Inseego Corp. engages in the design and development of cloud-managed wireless wide area network (WAN) and intelligent edge solutions for businesses, consumers, and governments worldwide. The company provides 5G and 4G mobile broadband solutions, such as mobile hotspots under the MiFi brand; and 4G VoLTE products and 4G USB modems. It also offers fixed wireless access solutions, including indoor, outdoor, and industrial routers and gateways. In addition, the company provides Inseego Connect solution for device management; and 5G SD EDGE solution for secure networking enabling corporate managed mobile remote workforce. Further, it offers SaaS solutions, including telematic and asset tracking solution that provides live maps and data to improve driver safety and performance; Inseego Subscribe, a wireless subscriber management solution for carrier's management of their government and complex enterprise customer subscriptions. The company was founded in 1996 and is based in San Diego, California.

Inseego Corp.

In trading on Wednesday, hospital & medical practitioners shares were relative laggards, down on the day by about 1.6%. Helping drag down the group were shares of Progyny, off about 17.1% and shares of Surgery Partners off about 10.4% on the day.
Also lagging the market Wednesday are communicationss services shares, down on the day by about 1.4% as a group, led down by Inseego, trading lower by about 40.3% and Maplebear, trading lower by about 12.5%.
VIDEO: Wednesday Sector Laggards: Hospital & Medical Practitioners, Communicationss Services
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Wednesday Sector Laggards: Hospital & Medical Practitioners, Communicationss Services

Inseego INSG is set to report third-quarter 2024 results on Nov. 12.
For the third quarter, INSG expects revenues of $54-$58 million.
The Zacks Consensus Estimate for revenues is currently pegged at $56.30 million, suggesting an increase of 15.89% from the year-ago quarter’s reported figure.
For the quarter under review, the consensus mark for earnings has remained steady at 9 cents per share, unchanged over the past 30 days. INSG reported a loss of $1.60 per share in the year-ago quarter.
Inseego Price and EPS Surprise
Inseego has a mixed earnings surprise history. Over the trailing four quarters, INSG’s earnings beat the Zacks Consensus Estimate twice and missed in the remaining two, the average negative surprise being 181.39%.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
Let’s see how things have shaped up before this announcement.
Key Factors to Consider for INSG’s Q3 Earnings
Inseego’s third-quarter 2024 performance is expected to have benefited from strong performance in the carrier mobile hotspot business on the product side, which saw a 37% year-over-year increase in the second quarter.
The company expects strong visibility and confidence in its mobile broadband segment, driven by robust year-over-year growth in the to-be-reported quarter. INSG continues to gain momentum through its mobile broadband products, supported by a large carrier partner promotion.
INSG offers a compelling portfolio of SaaS solutions in telematics and subscriber management. Subscribed SaaS offerings from contract renewals continue to be a key revenue growth driver for the reported quarter.
What Our Model Indicates
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Inseego has an Earnings ESP of 0.00% and a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Shopify SHOP has an Earnings ESP of +7.63% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shopify’s shares have gained 11.8% year to date. SHOP is set to report third-quarter 2024 results on Nov. 12.
NVIDIA NVDA has an Earnings ESP of +2.30% and a Zacks Rank of #2 at present.
NVIDIA shares have surged 198.1% year to date. NVIDIA is set to report third-quarter fiscal 2025 results on Nov. 20.
Bilibili BILI has an Earnings ESP of +10.00% and a Zacks Rank #2.
Bilibili shares have gained 85.7% year to date. BILI is set to report its third-quarter 2024 results on Nov. 14.
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Inseego to Report Q3 Earnings: What's in the Cards for the Stock?

