Largest borrow rate increases among liquid names » 08:4506/0406/04/20
BILL, CRC, SAVE, CGC, PSTI, CPE, MAC, INSG, MARK, AVEO
Latest data shows the…
Story temporarily locked.
Largest borrow rate increases among liquid names » 08:4506/0206/02/20
NGL, FVRR, INSG, EXK, TUR, ONEM, TLRD, H, BLDP
Latest data shows the…
Latest data shows the largest indicative borrow rate increases among liquid option names include: NGL Energy Partners (NGL) 39.33% +0.88, Fiverr International (FVRR) 9.32% +0.53, Direxion Daily Semiconductor Bear 3X Shares (SOXS) 4.88% +0.32, Inseego (INSG) 14.05% +0.29, Endeavour Silver (EXK) 19.79% +0.29, iShares Turkey (TUR) 17.23% +0.26, 1Life Healthcare (ONEM) 3.28% +0.21, Tailored Brands (TLRD) 101.62% +0.21, Hyatt (H) 0.57% +0.20, and Ballard Power (BLDP) 27.30% +0.19.
|Over a week ago|
Inseego price target raised to $13.50 from $12 at Cowen » 11:4605/1905/19/20
Cowen analyst Lance…
Cowen analyst Lance Vitanza raised the firm's price target on Inseego to $13.50 from $12 and keeps an Outperform rating on the shares. Vitanza said he is updating his estimates for the company's recently completed convertible note issuance, which he calls another "milestone in a series of meaningful balance sheet initiatives." The analyst said that Inseego continues to be a Best Idea in a "COVID-19 world."
Inseego announces $100M convertible senior notes offering due 2025 » 08:5505/0705/07/20
Stifel is acting as the…
Stifel is acting as the sole book-running manager for the Offering.
Inseego sees being operating cash flow positive for 2020 » 16:1405/0605/06/20
Inseego EVP and CFO Steve…
Inseego EVP and CFO Steve Smith said: "As we previously reported, we're entering the second quarter with a significantly strengthened balance sheet. With the continuation of the trends we see today in our 4G and 5G business, our improving gross margins, and continued expense management, we expect to be operating cash flow positive for 2020."
Inseego backs Q2 revenue outlook $75M-$85M, consensus $78.4M » 16:1405/0605/06/20
"We are reiterating…
"We are reiterating our Q2 revenue outlook of $75-to-$85 million and seeing growing evidence that remote work, online learning and telehealth trends will continue to drive significantly higher levels of demand in the future," the company said.
Inseego reports Q1 EPS (6c), consensus (8c) » 16:1305/0605/06/20
Reports Q1 revenue…
Reports Q1 revenue $56.8M, consensus $52.72M. "These are very strong results for Inseego with an unprecedented surge in demand for our 4G and 5G MiFi mobile hotspots occurring in the closing weeks of the quarter due to COVID-19. We are reiterating our Q2 revenue outlook of $75-to-$85 million and seeing growing evidence that remote work, online learning and telehealth trends will continue to drive significantly higher levels of demand in the future," said Inseego Chairman and CEO Dan Mondor. "The dramatic increase in bandwidth consumption makes 5G network build-out more important than ever. We plan to begin shipping our second-generation 5G mobile and fixed wireless access solutions in the second half of 2020 to operators across North America, Europe, and Asia-Pacific."
Inseego options imply 24.0% move in share price post-earnings » 15:0405/0605/06/20
Pre-earnings options volume in Inseego is normal with calls leading puts 19:4. Implied volatility suggests the market is anticipating a move near 24.0%, or $2.76, after results are released. Median move over the past eight quarters is 4.6%.
|Over a month ago|
Inseego call volume above normal and directionally bullish » 13:2504/3004/30/20
Bullish option flow…
Bullish option flow detected in Inseego with 13,968 calls trading, 3x expected, and implied vol increasing almost 16 points to 131.52%. May-20 15 calls and May-20 12.5 calls are the most active options, with total volume in those strikes near 9,700 contracts. The Put/Call Ratio is 0.19. Earnings are expected on May 6th.
Inseego initiated with a Sell at Vertical Group » 09:2604/3004/30/20
Vertical Group initiated…
Vertical Group initiated coverage of Inseego with a Sell rating and $6.25 price target.