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Inseego Corp. (INSG)
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Becoming more undervalued by the day here. From press release today..................“Global demand across our entire 5G portfolio of mobile broadband and fixed wireless solutions is very strong and continues to rapidly grow. Our high-performance 5G products are the gold standard with blazing fast speed, ultra-low latency and the most advanced cyber security features in the industry,” said Simon Rayne, Senior Vice President and Managing Director, UK, EMEA, and Asia-Pacific at Inseego..............IMO should be $15-20 a share now after Q3 beat. Great value here.
In the Doghouse
it's easy to feel like this stock just isn't going anywhere when you see it marginally moving positive one day and then retract the following. However, as I am sure most of you have done, look at the 5 year chart and you will see INSG is following a steady climb with higher highs and higher lows. I'm sticking with INSG and looking forward to its forage into the 5G realm, this should play out very nicely and provide some great returns. Great management builds something that will continue to evolve, Dan is a turn around specialist and is guiding this steadily upwards.
The only 5G product launch in Q3 was the Verizon M2100 on September 8th. Also, even though the 4G 8000 has been listed as out of stock at AT&T for months, it is believed that AT&T placed an order in Q3.
And although this was a limited number of announcements vs the 8 5G products across 6 Global carriers by the end of 2020, revenue still somehow grew to $90M+ in Q3.
As of today, we know US Cellular announced the M2000 on 10/28 and we learned of the Swisscom launch of their own M2000 during the earnings call on 11/5. That leaves 3 more carrier announcements with 5 more 5G products expected in the next 5 weeks if you believe Dan Mondor's past comments about these launches being "Locked & Loaded" during the Q2 earnings call on August 5th.
If 1 of the 3 remaining carrier announcements is of similar size to Verizon, then could Q4 2020 revenue eclipse $100M (vs. $52M Q4 2019). What if 2 of the remaining 3 were of similar size to Verizon? $110M-$120M?
No question it's been disappointing that we sit on 11/23 still waiting for these launches, but like I said, the silver lining is that without these announcements, revenue in Q3 came in above $90M.
Received an email recommending a 5g company, didn't mention the company's name but stated under 10 dollars and from Irvine,.California. he said it will be too late if i.wait after DECEMBER 8TH. Is this the company? What happens this coming December 8th? Thanks
There’s a lot of money in private mobile networks
Written by Mary Lennighan
1 day ago
Private network revenues will exceed US$64 billion by 2030, according to relatively new figures from ABI Research.
The proliferation of recent news announcements relating to the deployment of private mobile networks has already given us a strong indication of how hot that market is shaping up to be. But the newish research, which ABI seems determined to extract maximum publicity from, shows that there is a heck of a lot of money in it too.
The demand for private networks will be driven primarily by heavy industry verticals, the analyst firm noted, with industrial manufacturing and energy production, including mining, oil and gas, and logistics, accounting for just over half of that $64 billion figure.
The growth in demand for automation and enterprise digitisation has been accelerated by the Covid-19 pandemic, with businesses in industrial manufacturing, logistics, and oil and gas pushing harder on their plans for digitisation, said Leo Gergs, Research Analyst for 5G Markets at ABI Research.
In addition, the private networks market will also benefit from a supply-side effect, Gergs said.
“The freeze of Release 16 gives enterprises the much-needed reassurance of 5G capabilities for enterprise-grade connectivity, which allows chipset and module manufacturers to grow the device ecosystem for compatible hardware,” he explained. (More about the latest release of the 5G standard here.) “The maturing device ecosystem, in turn, drives down prices per module and therefore makes the deployment of private 5G network more cost-efficient, which will spur additional interest from enterprises.”
There can be no argument that enterprises are indeed interested.
Earlier this week German telecoms regulator the Bundesnetzagentur, or BNetzA, announced that it has had 93 applications for 3.7 GHz-3.8 GHz spectrum set aside for private 5G networks in the past year and has granted a total of 88 so far. As well as the likes of Airbus, Audi and Mercedes-Benz, its list of successful applicants includes chemicals company Evonik Industries, vehicle automation company Götting KG, ml&s manufacturing, logistics & services, telecoms contractor MUGLER AG, and power grid and gas network Netz Leipzig GmbH, to name a handful.
And that’s just Germany. In the past few months there have been myriad private networking announcements from all over the world, including Huawei’s partnership with Cambridge Wireless for a private 5G network at the Cambridge Science Park in the UK; Verizon teaming up with Nokia for private 5G networks internationally; and Ericsson’s $1.1 billion Cradlepoint buy that will, amongst other things, boost its 5G private networking capabilities.
Demand is there for private networks and there will be many more announcements to come.
