Inseego Corp. engages in the design and development of fixed and mobile wireless solutions, industrial Internet of Things (IIoT), and cloud solutions for large enterprise verticals, service providers, small and medium-sized businesses, governments, and consumers worldwide. The company provides wireless 4G and 5G hardware products for vertical markets, including private LTE/5G networks, First responders network authority/Firstnet, SD-WAN, telematics, remote monitoring and surveillance, and fixed wireless access and mobile broadband devices. Its products include 4G and 5G fixed wireless routers and gateways, mobile hotspots, and wireless gateways and routers for IIoT applications; and Gb speed 4G LTE hotspots and USB modems, integrated telematics, and mobile tracking hardware devices, which are supported by applications software and cloud services designed to enable customers to analyze data insights and configure/manage their hardware remotely. The company also sells software-as-a-service (SaaS), software, and services solutions in various mobile and IIoT vertical markets comprising fleet management, vehicle telematics, stolen vehicle recovery, asset tracking, monitoring, business connectivity, and subscription management. Its SaaS delivery platforms include Ctrack platforms, which provide fleet, vehicle, aviation, asset, and other telematics applications; and Inseego Subscribe, a hosted SaaS platform that helps organizations in managing the selection, deployment, and spend of their customers wireless assets by helping them to save money on personnel and telecom expenses. Inseego Corp. was founded in 1996 and is based in San Diego, California.
IPO Year:
Exchange: NASDAQ
Website: inseego.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
11/14/2024 | $13.00 → $15.00 | Neutral → Buy | ROTH MKM |
5/13/2022 | $2.50 | Hold | Stifel |
3/2/2022 | $8.00 → $7.00 | Hold → Buy | Canaccord Genuity |
8/5/2021 | $8.50 → $7.50 | Neutral | Roth Capital |
SAN DIEGO, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Inseego Corp. (NASDAQ:INSG), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises, government, and SMBs, is excited to announce its inclusion in the recently launched T-Mobile Partner Plus program. This initiative aligns with Inseego's mission to facilitate a smooth and cost-effective transition to 5G for businesses. T-Mobile Partner Plus is a channel subsidy program designed to reduce the initial cost of enterprise-grade 5G Fixed Wireless Access (FWA) equipment and now includes Inseego's high-performance 5G indoor and outdoor FWA solutions. This partnership highlights the shared co
SAN DIEGO, Jan. 09, 2025 (GLOBE NEWSWIRE) -- Inseego Corp. (NASDAQ:INSG), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises, government and SMBs, today announced the launch of its next generation 5G outdoor CPE, the Inseego Wavemaker 5G Outdoor CPE FW3000. Designed to deliver reliable and secure 5G and LTE connectivity, the FW3000 is an ideal solution for businesses in both urban and rural areas and supports download speeds up to 5 Gbps, ensuring seamless video streaming, internet access, and more. Key Features of the Inseego Wavemaker 5G Outdoor CPE FW3000: High-Speed Connectivity: Supports 5G Sub-6 GHz and 4G LTE Cat 20
Sarvikas to Lead Inseego in Its Next Phase of Growth Following the Company's Successful Overhaul of its Capital Structure Company Also Adds Brian Miller, One of Inseego's Largest Stockholders and Noteholders, to its Board of Directors SAN DIEGO, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Inseego Corp. (NASDAQ:INSG) ("Inseego" or the "Company"), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises, and SMBs, today announced the appointment of Juho Sarvikas as Chief Executive Officer and a Director on the Company's Board of Directors, effective immediately. "Juho's exceptional leadership in the wireless industry, proven track record of
SAN DIEGO, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Inseego Corp. (NASDAQ:INSG) (the "Company"), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises, and SMBs, today announced the successful completion of the previously announced sale of its global telematics business for $52 million dollars (USD) in an all-cash transaction to Ctrack Holdings, a portfolio company of Convergence Partners. The transaction involves the divestiture of Inseego's telematics business that operates across the United Kingdom, the European Union, Australia and New Zealand. "We are pleased to announce that the sale of our telematics business has been finaliz
