Opinions
Jim Cramer - Mad Money
Inseego
INSG-Q
BUY
Jan 15, 2021
$14.120
Stock price when the opinion was issued
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BUY
A fine telco infrastructure company. It started as a speculative play in the 5G build-out. INSG helps fuel's 5G expansion. He's long liked this, but didn't realize the boost they got from Covid lockdowns when families bought their WIFI hotspot devices in droves. THis year, INSG has soared from $7 to $13 including 12% today, because INSG just partnered with T-Mobile to provide TM the hardware and software for their first 5G mobile hotspot.
Technology
COMMENT
It's a telco infrastructure play with a lot of 5G exposure. It's small, high-growth and speculative--and such stocks have been hammered in the current sell-off. After a good 2020, INSG plunged from $21 in January to $9 now. Its report earlier this month was weaker than expected. Worse, management offered a muted full-year outlook. Right after three of four analysts who had buy ratings, downgraded the stock. INSG stock plunged by a third. Is it a buying opportunity now?
Technology
An essential 5G play They make 5G infrastructure including mobile hotspots. A more speculative 5G hardware play than Apple. They've done capital raises to help their balance sheet. The stock has sunk 20% since December highs for no reason.