Inseego INSG shares have surged 751.7% year to date compared with the Zacks Computer & Technology sector’s growth of 25.5% and its Zacks Internet Software industry’s return of 26.2%.
INSG is gaining from its strong portfolio of high-performance 4G and 5G WAN solutions, including MIFI hotspots, routers and gateways, which provide secure and reliable broadband connectivity.
Inseego’s mobile portfolio, supported by Inseego Connect and 5G SD EDGE for secure networking, has strengthened its competitive position in the 5G mobile hotspot market.
Inseego Price and Consensus
INSG’s Q3 Earnings Estimates Indicate Solid Y/Y Growth
For the third quarter of 2024, Inseego expects revenues between $54 million and $58 million. Adjusted EBITDA is expected to be $6.5-$7.5 million.
The Zacks Consensus Estimate for the third quarter of 2024 is pegged at $56.3 million, suggesting a year-over-year rise of 15.89%.
The consensus mark for the third quarter of 2024 earnings is pegged at 9 cents per share, indicating a year-over-year surge of 105.63%. The estimate has been unchanged over the past 30 days.
INSG’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed the same in the remaining two, the average negative surprise being 181.39%.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
INSG Rides on Expanding Portfolio
Inseego recently announced the exclusive launch of its multi-carrier certified MiFi X PRO 5G mobile hotspot for Inseego Ignite channel partners. Previously, this solution was only available for purchase from mobile network operators with network-specific hardware.
MiFi X Pro, built with the Snapdragon X62 5G Modem-RF System, provides reliable, secure, and fast Internet. It features multiple connection methods, including Wi-Fi, RJ-45 Ethernet port and USB-C port, and connects up to 32 devices.
Through the Inseego Ignite Channel, INSG provides its partners access to MiFi X Pro — a flexible mobile hotspot solution that supports all major US networks. This announcement strengthens INSG’s market position and helps its partners offer strong connectivity across various industries.
INSG provides a SaaS wireless subscriber management solution known as Inseego Subscribe for carrier partners to manage customer subscriptions.
In August 2024, INSG announced the availability of the Inseego Wavemaker 5G indoor router FX3110 for channel partners. Inseego Wavemaker FX3110 provides a fast and secure cellular solution that supports various applications across all major U.S. carrier networks.
Strong Partner Base Aids INSG’s Prospects
Inseego's strong partner base, including mobile operators Verizon VZ, T-Mobile TMUS, and Vodafone VOD, has been a catalyst.
INSG collaborated with Vodafone Qatar to launch Wavemaker 5G FX2000 indoor router, which provides high internet access for home and business customers. This collaboration is noteworthy.
Inseego teamed up with Verizon to expand its footprint across different industries. MiFi X PRO 5G mobile hotspot was first introduced in collaboration with T-Mobile.
INSG Struggles With Significant Debt Challenges
Inseego has a leveraged balance sheet with a total debt of $170.7 million.
In September 2024, INSG voluntarily paid down 49% of its outstanding short-term loan and signed an agreement with another holder to convert $5 million convertible notes into long-term debt and equity.
INSG - Buy, Hold, or Sell?
The INSG stock is overvalued, as suggested by its Value Score of C.
The company currently carries Zacks Rank #3 (Hold), suggesting that investors should wait for a better entry point to accumulate the stock. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Inseego Surges 752% YTD: Is it Too Late to Jump Into the Stock?

Toast (TOST) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to loss of $0.19 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 200%. A quarter ago, it was expected that this restaurant software provider would post a loss of $0.16 per share when it actually produced a loss of $0.15, delivering a surprise of 6.25%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Toast, which belongs to the Zacks Internet - Software industry, posted revenues of $1.24 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.23%. This compares to year-ago revenues of $978 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Toast shares have added about 31% since the beginning of the year versus the S&P 500's gain of 8.7%.
What's Next for Toast?
While Toast has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Toast: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.01 on $1.29 billion in revenues for the coming quarter and -$0.14 on $4.9 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Inseego (INSG), has yet to report results for the quarter ended June 2024. The results are expected to be released on August 7.
This holding company is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-year change of +115%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Inseego's revenues are expected to be $53.63 million, up 0.1% from the year-ago quarter.
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Toast (TOST) Q2 Earnings and Revenues Surpass Estimates

Tech stocks were mixed Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.3% and the SPDR S&P Semiconductor ETF (XSD) falling 1.1%.
The Philadelphia Semiconductor index was shedding 0.5%.
In corporate news, Meta Platforms' (META) advertising model is in breach of the European Commission's new digital competition law, according to the regulator's preliminary view. Meta shares were down 0.2%.
French antitrust regulators are preparing charges against Nvidia (NVDA) for alleged anticompetitive practices, Reuters reported Monday. Nvidia shares shed 0.3%.
Inseego (INSG) shares climbed 22% after the company said Monday it signed a series of agreements to manage its capital structure by cutting debt and restructuring its 3.25% convertible notes due 2025.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Sector Update: Tech Stocks Mixed in Afternoon Trading