Company completes capital structure management initiative by exchanging $91.5 million of face value of outstanding convertible notes for long-term debt and equity Company has now repurchased or exchanged at a discount approximately $147 million, or 91% of aggregate principal amount, of the $162 million of the convertible notes SAN DIEGO, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Inseego Corp. (NASDAQ:INSG) (the "Company"), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises and SMBs, announced today that it has completed its initiative to overhaul the Company's capital structure to reduce total debt and restructure its outs
Q3 2024 revenue from continuing and discontinued operations of $61.9 millionQ3 2024 positive Adjusted EBITDA from continuing and discontinued operations of $9.3 million and GAAP Net Income of $9.0 millionAgreed to sell telematics business for $52.0 million in cashExecuted convertible debt restructuring and material reduction in debt SAN DIEGO, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Inseego Corp. (NASDAQ:INSG) (the "Company"), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises and SMBs, today reported its results for the third quarter of 2024 ended September 30, 2024. "The third quarter had several positive, and meaningfully tra
Believes Nano's Ongoing Value Destruction, Worst-In-Class Corporate Governance and Misallocation of Corporate Resources Warrants Urgent Change in Company's Boardroom Murchinson's Nominees Would Bring Independent Perspectives and Relevant Experience to Restore Shareholders' Confidence in Leadership, Establish Appropriate Capital Allocation Processes, Hold Management Accountable and Oversee Strategy Development and Implementation Murchinson Ltd. (collectively with its affiliates and funds it advises and/or sub-advises, "Murchinson" or "we"), a significant shareholder with approximately 7.1% of the outstanding shares of Nano Dimension Ltd. (NASDAQ:NNDM) ("Nano" or the "Company"), today annou
Inseego Corp. (NASDAQ:INSG), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises and SMBs, today announced that the company will release its financial results for the third quarter of 2024, ended September 30, 2024, after the financial markets close on November 12, 2024. The quarterly financial statements and earnings press release will be made available at www.inseego.com and will be filed under Inseego's profile on EDGAR at www.sec.gov. The company will host a conference call that same day at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss its results and business outlook. A live audio webcast of the conference c
Inseego's MiFi X PRO multi-carrier 5G mobile hotspot is now available for channel partners, resellers, and distributors Inseego Corp. (NASDAQ:INSG), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, enterprise, government and SMBs, announces the availability of its multi-carrier certified, MiFi X PRO 5G mobile hotspot. The MiFi brand is a category leader for mobile hotspots and this exclusive launch for Inseego Ignite Channel Partners is a significant turning point supporting the channel and expanding the market for the MiFi category. Previously, the MiFi X PRO was only available for purchase from mobile network operators, with network specific har
Proceeds to Drive Further Deleveraging and Improvement of Capital Structure and Support Company Focus on Driving Growth in 5G Mobility and Fixed Wireless Solutions Inseego Corp. (NASDAQ:INSG) (the "Company" or "Inseego"), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises, and SMBs, today announced that it has entered into a definitive agreement to sell its fleet management and telematics business in an all-cash transaction for $52 million. Under the terms of the agreement, a portfolio holding company of Convergence Partners ("Convergence"), an investment management firm focused on the technology sector, will acquire Inseego'
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Sarvikas to Lead Inseego in Its Next Phase of Growth Following the Company's Successful Overhaul of its Capital Structure Company Also Adds Brian Miller, One of Inseego's Largest Stockholders and Noteholders, to its Board of Directors SAN DIEGO, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Inseego Corp. (NASDAQ:INSG) ("Inseego" or the "Company"), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises, and SMBs, today announced the appointment of Juho Sarvikas as Chief Executive Officer and a Director on the Company's Board of Directors, effective immediately. "Juho's exceptional leadership in the wireless industry, proven track record of
