|Bid||8.97 x 900|
|Ask||8.98 x 3200|
|Day's Range||8.95 - 9.12|
|52 Week Range||3.61 - 9.75|
|Beta (5Y Monthly)||1.19|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 05, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.08|
We live in a rapidly changing world, there’s no doubt about that. The first two decades of the 2000’s have seen tech make leaps that were unimaginable as late as the 1980s. And now, we’re watching one more leap unfold in real time, as telecom companies are rolling out the new 5G networks.The switch is no surprise; it’s been in the works since late 2017, but it’s accelerating now. In a report by Michael Walkley, 5-star analyst with Canaccord, major operators are signing up 5G subscribers and opening service at a faster pace than expected. Walkley says, "We believe the transition to 5G is ramping faster than global networks transition to 4G and any other previous wireless generations. In fact, there are now over 40 OEMs and 40 operators launching or announcing 5G products and commercial service."Getting into detail, Walkley points out that Korean mobile operators already have 4 million 5G subscribers, while in the US, both T-Mobile and AT&T have already launched low-band 5G service networks. In China, the three major mobile operators launched 5G commercial operations on November 1.So, the switch is happening. As it expands, subscribers will find faster service and more efficient data streaming, while investors will find increasing potential in the companies that support the new 5G technology. We’ve taken three such companies and looked at them through the lens of TipRanks’ Stock Screener tool, to find out what Wall Street’s top analysts have to say in some specific cases.Inseego Corporation (INSG)Start with Inseego, a company specializing in mobile solutions for IoT systems. Inseego provides modems and routers that enhance device-to-cloud capability, and is front and center in the move toward faster 5G capable connectivity. Inseego introduced the first commercially available 5G mobile broadband hotspot last year.INSG shares rose 76% in 2019, as the company’s revenues showed strong gains in the final quarter of the year. The Q3 earnings report, the most recent on record, showed top-line revenues of $62.72 million, 5.4% over the expectation. Year-over-year, the gain was even stronger, at 23.8%. The revenue spike shows both the profit potential and industry importance of 5G for the IoT sector.Wall Street’s analysts are bullish on INSG, looking ahead at the company’s prospects for acquiring big-name customers. Northland Securities’ 5-star analyst Michael Latimore took especial note of INSG landing a contract with Vodaphone. He wrote, “Inseego has stacked up numerous wins, esp. for 5G hotspots and home routers, the most recent being a division of Vodafone. Vodafone has numerous operating entities that could launch with Inseego eventually. Other operators are prospects too across most geographies. Enterprise SaaS is turning for the better…” Latimore pointed out specifically that Inseego will provide the hardware for Vodaphone Qatar’s upcoming hotspot – and that worldwide, Vodaphone offers 640 million subscribers.Latimore puts a Buy rating on INSG, along with an $8 price target that suggests an upside better than 10%. (To watch Latimore’s track record, click here)Also optimistic about INSG’s prospects this year is Lance Vitanza, of Cowen. Vitanza writes, “Inseego delivered 3Q19 revenue that was ahead of our estimates in both IoT & Mobile as well as Enterprise SaaS and above management’s previously provided outlook ranges for both divisions. Gross margins in IoT & Mobile and Enterprise were also 100 bps and 120 bps better than we had modeled… [looking forward], growth is expected to be 2H20-weighted, given the anticipated launch cycle for second generation 5G products now in the Inseego-to-customer pipeline…” Vitanza also backs his Buy rating with an $8 target.Overall, INSG has a Strong Buy from the analyst consensus. The stock’s sharp gains in Q4 2019 have brought it 3 recent Buy ratings against a single Hold. Shares are priced at $7.23, and the average price target is $8. Again, that suggests an upside potential of ~10%. (See Inseego stock analysis at TipRanks)Ceva, Inc. (CEVA)Ceva develops and markets digital signal processor (DSP) technology for the semiconductor industry. The company works with both chip makers and original equipment manufacturers, providing the innards for a variety of devices in the mobile, consumer, industrial, and IoT segments. Ceva’s DSPs are helping to power the conversion to 5G, across a wide range of tech companies.Ceva has found