INSG Stock Soars on Next-Gen 5G Product Launch

INSG Stock

INSG stock has been soaring in January after 5G solutions provider Inseego Corp (NASDAQ:INSG) unveiled its next-gen 5G product portfolio at CES 2020 in Las Vegas earlier this month.

Second-Generation 5G Devices

At the flagship Consumer Electronics Show, where companies typically make some of the biggest announcements regarding their upcoming technology, such as Sony’s unveiling of the PS5 logo, Inseego has revealed the full lineup of its new second-generation 5G devices that leverage the new Qualcomm Snapdragon X55 5G modem. These products will primarily focus on providing intelligent Internet of Things (IoT) device-to-cloud solutions, as well as fixed wireless access and mobile broadband technology. INSG stock has gained nearly 25% since the unveiling.

“After paving the way with our first generation of commercial 5G products, we’ve acquired a great deal of expertise around how to design and deploy the best solutions for different use cases – and deliver great end user experiences,” said Inseego Chairman and CEO Dan Mondor. “Now we’re building on that foundation with a robust second-generation 5G NR portfolio of faster, smarter, smaller, innovative devices and solutions that deliver industry-leading 5G performance.” INSG stock is currently trading for $9.15.

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Some of the products showcased by Inseego at CES 2020 include the Connected Car, a collaboration with Veoneer, Ericsson, and Verizon for a range of new driver supports, collaborative driving, and self-driving solutions enabled by Inseego 5G products. The company also displayed its Augmented Reality-enabled Smart Glasses manufactured by Vuzix and enabled by Inseego’s technology. These products were built on the company’s MiFi iQ technology platform, an industry leader in the 5G space.

Is INSG Stock a 5G Play to Watch?

INSG stock has soared over 150% since September as the buzz surrounding the arrival of 5G products over the next few months and years continues to pick up pace. The IoT market reached US$100 billion in revenue for the first time in 2017, and that is expected to rocket to $1.6 trillion by 2025, so INSG stock looks almost certain to be a major 5G play in the near future.

What do you think?

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Featured Image: DepositPhotos © jamesteohart

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