Inseego (INSG) to Release Earnings on Tuesday

Inseego (NASDAQ:INSG - Get Free Report) will post its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect Inseego to post earnings of $0.09 per share for the quarter. Inseego has set its Q3 2024 guidance at EPS.Investors that are interested in registering for the company's conference call can do so using this link.

Inseego (NASDAQ:INSG - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The technology company reported ($0.02) EPS for the quarter. The firm had revenue of $59.15 million for the quarter, compared to analysts' expectations of $53.63 million. On average, analysts expect Inseego to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Inseego Stock Performance

Inseego stock traded up $0.41 during midday trading on Tuesday, hitting $17.05. 166,468 shares of the company's stock were exchanged, compared to its average volume of 171,940. Inseego has a 12 month low of $1.62 and a 12 month high of $20.67. The company has a market cap of $209.37 million, a PE ratio of -4.57 and a beta of 1.60. The firm has a 50-day moving average of $17.22 and a two-hundred day moving average of $11.65.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus raised their price objective on shares of Inseego from $11.00 to $17.00 and gave the stock a "hold" rating in a research note on Tuesday, September 17th. TD Cowen increased their price target on shares of Inseego from $13.50 to $15.00 and gave the stock a "hold" rating in a research report on Wednesday, August 14th.

About Inseego

Inseego Corp. engages in the design and development of cloud-managed wireless wide area network (WAN) and intelligent edge solutions for businesses, consumers, and governments worldwide. The company provides 5G and 4G mobile broadband solutions, such as mobile hotspots under the MiFi brand; and 4G VoLTE products and 4G USB modems.