Inseego Corp. (NASDAQ:INSG) is set to announce third quarter earning results on Thursday 5th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, INSG to report 3Q20 loss of $ 0.01 per share.
For the full year, analysts anticipate top line of $ 300.07 million, while looking forward to loss of $ 0.06 per share bottom line.
Previous Quarter Performance
Inseego Corp. unveiled loss for the second quarter of $ 0.01 per share, from the revenue of $ 80.69 million. The consensus estimates are loss of $ 0.01 per share from $ 79.77 million in revenue. The top line results outshined analysts by $ 0.92 million or 1.15 percent.
Stock Performance
Shares of Inseego Corp. traded low $ -0.11 or -1.22 percent on Wednesday, reaching $ 8.88 with volume of 1.72 million shares. Inseego Corp. has traded high as $ 9.30 and has cracked $ 8.76 on the downward trend
The closing price of $ 8.88, representing a 129.92 % increase from the 52 week low of $ 3.91 and a 41.05 % decrease over the 52 week high of $ 15.25.
The company has a market capital of $ 862.78 million and is part of the Technology sector and Communication Equipment industry.
Conference Call
Inseego Corp. will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.inseego.com
Inseego Corp. engages in the design and development of mobile, Internet of Things (IoT), and cloud solutions for large enterprise verticals, service providers, and small and medium-sized businesses worldwide. The company provides wireless 3G, 4G, and 5G hardware products that address various markets, including fleet and commercial telematics, aftermarket telematics, smart city infrastructure management, remote monitoring and control, wireless surveillance systems, security and connected home and fixed wireless access, and mobile broadband devices.