For Immediate Release
Chicago, IL – June 25, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Alphabet Inc. GOOGL, NVIDIA Corporation NVDA, Hanesbrands Inc. HBI, Amkor Technology, Inc. AMKR and Inseego Corp. INSG.
Here are highlights from Monday’s Analyst Blog:
5 Growth Stocks to Buy for an Imposing Election Year Rally
The year 2023 was impressive for Wall Street. Heading into 2024, some bottlenecks, including geopolitical upheavals and stretched valuations, raised doubts about whether the rally will endure. However, major bourses shrugged off all these apprehensions and notched record highs.
Dow Jones Market Data stated that the S&P 500 is on pace to register its best performance in the first half of an election year since 1976. The broader index has shot up 11.3% this year. Similarly, the Nasdaq has soared 11.8% this year as the tech juggernaut rolls on. The 30-stock Dow has also traded in the green, advancing 3.5% year to date.
Interest rate cut optimism amid easing inflation helped the stock market scale northward this year. Consumer price pressures loosened their grip on the economy, with the consumer price index (CPI) remaining flat in May. Last month, the CPI may have increased by 3.3% from a year earlier, but it is less than April’s rise of 3.4% and much less than the pandemic-era peak of 9.1% in 2022.
Additionally, producer prices fell month over month in May, a tell-tale sign that inflation is receding. This means that the Federal Reserve will remain less hawkish, and is now widely expected to trim interest rates as early as fall. Interest rate cuts bode well for the stock market as they increase consumer outlays, reduce borrowing costs, and propel economic growth.
By the way, at the beginning of the year, market participants expected the Fed to trim rates at least six times this year. Now, the likelihood of a rate cut has been reduced to one by the end of the year. Even though it is unsatisfactory, the stock market has adjusted and kept climbing higher, banking on AI buoyancy. Digital disruption and AI have led to numerous technological progressions, boosting primarily tech company’s profit margins.
Meanwhile, presidential election years tend to be good for stocks. Janus Henderson Investors noted that despite political changeovers, the S&P 500 in election years has generated an impressive average annual return of 9.9%.
Thus, with things predominantly looking up for Wall Street in 2024, astute investors should place their bets on solid growth stocks such as Alphabet Inc., NVIDIA Corporation, Hanesbrands Inc., Amkor Technology, Inc. and Inseego Corp.
These stocks carry a Zacks Rank #1 (Strong Buy) or 2 (Buy) and a Growth Score of A or B, a combination that offers the best opportunities in the growth investing space. You can see the complete list of today’s Zacks Rank #1 stocks here.
Alphabet has evolved from primarily being a search engine provider to cloud computing. Alphabet currently has a Zacks Rank #1 and a Growth Score of B. The Zacks Consensus Estimate for its current-year earnings has moved up 11.9% over the past 60 days. GOOGL’s expected earnings growth rate for the current year is 31%.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit, or GPU. NVIDIA currently has a Zacks Rank #1 and a Growth Score of A. The Zacks Consensus Estimate for its current-year earnings has moved up 12.1% over the past 60 days. NVDA’s expected earnings growth rate for the current year is 106.2%.
Hanesbrands engages in the design, manufacture, sourcing, and sale of apparel essentials for men, women and children. Hanesbrands currently has a Zacks Rank #1 and a Growth Score of A. The Zacks Consensus Estimate for its current-year earnings has moved up 4.6% over the past 60 days. HBI’s expected earnings growth rate for the current year is 666.7%.
Amkor Technology is the world's largest independent provider of semiconductor packaging and test services. Amkor Technology currently has a Zacks Rank #1 and a Growth Score of B. The Zacks Consensus Estimate for its current-year earnings has moved up 9.2% over the past 60 days. AMKR’s expected earnings growth rate for the current year is 21.9%.
Inseegois a provider of software-as-a-service solutions for the Internet of Things. Inseego currently has a Zacks Rank #2 and a Growth Score of A. The Zacks Consensus Estimate for its current-year earnings has moved up 83.8% over the past 60 days. INSG’s expected earnings growth rate for the current year is 92.3%.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights Alphabet, NVIDIA, Hanesbrands, Amkor and Inseego