success in the DSP niche, and the company saw some strong metrics in 2H19. In Q3, the last reported, CEVA showed a 61% sequential gain in royalty income, to $12.2 million, and the total revenues, $23.5 million, were up 10% year-over-year.Strong revenues and a solid position in a growth-oriented niche have earned CEVA some love from two of Wall Street’s top-rated analysts. Writing from Cowen, 5-star analyst Matt Ramsay writes, “CEVA's 3Q beat and strong outlook point to seasonal strength… We believe CEVA is an attractive growth story tied to low power edge processing in a growing list of applications. We believe diversification beyond handsets is beginning to take root and expect initial traction from basestations and other non-basesband applications to drive sustainable licensing and royalty growth for the foreseeable future.” Ramsay put a $35 price target on CEVA shares, supporting his Buy rating and indicating his confidence in a 27% upside. (To watch Ramsay’s track record, click here)Canaccord's Michael Walkley also takes a bullish stance of CEVA. He says, “With roughly 40-50 customers currently paying royalties to CEVA, we believe this number could increase to 100-110+ over the next several years as CEVA’s strong licensing revenue has driven a strong pipeline of new customers working on CEVA-powered chipsets.” Walkley sees CEVA’s growth supporting a 38% upside in the next twelve months, and gives the stock a $38 price target with a Buy rating. (To watch Walkley’s track record, click here)Looking at the consensus breakdown, opinions on CEVA are split. The bulls come in with 2 "buy" ratings compared to 2 "hold" ratings received over the previous three months. The upside potential lands at ~17% as a result of its $32 average price target. (See Ceva stock analysis at TipRanks)Akoustis Technologies (AKTS)Akoustis inhabits the acoustic wave segment of the technology world. The company’s single-crystal piezoelectric materials are used in bulk acoustic wave (BAW) filters in smartphones and other mobile wireless devices. AKTS operates in the US market, and boated a 61% gain in share price last year.Akoustis reported Q1 fiscal 2020 in November, and showed $22.6 million cash and cash equivalents on hand. The cash on hand was good news, as the company reported a net loss in earnings per share despite more than doubling revenues year-over-year. Also on a positive note, AKTS narrowed its net loss from the year-ago quarter. While share prices fell after the earnings report, they have since regained the loss – and more – on recent developments.Last month, AKTS moved to raise capital through a public stock offering. The offering, of 4.8 million shares, was priced at $6.25 per share. Including the 720,000 shares allotted to the underwriters, the offering brought the company upwards of $30 million in fresh capital. Since the mid-December sale, AKTS has spiked 9% in share price.Anthony Stoss, 5-star analyst with Craig Hallum, sees the company as well positioned, especially after the successful stock offering and capital infusion, for growth and expansion in the coming months. He writes, “We think with AKTS’ recently raised ~$30 million the company now has enough cash to reach breakeven in Q42020. Moreover, we believe the company is now sampling filters to 50+ companies with likely 20+ Wi-Fi router makers including Asian router makers as well. AKTS’ new funds will allow the company to capitalize on some of their upcoming design wins on both the Wi-Fi and 5G infrastructure side set to rollout in 2020.”Stoss puts a Buy rating on AKTS, supported by a $12 price target that indicates room for 38% upside growth. (To watch Stoss’s track record, click here)It has been relatively quiet when it comes to other analyst activity. In the last three months, only 2 analysts have issued ratings. However, the word on the Street is that AKTS is a "buy." Based on the $9.33 average price target, shares could climb 7% from current levels. (See Akoustis stock analysis at TipRanks)
Inseego Corp. (Nasdaq: INSG), a pioneer in 5G and intelligent IoT device-to-cloud solutions, today announced that management will present at the 22nd Annual Needham Growth Conference in New York, NY on Tuesday, January 14, 2020.
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Inseego Corp. (Nasdaq: INSG), a 5G and intelligent IoT device-to-cloud solutions pioneer, today announced that its Skyus™ DS and DS2 4G LTE devices have been certified for use with VMware SD-WAN by VeloCloud (NYSE: VMW), enabling businesses with distributed operations to use LTE for both primary and backup communications — quickly, easily and very cost-effectively.