If I were a betting man I would bet insg announces some of the new carrier wins at the qualcomm event Dec 1st and 2nd.
The tech world is in the midst of a shake-up. Since the end of 2017, the new 5G wireless technology has been moving forward, bringing with it a combination of faster connection speeds and lower latency, and the promise of great changes in how we connect to the online world. New technologies – connected automobiles and agile IoT come to mind – would not be possible without 5G.
Investment research firm HSBC Global, in a recent report on the advent of 5G tech, takes up the questions of whether the new networking is a boom or a bust. Specifically, HSBC asks why 5G has been underwhelming – so far. Industry expert Professor William Webb notes that 5G’s rollout has not lived up to the hype, even in Asia where networks are more extensive and better integrated. He describes the technology as ‘evolutionary, not revolutionary.’
Webb points out several areas where 5G clearly needs further evolution: the expansion of networks, which will necessitate further buildouts of towers and cells; smoother transitions between cells; and improved functionality, once devices are connected. In his view, 5G is a beginning rather than an end.
Commenting on Webb’s views, and on the technology generally, HSBC's Head of Telecoms Neale Anderson, writes, “[We] see it as unfortunate (although sadly inevitable) that 5G was rushed to market... The bar will further be raised by mmWave services, which have been launched in the US, and recently in Asia in Japan. We see this as the ‘real’ 5G, and expect it to open up – albeit slowly – new opportunities for operators.”
Whether 5G underwhelms or overwhelms in the short term, in the longer term it is here to stay – and that means some stocks are going to gain as 5G expands. Wall Street’s analysts have been busy finding those stocks, and the TipRanks database has the scoop. Here are three of them.
Inseego Corporation (INSG)
First up, Inseego, is a wireless and mobile hotspot company. As can be imagined, the company has gained directly from the moves toward increased remote work and virtual offices. The stock is up 27% this year, even after accounting for high volatility in April and August.
Inseego has a direct concern in 5G. As a wireless provider, the company cannot afford to ignore the new tech, and is directly involved in developing and marketing home-use 5G routers. Inseego has an ongoing partnership with Verizon on networking and hardware, and is also working to expand its hotspots to IoT uses. The company has not ignored the innards of the devices, and works with Qualcomm on advanced 5G router chips.
Like many networking providers, Inseego has performed at the financial level. Quarterly revenues have posted sequential gains through 2020, with Q3 exceeding $90 million at the top line. Q3 EPS showed a loss of 6 cents; the loss was considered normal, as Inseego, again like many other tech firms, typically shows a net loss per share. The important point to the EPS was, it was the smallest such loss in two years.
Analyst Lance Vitanza, in his coverage of the stock for Cowen, writes, “While the company continues to see significant demand for legacy 4G products, its second-generation 5G product suite continues to ramp… Inseego is positioned to profit from the advent of 5G, technology that is estimated to generate $500 billion in GDP in the U.S. and which will give way to more traditional upgrades of existing mobile hot spots from 4G to 5G.”
In line with these comments, the analyst puts an Outperform (i.e. Buy) rating on the stock. His price target, at $13.50, indicates room for 44% growth in 2021. (To watch Vitanza’s track record, click here)
Overall, Inseego holds a Moderate Buy rating from the analyst consensus, based on 6 reviews breaking down to 4 Buys and 2 Holds. Meanwhile, the average price target, $13.17, suggests it has 41% upside potential in the year ahead. (See INSG stock analysis on TipRanks)
Dean P., Waterbury, CT
I think we get more useful information out of Inseego's presence at the 5G Blitz Week next week than from the Qualcomm Summit.....Inseego is partnered with both cloud providers AWS and Microsoft Azure
Start of significant move up!
I've been lightly following the comments of the long haulers here. For a few years I just categorized people as positive and negative reviewers, smart but with agendas, who to trust? I appreciate those who forecast with analytic thought and with numbers to back up their assertions, and those who can support/oppose with more clarifying numbers. I also appreciate those who have a negative outlook on the stock who also have good intuition of when an upswing is to happen. Not calling by name but I thought one was always a downer and had an agenda so I largely sided with the opposition, until I realized they were calling out technical cycles mixed with other news sources to formulate an opinion. With such a manipulated stock it's hard to see the forest through the trees with posters here initially, but stay long enough and some of you guys/gals are gems, bear or bull. Thank you for the insights and humor.
Any day now.
Something I just noticed on the recent 10-Q:
"During the quarter ended September 30, 2020, certain holders of the 2025 Notes converted approximately $13.5 million in principal amount of the 2025 Notes into 1,177,156 shares of the Company’s common stock in accordance with the terms of such notes. As of September 30, 2020, the Company’s outstanding debt primarily consisted of $166.9 million in principal amount of 2025 Notes."
