Inseego (NASDAQ: INSG) formerly known as Novatel Wireless has restructured itself for the Internet of Things (IOT) and beyond. The question is whether investing in Inseego would be a worthy choice.
Around 18 years ago, most people believed cable subscriptions were necessary to watch television, surf the web and talk on the phone but that’s about to change thanks to increased internet speeds, reduced latency and improved stability, consumers now have options.
Right now, it’s no longer a necessity to pay big cable companies like Xfinity, Comcast, Dish, Cox, or Time Warner to watch television or talk on the phone. All you need now is an internet connection and an inexpensive smart TV to enjoy Roku, Netflix, YouTube TV, Hulu, Disney+ and Apple TV.
With the consistent lowering of cell phone pricing most consumers no longer need landline service.
This is also known as cord cutting which is the process of cutting expensive cable connections in order to change to a low cost TV channel subscription through over-the-air (OT) braodcasting. Cord cutting is now a growing trend according to Technopedia.
5G Revolution
Well, you’re probably wondering “what about the internet?”
The internet is also about to change, you’re probably counting the days until you no longer need a cable running from a three foot vertical box on the back corner of your property into your home office and throughout all the rooms of your home. Right now unfortunately we don’t have a choice and because of that 5G is coming and it’s going to revolutionize the world.
We have come to a point where satellite provided internet is unreliable and the current wireless standard which is 4G LTE, isn’t fast enough for most households to eliminate wired broadband but 5G mobile internet connectivity is going to actually become a thing in the next 5 years and the government is already supporting the 5G rollout as you read this.
With 5G you’ll be able to connect to all your Internet of Things (IOT) devices and 5G will bring faster-than cable internet speeds with ultra-low latency.
Bottom line is 5G is going to change the way you watch TV, surf the internet and live your life and since 5G is so fast and can move data around very quickly it will also unlock a revolution that will change the way we live starting with self-driving vehicles, remote surgery, cure for diseases in the bio technology sector and many more.
Profiting from the 5G rollout with Inseego (INSG)
Now remember, 5G is not evolutionary but it’s revolutionary and if you’re interested in investing in this coming 5G revolution, you have several options to play.
One option is that you have the safer way of investing which is buying large-cap stocks like Apple, Qualcomm, and Skyworks. While taking the safer way, you’re likely trading the potential for outsized gains for more safety.
Another option would be to invest but do it in a way that is very safe in favor of home-run investment potential and investigate a microcap company that has the potential to grown exponentially from it’s role as an early player in the rollout of 5G and if it’s home-run potential you’re after then Inseego (INSG) should be on the top of your watch list for 5G stocks.
The San Diego, California based company is a $365 million dollar company dedicated to the design and development of products that enable high performance mobile applications for large enterprise verticals, services providers, and small and medium sized businesses around the world.
Inseego provides software as a service, IOT and mobile solutions for both the enterprise and residential consumer worldwide.
Inseego (INSG)’s Diversified Business Segments
Inseego is not only focused on opportunities from 5G deployment but the company also has IOT services called Skyus which will likely benefit from 5G.
Skyus isn’t a large business segment but Inseego believes it is solid with loyal consumer following and plans to continue to invest and grow their IOT portfolio and take advantage of 5G related growth. While Inseego’s previous rollout of 4G products and services as Novatel started out as mobile hot spots which has lost appeal, with 5G they aren’t going to start with a mobile phone product, instead they are going to provide consumers and residential users 5G compatible routers and hotspots.
The scrutiny surrounding Chinese comapnies like Huawei and ZTE, Inseego has potential to emerge as a key player of the 5G residential build out.
Inseego (INSG)’s Improving Financials
When Inseego released the 2018 second quarter financial results that’s when investors saw evidence that the restructure was working. In the report the company disclosed despite a decline in revenue, gross profit increased and operating loss narrowed with the outcome of operating expenses being slashed in half.
In regards to Wall Street having written Inseego off as dead when the company shares traded for a few dollars now had a second reason to give the company a second look. Inseego’s shares soared from $2 to more than $4 in less than a month.
Here are the 5G highlights from the a third quarter press release:
- 3Q 2018 net revenue of $34.6 million, 9% quarter-over-quarter growth.
- Announced R1000 wireless home gateway solution supporting Verizon 5G Home, the world’s first 5G broadband internet service.
- Awarded 5G NR hotspot business with global Tier 1 service providers in North America and international regions.
Now the shares are trading for nearly $7.05! As you may have heard, 5G is going to be transformative, even Verizon agrees as they describe 5G being a Fourth Industrial Revolution and if you’re aggressive investor in search for a microcap company you should really research Inseego.
Don’t pass on this opportunity, you finally have a chance to make a fortune and secure a windfall of 1,504% for your retirement!
Everything you need to know is in this presentation, but remember it’s up for a limited time only and is at risk of getting shut down, so watch now while you have a chance!