Inseego Corp. (NASDAQ:INSG), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises and SMBs, today announced that the company will release its financial results for the third quarter of 2024, ended September 30, 2024, after the financial markets close on November 12, 2024. The quarterly financial statements and earnings press release will be made available at www.inseego.com and will be filed under Inseego's profile on EDGAR at www.sec.gov. The company will host a conference call that same day at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss its results and business outlook. A live audio webcast of the conference c
Inseego Corp. (NASDAQ:INSG), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises and SMBs, today announced that the company will release its financial results for the second quarter of 2024, ended June 30, 2024, after the financial markets close on August 7, 2024. The quarterly financial statements and earnings press release will be made available at www.inseego.com and will be filed under Inseego's profile on EDGAR at www.sec.gov. The company will host a webcast and conference call that same day at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss its results and business outlook. A live audio webcast of the confe
Inseego Corp. (NASDAQ:INSG), a technology leader in 5G and 4G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises and SMBs, today announced that the company will release its financial results for the first quarter of 2024, ended March 31, 2024, after the financial markets close on May 9, 2024. The quarterly financial statements and earnings press release will be made available at www.inseego.com and will be filed under Inseego's profile on EDGAR at www.sec.gov. The company will host a webcast and conference call that same day at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss its results and business outlook. A live audio webcast of the c
Inseego Corp. (NASDAQ:INSG), a leader in 5G edge cloud solutions, today announced that the company will release its financial results for the fourth quarter and year ended December 31, 2023 after the financial markets close on February 21, 2024. The financial statements and earnings press release will be made available at www.inseego.com and will be filed under Inseego's profile on EDGAR at www.sec.gov. The company will host a webcast and conference call that same day at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss its results and business outlook. A live audio webcast of the conference call will be accessible from the "Investors" section of the company's website at http:/
Inseego Corp. (NASDAQ:INSG), a leader in 5G edge cloud solutions, today announced that the company will release its financial results for the third quarter ended September 30, 2023, after the financial markets close on Thursday, November 2, 2023. The quarterly financial statements and earnings press release will be made available at www.inseego.com and will be filed under Inseego's profile on EDGAR at www.sec.gov. The company will host a webcast and conference call that same day at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss its results and business outlook. A live audio webcast of the conference call will be accessible from the "Investors" section of the company's websit
Inseego Corp. (NASDAQ:INSG), a leader in 5G edge cloud solutions, will release financial results for the quarter ended June 30, 2023, after the stock market close on August 2, 2023. Inseego will host a webcast and conference call for analysts and investors at 5:00 p.m. Eastern Time the same day. A Q&A session with analysts will be held directly after the prepared remarks. Inseego will offer a live audio webcast of the conference call, which will be accessible from the "Investors" section of the company's website at http://investor.inseego.com. The webcast will be archived for a period of two weeks. Alternatively, participants can pre-register for the telephone conference at https://dp
Inseego Corp. (NASDAQ:INSG), a leader in 5G edge cloud solutions, will release financial results for the quarter ended March 31, 2023, after the stock market close on Wednesday, May 3, 2023. Inseego will host a webcast and conference call for analysts and investors at 5:00 p.m. Eastern Time the same day. A Q&A session with analysts will be held directly after the prepared remarks. Inseego will offer a live audio webcast of the conference call, which will be accessible from the "Investors" section of the company's website at http://investor.inseego.com. The webcast will be archived for a period of two weeks. Alternatively, participants can pre-register for the telephone conference at h