That's a conversion rate of $11.48 vs. the $12.61 estimate from the note. Man, the friends and family deal really pays off with Inseego as I'm sure this holder dumped these shares back when INSG was trading near $15 right before earnings was announced for Q3 on August 5th.
This is the reason I believe Nokia is a likely acquirer of Inseego in the near future. Swisscom was announced on the earnings call as a new Mifi Hotspot customer and now Nokia is announced as an exclusive FWA customer of Nokia's FastMile device. Nokia wants to expand on their 5G Edge solutions for mobile operators and the FastMile is their only product to date and it still utilizes the Qualcomm x50 chip vs the Qualcomm x55 chip with Inseego's 2nd generation FWA device expected to launch soon. Ericsson acquired Cradlepoint for 7X 2019 revenue. Inseego just cleaned up their reporting by moving the DMS business from under Enterprise SaaS to under IoT&Mobile for a total of $77M or $308M
annually. 7X $308m would be $2.15B or $22 per share. (Not including Enterprise SaaS or Ctrack's
A better deal when INSG is trading near $10 vs when INSG was trading near $15.
(Unable to link the article per Yahoo Message Board, but you can easily find it)
the start of a major short squeeze. hold on to your seats, shorts will be dropping bricks
Our SP is dormant for a reason. This lack of interest is not a plausible reaction to the company and what is happening in our world. So, something is up. Something that I think (no pliable data or empirical evidence just a notion) is positive for shareholders. Our patience is tested, but I do trust the leadership, the team, the products of Inseego.
Keep an eye on s.p. and volume, for an indication of coming news.
I,m astounded, the consensus target for 2021 is $13-13.50 yet just months ago, before the huge growth of revenues, and when they needed to raise the target to facilitate the new issue of Notes analysts had $15 targets.
How is it after all the growth of revenue and new product offerings the targets were reduced by 10%?
Analyst Michael Walkley from Canaccord Genuity maintained a Buy rating on Inseego (INSG), with a $13 price target.
Germany sees ?great interest? in private 5G networks?Written by�Mary Lennighan�1 day ago?Germany?s telecoms regulator has awarded 88 licences for private 5G networks in the past 12 months and expects many more applications to come.The Bundesnetzagentur, or BNetzA, announced that a year after opening applications for 3.7 GHz-3.8 GHz spectrum for campus 5G networks it has received a total of 93 submissions resulting in the granting of frequencies in 88 cases thus far.?With the frequencies for local 5G networks, we create room for innovation,? said BNetzA president Jochen Homann. ?We are registering great interest in the frequencies and are still counting on numerous applications,? he said.The state has good reason to crow about the level of interest being shown in private 5G networks. Its decision to set aside spectrum in the 3.7 GHz-3.8 GHz band for that purpose ahead of last year?s 5G auction was one of the key reasons for the serious discontent expressed by Germany?s telecoms operators with regard to the auction rules. The reduced amount of spectrum available at the auction meant greater competition and a higher spend for the telcos, all of whom repeatedly and vocally complained about the sale. The lack of spectrum, coupled with onerous coverage requirements and other obligations, particularly on the existing players, drew legal challenges from Deutsche Telekom, Vodafone and Telefonica.Ultimately though, the telcos participated in the sale, as we knew they would, and spent hefty sums in the process. The�sale drew to a close�in June last year and raised #$%$6.5 billion.Deutsche Telekom has repeatedly criticised the cost of 5G spectrum and the impact operators? heavy spending will have on network rollout. ?With the auction proceeds one could have built approximately 50,000 new mobile sites and close many white spots,? Dirk W�ssner, Member of the Board of Management of Telekom Deutschland, said on completion of the auction.Thus BNetzA is understandably keen to big up the popularity and the benefits of private 5G networks. It repeated its previous comments about the spectrum being used in particular for industry 4.0 applications, as well as agriculture and forestry.There have been a handful of high-profile applicants for spectrum in the 3.7 GHz-3.8 GHz band. NTT Data is one such company that features on the BNetzA?s list and this summer the firm announced a new�partnership with Mavenir�to develop a portfolio of solutions for private 5G and 4G networks.Lufthansa Technik, part of the Lufthansa airline group, also hit headlines earlier this year through a�partnership with Vodafone�to roll out a private 5G network at its Hamburg base, the twist being that it ? not Vodafone ? owns the 3.7 GHz-3.8 GHz spectrum the network is based on. However, the company does not appear on the regulator?s list of licensees, in its own name, anyway.Others on the list (which can be found here) include tech firms, car makers, research and educational facilities, and the Deutsche Messe exhibition site in Hannover, amongst others.The list is only going to get longer.The results are in! We share with you the key findings of the biggest telco survey of the year
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