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Inseego Declines 24% in a Month: Buy, Sell or Hold the Stock?
INSGInseego (INSG) ZACKS·2024-12-06 02:55

Inseego (INSG) shares have lost 24% in the past month, underperforming the Zacks Computer & Technology sector’s return of 3.3%.The underperformance can be attributed to INSG’s tepid fourth-quarter 2024 guidance. The current quarter faces tough sequential comparison due to record revenues and strong adjusted EBITDA in the third quarter of 2024.The fourth quarter of 2024 is a seasonally weak quarter. Product revenues are expected to suffer from the end of a promotion at a North American carrier customer and s ...