Vodafone Qatar, together with Inseego Corp., a pioneer in 5G and IoT device-to-cloud solutions, today introduced the 5G MiFi M1100, the first commercially available 5G mobile hotspot in Qatar and the region. With this new 5G MiFi hotspot, Vodafone Qatar customers can enjoy the power of 5G on their existing phones and other devices even if they are not 5G-enabled. Priced at QR 1,999 the 5G MiFi M1100 is available now at all Vodafone Qatar stores.
Based in the Pacific coast city of Vancouver, Canaccord is Canada’s independent investment brokerage. The firm has global reach, with offices in 10 countries including the US, UK, Germany, Hong Kong, and Singapore. Canaccord is licensed to list companies in 10 different stock exchanges around the world, in all the markets’ main sectors.To support the firm’s investment operations, Canaccord employs 140 stock and financial analysts, experts in their fields, to produce and publish up-to-date research materials on thousands of publicly traded companies.Today, we’ll look at three stocks recommended by Michael Walkley, a 5-star analyst from Canaccord rated 65 overall in TipRanks’ database of over 5,600 Wall Street analysts. Let’s see what he has to say about these three small-cap tech companies, and why he gives them the thumbs up.Inseego Corporation (INSG)Inseego, a NASDAQ-listed company valued at $216 million, specializes in IoT mobile solutions, developing mobile systems – modems and routers – that connect devices to networks. Inseego is making the transition to the new 5G networks, using the new connection technology to speed up intelligent IoT solutions in the device-to-cloud realm. In an October 21 statement, CEO Dan Mondor said, “Earlier this year, we introduced the first commercially available 5G NR mobile broadband hotspot, and now dozens of companies have adopted Inseego 5G solutions to power a new wave of applications.”In its most recent Q3 earnings report, INSG showed revenues of $62.72 million, beating the forecast by 5.4%. A solid performance, but the year-over-year gain underscored both the importance of IoT in today’s tech sector and the profit potential for successful transition to 5G. Inseego’s revenues were up a robust 23.8% from the year-ago quarter.However, earnings were less of a bright spot. INSG’s EPS was negative, showing a loss of 4 cents per share. The forecast had been for a 3-cent loss. The earnings loss was key for investors last week, and INSG has lost 14% since the quarterly release.Canaccord’s Walkley sees the current low price as a buying opportunity, bolstered by the growing shift toward 5G. Inseego’s status as an early hardware provider will give the company a solid foundation going forward. Walkley writes, “Given the growing global 5G opportunity, we believe Inseego has strong global customer engagements for its growing 5G product portfolio... We believe Inseego will deliver very strong 2H/2020 and C2021 growth as global carriers launch 5G networks… We anticipate strong revenue growth in 2H/20 and beyond with expanding margins as the 5G opportunities ramp and the overall business scales…” His price target, $8.50, suggests a powerful upside of 82% for the stock.Inseego has three recent analyst reviews, and all are Buys, making the Strong Buy consensus unanimous. The stock sells for a low $4.58 per share, and the average price target, $7.17, implies an upside of 57%. (See Inseego stock analysis on TipRanks)Adesto Technologies (IOTS)IoT is a hot sector these days, and the next stock on our list is another player in it. Adesto’s niche is distinct from Inseego’s; Adesto produces embedded systems and application-specific semiconductor chips for IoT devices. The company does not offer its components on the open market, selling instead to original equipment manufacturers who assemble products for end-users.Adesto’s customer base, over 5,000 strong worldwide, are companies engaged in building the coming 5G networks. They rely on Adesto’s advanced chips to run their devices and provide memory space. The company’s niche is essential, always a boon for small tech company, and has helped propel IOTS to a 63% year-to-date share price gain.IOTS’s recent earnings were as bright as the stock’s 2019 gains. Adesto reported a profit of 3 cents per share, beating the forecast of 2 cents and coming in far ahead of the year-ago quarter, when the company posted a loss of 4 cents per share. It was the fourth quarter in a row that IOTS has beaten the earnings estimates. Revenues were solid, at $32.03 million, 3% better than the forecast and 45% better