believes that before coronavirus cases will peak in the US, the bottom will be in for stocks. The analyst expects US markets to stabilize, once the peak is reached in Italy, because by then, investors will know what to expect. “Then,” Hogan said, “You see the other side of the valley.”With this in mind, the analysts at National Securities have been evaluating some beaten down names under the firm’s coverage, and we have followed suit.Here are three stocks the investment firm believes are going for cheap right now. We used TipRanks’ data to find out what the rest of the Street makes of the choices. As it happens, all currently boast Strong Buy consensus ratings and, what’s more, all are forecast to add at least 60% of muscle in the year ahead. Let’s check them out.Inseego Corp (INSG)The new narrative written by coronavirus has altered the plot for a large amount of publicly traded companies. You can firmly place IoT specialist Inseego in this bracket. By the start of 2020, the company's share price had appreciated by more than 250% over the preceding two years. As with the broader market, the last 30 days have pulled the stock back significantly. Year-to-date INSG has declined by 30%, roughly in line with the S&P 500’s fortunes.The Street has high expectations for the IoT sector, and has evidently been backing Inseego. The company’s IoT solutions power fleets, devices, and assets. With 5G ramping up, 20 trials currently in place with leading carriers and a large pipeline to boot, the company is at the forefront of the new paradigm. But as with many growth-oriented companies, Inseego operates at a loss.The company’s latest quarterly statement was soft on a number of metrics. EPS came in at -$0.10, below the Street’s call for- $0.8. Revenue fell year-over-year by 6.6% to $52.3 million, although the figure did beat the estimate by $0.42 million.National Securities’ Matthew Galinko remains firmly in the 5G specialist’s corner. The 5-star analyst said, “INSG continues to build a pipeline of customers trialing its second generation 5G devices expected to launch in 2H:20. If successful, we believe the company will capture a growth cycle, drive a more profitable product mix, and significantly diversify the customer base.”Therefore, Galinko upgrades Inseego from Neutral to Buy while keeping his $6.50 price target in place. The figure represents possible upside of 28%. (To watch Galinko’s track record, click here)It appears the Street is unanimous in its current sentiment toward INSG. A Strong Buy consensus rating breaks down into 6 sole Buy ratings. At an average price target of $8.60, the upside potential is a strong 70%. (See Inseego stock analysis on TipRanks)AgroFresh Solutions (AGFS)A glance at AgroFresh Solutions’ fortunes in the market in 2020 makes for uncomfortable viewing. The microcap is down by a vicious 55% year-to-date. The performance is an extension of 2019, when despite the market’s exuberance, AGFS stock was left out of the party, shedding 30% over the year. So, after such a prolonged decline, are there any there any blue skies on the horizon for the produce freshness-solutions company?There are, according to National Securities’ Ben Klieve. The analyst contends it all depends on debt financing. AGFS ended FY19 with $29 million in cash and $403 million in debt, which mostly needs to be paid back by July 2021. According to company management, there are currently a few options in place, and refinancing should be done by June 30. “We believe the weakness seen in share prices over the last 24 months has been due to the debt position, and as such we believe completion of the refinancing can be a significant catalyst for the stock,” said Klieve.What stands AgroFresh in good stead, too, is its lack of exposure to China in its supply chain. All the company’s produce is sourced domestically, which means the operations and financials shouldn’t be impacted by the coronavirus.Klieve added, “While we make no attempt to time the bottom of the market in the current environment, we believe AGFS is an attractive candidate for a significant rebound when markets stabilize given its stable financial outlook, the debt refinancing catalyst and current multiples.”Accordingly, Klieve reiterates a Buy on AGFS, along with a price target of $5.5. Investors can expect returns in the shape of a humongous 378%, should the target be met over the next 12 months. (To watch Klieve’s track record, click here)Only two other analysts have thrown the hat in with a view on the fresh produce specialist over the last three months, although both agree with Klieve, and publish Buy ratings. Therefore, AGFS receives a Strong Buy consensus rating. The average price target is, like Klieve’s, $5.5. (See AgroFresh stock analysis on TipRanks)Identive Group (INVE)Identive provides physical security and secure identification to clients in various sectors, including banking, healthcare, and government, amongst others. The company operates through two main segments: Identity and Premises.2020 hasn’t been much kinder to the security software specialist than it has been to AgroFresh. The fellow microcap’s share price is down by 47% year-to-date.A light recent quarterly report hasn’t helped, either. Revenue of $19 million, indicated a year-over-year decline of 11% and came in 18% lower than the prior quarter’s figure. Although, on the positive end of the scale, revenue for FY19 increased by 7% to a record $83.8 million, while sales from the Premises segment grew by 20% to $41.6 million. Software and Services came in at $11.3 million, an increase by 27%.Although National Securities’ Matthew Galinko (who also covers Inseego) admits the results “continue to be somewhat lumpy and difficult to predict,” the 5-star analyst argues “the mix of software and recurring revenue should climb in the coming quarter and years.” The analyst also notes that management “tweaking the cost structure” alongside a trend of revenue scaling up, while keeping expenses under control, should provide Identive with “strong expansion to the bottom line.”But, what does it mean for investors? Gailnko reiterates a Buy, alongside a $6 price target. From current levels, the upside potential comes in at a handsome 103%.With three additional Buy ratings provided by Street analysts over the last 3 months, the consensus is that the security software specialist is a Strong Buy. Investors could be taking home a massive 168% gain, should the average price target of $7.75, be met over the coming months. (See Identiv price targets and analyst ratings on TipRanks)
Inseego Corp. (Nasdaq: INSG) (the "Company"), a pioneer in 5G and intelligent IoT device-to-cloud solutions, today announced that it has commenced an underwritten public offering (the "Offering"), subject to market and other conditions, of an aggregate of $100.0 million in principal amount of its convertible senior notes due 2025 (the "Notes"). The Company expects to grant the underwriters a 30-day option to purchase up to an additional $15.0 million in aggregate principal amount of the Notes in connection with the Offering, solely to cover over-allotments.