Inseego Corp. (NASDAQ:INSG), a leader in 5G edge cloud solutions, will release financial results for the quarter and year ended December 31, 2022 after the stock market close on Wednesday, March 1, 2023. Inseego will host a webcast and conference call for analysts and investors at 5:00 p.m. Eastern Time the same day. A Q&A session with analysts will be held directly after the prepared remarks. Inseego will offer a live audio webcast of the conference call, which will be accessible from the "Investors" section of the company's website at http://investor.inseego.com. The webcast will be archived for a period of two weeks. Alternatively, participants can pre-register for the telephone confe
Inseego Corp. (NASDAQ:INSG), a leader in 5G edge cloud solutions, will release financial results for the quarter ended September 30, 2022 on Wednesday, November 2, 2022. Inseego will host a webcast and conference call for analysts and investors at 5:00 p.m. Eastern Time the same day. A Q&A session with analysts will be held directly after the prepared remarks. Inseego will offer a live audio webcast of the conference call, which will be accessible from the "Investors" section of the company's website at http://investor.inseego.com. The webcast will be archived for a period of two weeks. Alternatively, participants can pre-register for the telephone conference at https://dpregister.com/sr
Inseego Corp. (NASDAQ:INSG), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises, and SMBs, today announced that the board of directors extended the appointment of Philip Brace as Executive Chairman for two additional 6-month terms, effective immediately. "I joined the company to leverage my product and growth expertise to build value for customers and stockholders," said Phil Brace, Executive Chairman. "We've made significant improvements to the company in the past six months, from our revenue growth, to our product portfolio, to improvements in our capital structure, all further enhancing the company's strong market presenc
Highlights Urgent Need for An Independent Director Perspective to Address Genco's Persistent Underperformance and Unlock Value for Shareholders Outlines Concerns with Chairman James Dolphin's Outsized Influence in the Genco Boardroom Urges Shareholders to Vote FOR the Election of GK Investor Nominee Robert Pons on the BLUE Universal Proxy Card and WITHHOLD on Genco Board Chairman James Dolphin GK Investor LLC ("GK"), an affiliate of George Economou that is an approximately 5.3% shareholder of Genco Shipping & Trading Limited ("Genco" or the "Company") (NYSE:GNK), today announced that it has filed its definitive proxy statement with the U.S. Securities and Exchange Commission in connec
Experienced Channel Sales Executive Keri Bolding joins Inseego Inseego Corp. (NASDAQ:INSG), a leader in 5G edge cloud solutions, today announced Keri Bolding has joined the company in the newly-created role of SVP of Global Channel Sales & Distribution. Bolding will oversee the company's global channel sales and distribution strategy, reporting to Inseego's Chief Revenue Officer, Steve Harmon. "At Inseego we are committed to the channel and Keri is the right person to join Inseego in this newly created role of SVP of Global Channel Sales & Distribution," said Steve Harmon, Chief Revenue Officer at Inseego. "Keri's leadership and experience building and running enterprise channel program
Steve Harmon will Lead Sales and Marketing Globally for the Company Inseego Corp. (NASDAQ:INSG), a leader in 5G edge cloud solutions, today announced that effective today, Steve Harmon has joined the company in the newly-created role of Chief Revenue Officer of Inseego. Harmon will oversee the company's global revenue growth, marketing and business development strategy, reporting to Inseego's President and Chief Executive Officer, Ashish Sharma. "I'm excited to have Steve join Inseego in the newly-created role of Chief Revenue Officer," said Ashish Sharma, President and CEO at Inseego. "He has a proven track record of developing sales teams, orchestrating targeted go-to-market initiativ
Inseego Corp., a leader in 5G edge cloud solutions, today announced it has appointed experienced technology executive Philip Brace to its board of directors as an independent director. "We are delighted to welcome Phil to our board of directors," said Jeff Tuder, Chair of Inseego's board. "Phil has held senior executive roles at a number of technology companies during his career, including most recently as CEO of Sierra Wireless prior to its sale to Semtech earlier this year. I am confident that he will bring valuable industry and operating perspectives to the board and our executive team as we continue to capitalize on our position in the large and growing 5G wireless industry." "As we
