Inseego up 1.4% Thursday, putting Nokia bet in the spotlight
Inseego Corp. shares closed at $14.01 Thursday, up 19 cents, with a market cap near $229 million. The company plans to acquire Nokia’s Fixed Wireless Access CPE business, a move Nokia says could double Inseego’s revenue. Inseego reported Q1 revenue of $34.3 million and a net loss of $4.5 million. No new company news was released early Friday.