Inseego Corp. (Nasdaq: INSG) today announced that it is ramping up production of its 4G and 5G MiFi® mobile hotspots and other wireless connectivity devices in response to record increases in demand for reliable, secure home internet access.
In the latest trading session, Inseego (INSG) closed at $5.15, marking a -0.39% move from the previous day.
As the private and public sector are mandating quarantine policies including work-from-home, distance learning and telehealth to limit the spread of COVID-19, Inseego Corp. (Nasdaq: INSG), the company that invented MiFi® mobile hotspot devices, provides a robust portfolio of mobile hotspots, USB modems, routers and phone line hubs that provides workers and families with access to secure and reliable connectivity.
By now, the coronavirus isn’t news. We all know what’s going on, even if we’re not quarantined or languishing in lockdown. COVID-19, spreading in a global pandemic, has struck markets with a hammer blow, and the main indexes remain down at least 29% from their February highs.Investors are confused. We’ve seen bouts of panic selling, along with sporadic purchase activity by insiders, and there has been no consistency in stocks’ reactions to the news cycle.Still, there are some sectors that are likely to keep bring returns for investors long-term. Among the chief of these are tech stocks, especially those connected to the ongoing – and accelerating – 5G rollout. This is the cutting edge of wireless digital tech, the thin end of the wedge for mobile technology, and even in today’s bear market conditions, the tech stocks involved in 5G are likely to see profits. And that means returns for investors.We’ve used the TipRanks database to pull up three such stocks; all are Buy-rated, and boast 40% or higher upside potential. Let’s take a closer look.Marvell Technology Group (MRVL)We’ll start with one of the smaller semiconductor chip makers. Marvell is a Silicon Valley company, with a $13.9 billion market cap and fiscal 2019 profits of $179 million on $2.86 billion in revenues. The company has facilities in 14 countries.In the past year, Marvell flexed its muscle in two important corporate acquisition; the chipmaker acquired to rivals, Avera and Aquantia, in cash deals that cleared away competition and gave the company a smoother path forward. Marvell has also partnered with both Korean tech giant Samsung and Finnish handset maker Nokia on 5G processor chips, in moves described as ‘major wins’ for Marvell.In the Nokia arrangement, the Finnish handset maker said that it engaged with Marvell “to solve its 5G chip problems,” a clear endorsement of Marvell’s industry reputation. And Samsung is one of the world’s largest smartphone manufacturers – securing a position to supply the company’s 5G compatible chips, in advance of the device rollout cycle, puts Marvell in a strong competitive position against its peers.In Q4 2019, Marvell reported revenue and EPS both below the year-ago figures – but beat the quarterly forecasts. Revenue, at $717.7 million, was almost 1% better than expected, while EPS, at 17 cents, was a full 6.25% above the estimates. Beating the estimates was a welcome change from Q3’s miss, and the success was attributed to the partnerships with OEMs Samsung and Nokia. Securing the supplier relationships with two major OEMs puts Marvell in a solid position to gain as new 5G handsets and devices hit the market.Marvell has received warm reviews from two 5-star analysts in recent weeks. Writing or Rosenblatt Securities, Hans Mosesmann gives the stock a Buy rating with a price target of $32, which implies an upside of 68%. (To watch Mosesmann’s track record, click here)Backing his stance, Mosesmann says, “Impressive execution even with the expected COVID-19 headwind (5% hit to the 1Q guide), as the company continues to accelerate 5G content and share within Samsung and a highly multi-year 5G engagement with Nokia. We see no other silicon player that has the broad processor/baseband/networking portfolio, IP, customization, and S/W compatibility capabilities that Marvell has…”Also bullish is Oppenheimer’s Rick Schafer. Schafer’s $30 price target suggests room for 55% upside growth in support of a Buy rating.In his comment on the stock, Schafer writes, “Acquisitions of Aquantia and Avera further bolster MRVL’s position in automotive and networking. MRVL’s emerging growth story, led by 5G infrastructure builds takes root this year. Beyond 5G, we see the next leg of greenfield growth led by automotive connectivity.” (To watch Schafer’s track record, click here)Overall, Marvell gets a Moderate Buy rating from the analyst consensus, based on a total of 15 reviews. These reviews include 12 Buys and 2 Hold, along with a single Sell. Shares are priced low for a high-end tech company, at $19.34, and the $29.14 average price target indicates a 50% upside potential. (See Marvell’s stock analysis at TipRanks)Skyworks Solutions (SWKS)Our next company, Skyworks, has suffered recently