year-over-year.Walkley started his review of IOTS by noting the earnings report, writing, “Adesto reported Q3/19 results with revenue of $32.0M consistent with our estimate and guidance with solid growth and outlook across all segments of the business. Non-GAAP gross margin of 50.7% was also in line with guidance, while operating expenses were below the lower end of the guidance range…” He went on to state the bottom line for his Buy rating on the stock: “Our positive investment thesis is based on our expectation that strong IoT endpoint growth over the next several years will require low-power and long-battery-life solutions that should benefit Adesto’s portfolio and its differentiated memory solutions.” Walkley’s $11 price target on the stock shows confidence in a 55% upside from current levels.Looking at the analyst consensus, Walkley’s estimate may be a bit conservative. IOTS has 5 recent "buy" ratings, for a unanimous Strong Buy consensus, and the average price target is $12.40 – giving the stock a 74% upside from the current price of $7.12. (See Adesto stock analysis on TipRanks)Digi International (DGII)Our third stock is another IoT company. Digi focuses on embedded and external communications solutions for both wired and wireless systems, as well as USB-based products. As a legacy of the company’s history, Digi also produces a line of multi-port serial boards. The company’s current line of products is based on the 4G platforms in widespread use.Looking ahead, Digi is planning for expansion. The company announced last week that it has signed an agreement to acquire IT infrastructure provider Opengear, in a deal worth $140 million in cash up front. Digi’s CEO Ron Konezny says of the acquisition, “Joining forces with Opengear gives customers an expansive, high-value, technology portfolio that is hardware enabled and software defined.” Final closure of the transaction awaits regulatory approval.Walkley believes that the Opengear deal, if approved and implemented, has potential to generate over $40 million in adjusted by the end of 2021. He writes, “We believe this transaction complements Digi’s Products & Services segment by adding a portfolio of products for the out-of-band services market, and we believe the technologies are similar to Digi’s offerings and the companies can move to a common platform to drive even further synergy opportunities.”Turning to DGII’s current situation, Walkley is equally optimistic. In his recent report on the stock, the top analyst takes a Buy position, saying, “We maintain our belief Digi will post strong double-digit growth for its IoT solutions business over the next several years and achieve its 3-5 year target of $50M to $100M in annual recurring revenue.” His $21 price target implies potential for 41% upside to the stock.Overall, analysts are upbeat on DGII. Three have given reviews in recent weeks, and all rated it a "buy," making the consensus another unanimous Strong Buy. At $14.77, DGII stock is priced at a bargain -- the $19 average price target suggests an upside of nearly 30%. (See Digi stock analysis on TipRanks)
Today, Telstra announced its latest addition to the Telstra Locator product range with the launch of the new Telstra Locator Cat-M1 Tag. The new tag, developed in partnership with Inseego Corp. (INSG), a leader in 5G and intelligent IoT device-to-cloud solutions, helps customers find the things that matter most to them. “We’re proud to provide Telstra with this innovative and extremely practical product, which enables their customers to locate almost anything across Telstra’s expansive LTE-M network,” said Inseego Chairman and CEO Dan Mondor.
Inseego Corp. , a pioneer in 5G and intelligent IoT device-to-cloud solutions, today announced that management will attend the ROTH Technology & New Industrials Day at the Lotte New York Palace Hotel in New York, NY on Wednesday, November 13, 2019.
Inseego (INSG) delivered earnings and revenue surprises of -33.33% and 5.39%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
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-- Company Provides Free Devices that Connect Shelters, Mobile Command Centers and other Agencies to Mobile 4G LTE for Reliable Voice and Data Communications --
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. , a pioneer in 5G and intelligent IoT device-to-cloud solutions will release financial results for the quarter ended September 30, 2019 after the stock market close on Wednesday November 6, 2019.
ROCHESTER, N.Y. , Oct. 23, 2019 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology ...