Inseego Corp. (Nasdaq: INSG) is the industry leader in 5G Enterprise cloud WAN solutions, with millions of end customers and thousands of enterprise and SMB customers on its 4G, 5G, and cloud platforms. Inseego's 5G Edge Cloud combines the industry's best 5G technology, rich cloud networking features, and intelligent edge applications. Inseego powers new business experiences by connecting distributed sites and workforces, securing enterprise data, and improving business outcomes with intelligent operational ...

Inseego (INSG) is set to report third-quarter 2024 results on Nov. 12.For the third quarter, INSG expects revenues of $54-$58 million.The Zacks Consensus Estimate for revenues is currently pegged at $56.30 million, suggesting an increase of 15.89% from the year-ago quarter’s reported figure.For the quarter under review, the consensus mark for earnings has remained steady at 9 cents per share, unchanged over the past 30 days. INSG reported a loss of $1.60 per share in the year-ago quarter.Inseego has a mixed ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Eve ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ...

Group 1 - Inseego (INSG) is currently outperforming its peers in the Computer and Technology group, with a year-to-date gain of approximately 563.8% compared to the sector average return of 21.6% [4] - The Zacks Rank for Inseego is 2 (Buy), indicating a positive earnings outlook, with the consensus estimate for full-year earnings having increased by 74.4% in the past quarter [3] - Inseego belongs to the Internet - Software industry, which has 141 companies and is ranked 92 in the Zacks Industry Rank, with an average gain of 15.7% this year [5] Group 2 - The Computer and Technology group consists of 617 companies and is currently ranked 7 within the Zacks Sector Rank, which includes 16 different groups [2] - NetApp (NTAP), another stock in the Computer and Technology sector, has returned 36.9% since the beginning of the year and also holds a Zacks Rank of 2 (Buy) [4][5] - The Computer-Storage Devices industry, which includes NetApp, has 7 stocks and is ranked 96, with an industry gain of 34.5% this year [6]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point for fast-moving stocks, which can lead to limited upside or downside risks [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: Inseego (INSG) Stock Analysis - Inseego (INSG) has shown significant recent price momentum with a four-week price change of 20.6% and a 12-week gain of 59.2% [4][5] - The stock has a beta of 1.6, indicating it moves 60% more than the market in either direction, suggesting strong momentum [5] - INSG has a Momentum Score of B, indicating a favorable time to invest based on momentum [6] - The stock has a Zacks Rank 2 (Buy) due to upward trends in earnings estimate revisions, which attract more investor interest [7] - INSG is trading at a Price-to-Sales ratio of 0.75, suggesting it is undervalued at 75 cents for each dollar of sales, providing room for growth [7] Group 3: Additional Investment Opportunities - Besides INSG, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, indicating potential investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify winning stock picks [9]

Inseego (INSG) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this holding company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisio ...

Core Viewpoint - Inseego (INSG) has received a Zacks Rank 2 (Buy) upgrade, indicating a positive trend in earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Estimates and Stock Price Movement - The Zacks rating system highlights the strong correlation between changes in earnings estimates and near-term stock price movements, making it a valuable tool for investors [2][3]. - Institutional investors utilize earnings estimates to determine the fair value of stocks, leading to price movements based on their buying or selling actions [3]. Business Improvement Indicators - The upgrade in Zacks Rank for Inseego suggests an improvement in the company's underlying business, which is expected to drive the stock price higher [4]. - The Zacks Rank system effectively captures the impact of earnings estimate revisions, which can be beneficial for investment decisions [5]. Earnings Estimate Revisions for Inseego - For the fiscal year ending December 2024, Inseego is projected to earn $0.13 per share, reflecting a 103.9% increase from the previous year [7]. - Over the past three months, the Zacks Consensus Estimate for Inseego has risen by 74.4%, indicating a positive trend in earnings expectations [7]. Zacks Rank System Overview - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with a proven track record of Zacks Rank 1 stocks achieving an average annual return of +25% since 1988 [6]. - Only the top 20% of Zacks-covered stocks receive a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revisions and potential for market-beating returns [8][9].

Inseego (INSG) reported $59.15 million in revenue for the quarter ended June 2024, representing a year-overyear increase of 10.4%. EPS of $0.04 for the same period compares to -$0.20 a year ago. The reported revenue represents a surprise of +10.29% over the Zacks Consensus Estimate of $53.63 million. With the consensus EPS estimate being $0.03, the EPS surprise was +33.33%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

Inseego (INSG) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to loss of $0.20 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this holding company would post a loss of $0.49 per share when it actually produced a loss of $0.36, delivering a surprise of 26.53%. Over the last four quarters, the company has sur ...