as its fortunes are closely tied to Apple’s. This mid-cap semiconductor company is a major supplier for Apple’s iPhone line, and has seen its own fortunes decline since the giant admitted that Q2 earnings will not meet expectations in the wake of the coronavirus epidemic. The extent of Skyworks’ dependence on Apple is clear from a single statistic: in fiscal 2019, the chip company made 51% of its total revenue from sales to Apple.While partly a weakness, this link to Apple also gives Skyworks a clear entry into the 5G chip market. The company’s products will power the new 5G iPhones – and makes Skyworks the supplier for an end-user base over 900 million strong, and loyal to their iPhones. It’s a solid foundation for Skyworks.Still, the share price is down. But – that fall in share price may be an opportunity to buy cheap now. Skyworks has lowered guidance of fiscal Q2 revenue and earnings, in a move that parallel’s Apples. The chip maker, however, has an advantage over Apple, in that it’s major manufacturing facilities are located in the US, and so are immune to both coronavirus trade disruptions and US-China tariff issues. This puts Skyworks on firm foundation to ramp up production when market conditions return to normal.That ‘return to normal’ is seen as likely in 2H20, as 5G is coming, and will not be long delayed. Apple will be introducing 5G compatible iPhones, and Skyworks is positioned as the prime supplier of chips for the devices.Michael Walkley, 5-star analyst with Canaccord Genuity, sees a clear path forward for Skyworks. He writes, in a comment published earlier this month, “We anticipate a strong recovery in Mobile Products starting in 2H/C20 with the 5G rollout on track driving increased dollar content along with the seasonal ramp for Apple’s anticipated 5G lineup…”Walkley’s $125 price target implies an upside of 57% for the coming 12 months, and support his Buy rating on this stock. (To watch Walkley’s track record, click here)Skyworks’ Moderate Buy consensus rating is based on no fewer than 16 Buy-side reviews, which overbalance the 6 Holds the stock has also received. SWKS sells for $83, and the $128.79 average price target suggests that the stock has room for 55% growth going forward. (See Skyworks stock analysis on TipRanks)Inseego Corporation (INSG)We end this list with Inseego, a specialist in industrial internet mobile connection systems. The company provides the advanced modems and routers that IoT demands, especially for building device-to-cloud connections. The Internet of Things is a niche that is bound to expand as the improved latency of 5G networks comes on-line.Along those lines, Inseego did state in the recent Q4 report that it has 5G trials in progress with 20 mobile operators around the world. The comment was distressingly non-specific; however, management did reveal that INSG realized $11 million in revenue from 5G initiatives during the quarter, in North America, Europe, the Middle East, and the Asia-Pacific regions.In other Q4 results, INSG saw a deeper loss than expected, at 10 cents per share. Revenues came in at $52.33 million, in line with estimates but down 6.6% year-over-year. On a positive note, the company’s balance sheet improved, as it reduced debt by some $60 million. Also positive was a capital infusion from Mubadala, worth $25 million. The new capital helps support INSG as it moves forward on its 5G plans.Canaccord analyst Walkley, quoted above, reviewed Inseego, as well, and said of the company’s forward path, “We believe Inseego will deliver very strong 2H/2020 and C2021 growth as global carriers launch 5G networks and ramp volumes of Inseego’s growing product portfolio of X55 powered 5G products. As evidenced by the company’s 20 active 5G trials, Inseego’s growing sales team continues to build an impressive pipeline of new opportunities.”Walkley puts a $7.50 price target on this stock, implying an impressive 32% upside from current price levels. He adds a Buy rating, believing that now is the time to buy into Inseego. (To watch Walkley’s track record, click here)Inseego has a unanimous analyst consensus rating, a Strong Buy based on 6 Buy-side reviews set in recent weeks. Shares are priced at $5.69, and have an average price target of $8.60. This suggests that the stock has room for 52% growth in the next 12 months. (See Inseego stock analysis at TipRanks)
Inseego Corp. (Nasdaq: INSG) (the "Company"), a pioneer in 5G and intelligent IoT device-to-cloud solutions, today announced that it has agreed to sell an aggregate of $100.0 million in principal amount of its 3.25% convertible senior notes due 2025 (the "Notes"), in an underwritten public offering (the "Offering"). The Company has granted the underwriters a 30-day option to purchase up to an additional $15.0 million in aggregate principal amount of the Notes in connection with the Offering, solely to cover over-allotments. The Offering is expected to close on May 12, 2020, subject to customary closing conditions.