Inseego Corp., a leader in 5G edge cloud solutions, today announced the appointment of Steven Gatoff as Chief Financial Officer, effective September 14, 2023. Mr. Gatoff will succeed Robert G. Barbieri, who will be stepping down from the CFO role to pursue his desire to return to his consulting business. "I'm delighted to welcome Steven to Inseego as our new Chief Financial Officer," said Ashish Sharma, President and CEO at Inseego. "He has a proven track-record at multiple high-growth technology and telecom companies and brings extensive financial, operational, and strategic experience to Inseego, and his financial operations experience will help us in growing the company profitably thro
Highlights Entrenchment Tactics Taken by the Board Before and Following March Special Meeting Where Shareholders Overwhelmingly Supported Murchinson's Case for Change – Including the Removal of CEO and Chairman Yoav Stern From the Board Puts Forward Proposals to Improve Company's Failed Corporate Governance by Seeking to Remove All Current Directors and Appoint Five New, Experienced and Independent Nominees Murchinson Ltd. (collectively with its affiliates and funds it advises and/or sub-advises, "Murchinson" or "we"), a significant shareholder with approximately 5.9% of the outstanding shares of Nano Dimension Ltd., a company incorporated in Israel (NASDAQ:NNDM) ("Nano Dimension" or th
Executive to drive Carrier business as Inseego sees 5G demand grow globally Inseego Corp. (NASDAQ:INSG), a leader in 5G and intelligent IoT device-to-cloud solutions, today announced the appointment of Chuck Becher as Senior Vice President and General Manager of Carrier Solutions. Becher will provide leadership and oversight to the Carrier Solutions business, leading the execution of Inseego's carrier portfolio that includes 4G, 5G and cloud software solutions that are deployed by a growing roster of carriers domestically and abroad. "Chuck Becher brings extensive leadership experience with an excellent track record in the wireless industry and enterprise solutions market," said Ashish Sh
Company Appoints Susan Swenson Executive Chairperson to Provide Oversight of the Senior Executive Leadership Team Internal Controls Strengthened as Board of Directors Implements Special Committee Actions Faraday Future Intelligent Electric Inc. ("Faraday Future" or the "Company") (NASDAQ:FFIE), a California-based global shared intelligent electric mobility ecosystem company, today announced that the special committee of independent Company directors (the "Special Committee") has completed its previously announced investigation into allegations of inaccurate disclosures, including claims contained in a short seller report issued during October 2021. Based on its work, the Special Commit
Inseego Corp. (NASDAQ:INSG), a leader of 5G and intelligent IoT device-to-cloud solutions, today announced that Robert G. Barbieri, who has been serving as the Company's interim Chief Financial Officer, has been appointed Chief Financial Officer on a permanent basis, effective October 25, 2021. "We are extremely pleased to have Bob assume the CFO role on a permanent basis," said Dan Mondor, Chairman of the Board and CEO of Inseego. "Bob has demonstrated his leadership, financial skills and deep operating experience since joining us. It became obvious to the entire senior management team that appointing Bob to permanent CFO will help us successfully execute on our corporate strategy." Mr.
ROTH MKM upgraded Inseego from Neutral to Buy and set a new price target of $15.00 from $13.00 previously
Stifel resumed coverage of Inseego with a rating of Hold and set a new price target of $2.50
Canaccord Genuity upgraded Inseego from Hold to Buy and set a new price target of $7.00 from $8.00 previously
Roth Capital reiterated coverage of Inseego with a rating of Neutral and set a new price target of $7.50 from $8.50 previously
Stifel Nicolaus resumed coverage of Inseego with a rating of Hold and set a new price target of $13.00 from $14.00 previously
Canaccord Genuity resumed coverage of Inseego with a rating of Hold and set a new price target of $12.00 from $13.00 previously
Lake Street Capital resumed coverage of Inseego with a rating of Hold and set a new price target of $13.00 from $17.00 previously
Canaccord Genuity downgraded Inseego from Buy to Hold and set a new price target of $12.00 from $13.00 previously
Lake Street downgraded Inseego from Buy to Hold and set a new price target of $13.00 from $17.00 previously
Cowen reiterated coverage of Inseego with a rating of Outperform and set a new price target of $15.00 from $20.00 previously