Inseego sells its telematics business for $52M [Seeking Alpha]
Inseego Corp. (INSG)
Last inseego corp. earnings: 3/11 04:23 pm
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US:NASDAQ Investor Relations:
investor.inseego.com/investor-relations
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Source: Seeking Alpha
Under the terms of the agreement, a portfolio holding company of Convergence Partners will acquire Inseego's remaining telematics business that operates across the United Kingdom, the European Union, Australia and New Zealand. Inseego's ( INSG ) decision to divest its fleet management and telematics operations was based on a review of the strategic fit of the business with the company's North American-centric 5G wireless solutions business. The purchaser is an affiliate of Ctrack Africa, a telematics business that was historically part of Inseego's telematics portfolio, which was sold to Convergence in a previous transaction in 2021. Recommended For You More Trending News Recommended For You More Trending News About INSG Stock Related Stocks Trending Analysis Trending News
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INSG
News
- Inseego Corp. (NASDAQ: INSG) had its price target raised by analysts at Stifel Nicolaus from $11.00 to $17.00. They now have a "hold" rating on the stock.MarketBeat
- Small-cap stocks have climbed recently. Here are the ones most poised for further upside [Seeking Alpha]Seeking Alpha
- Inseego Announces Sale of Telematics Business For $52 Million in CashBusiness Wire
- Inseego Continues Debt Reduction and Capital Structure ImprovementsBusiness Wire
- Are You Looking for a Top Momentum Pick? Why Inseego (INSG) is a Great Choice [Yahoo! Finance]Yahoo! Finance
INSG
Earnings
- 8/7/24 - Miss
INSG
Analyst Actions
- 9/17/24 - Stifel
INSG
Sec Filings
- 9/24/24 - Form 8-K
- 9/16/24 - Form 8-K
- 9/11/24 - Form 8-K
- INSG's page on the SEC website