Investors need to pay close attention to Inseego (INSG) stock based on the movements in the options market lately.
Inseego (INSG) saw a big move last session, as its shares jumped nearly 12% on the day, amid huge volumes.
Inseego (INSG) closed at $6.85 in the latest trading session, marking a -1.44% move from the prior day.
Investors in stocks with small market values know all too well that they usually underperform in down markets. The flip side is that small-cap stocks often lead the way when markets are headed higher again.Most small-cap investors can't wait for the market to turn. The S&P; 500 has lost 16% since it peaked on Feb. 19. As for the small-cap benchmark Russell 2000? It has tumbled more than 25%.This widespread pain among small caps might give investors pause about digging in. So we decided to suss out which stocks are holding up best, perhaps generating gains, and are set up for continued outperformance once businesses and markets get back to something resembling normal conditions.Sure enough, even today, there's no shortage of great ideas when it comes to small-cap stocks.To find the best candidates, we limited ourselves to companies with market capitalizations of between $1 billion and $2 billion. The stocks also had to outperform the S&P; 500 since the bear market kicked off almost three months ago.We further whittled the list down to stocks with an average broker recommendation of Buy or better. S&P; Capital IQ surveys analysts' stock ratings and scores them on a five-point scale, where 1.0 equals Strong Buy and 5.0 means Strong Sell. Any score of 2.0 or lower means that analysts, on average, rate the stock a Buy. The closer the score gets to 1.0, the stronger the Buy call. Lastly, we dug into research and analysts' estimates on the top-scoring names.From that pool, we landed on 11 of the best small-cap stocks that analysts love the most. Read on as we highlight each one. SEE ALSO: 50 Top Stock Picks That Billionaires Love
Water and toilet paper have been flying off the shelves, and they're not the only household products in high demand due to the coronavirus pandemic.With the temporary solution to combat the spread of the virus being working from home, Inseego Corp's (NASDAQ: INSG) MiFi Jetpack 8800L and its MiFi 8000 internet boxes have been in high demand as more and more people begin to work from home.They are portable Wi-Fi boxes that increase web connections and can go up to 24 hours without needing to charge.Many locations are sold out and waiting to restock on both MiFi Jetpack 8800 and the MiFi 8000 devices.Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter.On the Verizon website, it says the MiFi Jetpack 8800L is out of stock and it won't be available to be shipped until April 22, and a Metro Detroit Verizon store Benzinga spoke with said they're out of stock as well."Everyone is working from home now [and] I am even working from home," a Verizon store employee told Benzinga, adding that a small business customer had recently ordered 20 of the devices."None of these items are getting shipped out this month."Inseego shares were up 13.59% at $5.85 at the time of publication Tuesday. See more from Benzinga * P.A.M. Transportation Lays off 75 Employees, Mostly Nondrivers * Temporary Operating Authority Gives Private Fleets Chance To Get Moving Again * Stablecoins Aren't Stable(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Inseego Corp. (Nasdaq: INSG), a pioneer of 5G and intelligent IoT device-to-cloud solutions, today announced that Inseego chairman and CEO Dan Mondor will be presenting at the Cowen and Company 48th Annual Technology, Media & Telecom Conference on Friday, May 29, 2020, at 3:10 p.m. ET.
Inseego Corp. (Nasdaq: INSG) (the "Company"), a pioneer in 5G and intelligent IoT device-to-cloud solutions, will release financial results for the quarter ended March 31, 2020 after the stock market close on Wednesday May 6, 2020. Inseego will host a conference call and live webcast for analysts and investors at 5:00 p.m. ET that day. A Q&A session with analysts will be held live directly after the prepared remarks.
Inseego (INSG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Inseego Corp. (Nasdaq: INSG), a pioneer of 5G and intelligent IoT device-to-cloud solutions, today announced preliminary revenue for the first quarter ended March 31, 2020 and revenue outlook for the second quarter ending June 30, 2020.