Nice NICE is set to release fourth-quarter 2023 results on Feb 22.
For the to-be-reported quarter, NICE projects non-GAAP revenues to be between $2.35 billion and $2.37 billion, indicating 9% growth at the midpoint. Non-GAAP earnings are estimated in the $8.58-$8.78 per share band.
The Zacks Consensus Estimate for revenues is pegged at $2.37 billion, indicating an increase of 8.62% from the year-ago quarter’s reported figure.
The consensus mark for earnings has been stable in the past 30 days at $2.26 per share. The figure suggests an increase of 10.78% from the prior-year quarter’s levels.
NICE earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 4.30%.
Let’s see how things have shaped up for NICE prior to this announcement.
Factors Likely to Influence Q4 Results
NICE’s fourth-quarter 2023 performance is likely to have benefited from the strong adoption of its solutions, with a significant focus on the high-end market and the expansion of CXone into a comprehensive digital engagement and the CX AI platform.
Growing momentum in customer engagement owing to its robust CXone solutions is expected to have benefited the top-line performance in the to-be-reported quarter.
Strong momentum across cloud solutions is likely to have acted as a tailwind for the company.
NICE is likely to have benefitted from the ongoing trend of digitalization across large enterprises on the back of its increasing focus on digital engagement and conversational AI.
NICE's fourth-quarter performance is anticipated to have reflected its ability to meet the demands of a dynamic market, with a focus on innovative solutions and a strategic approach to digital transformation.
What Our Model Says
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
NICE has an Earnings ESP of -0.44% and carries a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Inseego INSG has an Earnings ESP of +4.17% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Inseego shares have gained 54.2% year to date. INSG is set to report its fourth-quarter 2023 results on Feb 21.
Vertiv VRT has an Earnings ESP of +1.90% and a Zacks Rank of 2 at present.
Vertiv shares have gained 31.1% year to date. VRT is set to report its fourth-quarter 2023 results on Feb 21.
NVIDIA NVDA has an Earnings ESP of +3.67% and a Zacks Rank #2.
NVIDIA shares have gained 46.6% year to date. NVDA is set to report its fourth-quarter fiscal 2024 results on Feb 21.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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NICE to Report Q4 Earnings: Will Strong Portfolio Aid Growth?

Synopsys SNPS is slated to report first-quarter fiscal 2024 results on Feb 21, after market close.
The company anticipates revenues between $1.63 billion and $1.66 billion for the fiscal first quarter. The Zacks Consensus Estimate for the same is pegged at $1.65 billion, suggesting growth of 20.9% from the year-ago period's reported figure.
Synopsys expects non-GAAP earnings per share between $3.40 and $3.45. The Zacks Consensus Estimate of $3.43 per share indicates year-over-year growth of 30.9%.
The software company surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 4.4%.
Let’s see how things have shaped up before the upcoming announcement.
Synopsys, Inc. Price and EPS Surprise
Factors to Consider
Synopsys’ first-quarter result is likely to have benefited from the rising demand for its robust product portfolio. The continuous traction toward high-performance cloud computing due to the growing hybrid working environment is expected to have aided the demand for the company’s Intellectual Property (IP) solutions, such as Peripheral Component Interconnect Express 5.0 & 6.0, 800G Ethernet and DDR5 memory.
The expanding footprint of artificial intelligence (AI), the Internet of Things, 5G, high-performance computing, the cloud and automotive is likely to have increased the demand for Synopsys’ advanced solutions in the first quarter. The company is likely to have benefited from growth in Fusion Compiler, which is driven by large deal wins in the 5G, AI and server chip markets.
The increasing adoption of Synopsys.ai among the chip manufacturers and vendors is likely to have driven the top line during the to-be-reported quarter. The extended partnership with Intel for improving SNPS’ fabrication processes using the company's EDA, IP and multi-die systems is expected to have been acting as a catalyst in the quarter under review.
In the fiscal first quarter, the rising global design activity and user engagements are likely to have been Synopsys’ growth drivers. The growing adoption of interface and foundation IP solutions is likely to have boosted revenues for the interface portfolio of Synopsys. Additionally, widespread contract wins and the increasing adoption of the Fusion Platform, including Fusion Compiler, might drive the company’s fiscal first-quarter results.
Synopsys’ partnership with industry giants like Microsoft and Taiwan Semiconductor Manufacturing Company is likely to have boosted the deployment of its cloud solutions. This might have aided the company’s revenue during the quarter under review.
SNPS’ robust electronic design automation software partner base, which includes Juniper Networks, Realtek, Advanced Micro Devices, Toshiba and Wolfson, is likely to have served as a major revenue driver. Increased design investments in Synopsys’ ARC processors by automotive companies are also an upside. Moreover, the solid adoption of security solutions for interfaces, such as CXL, PCI Express and DDR, with more than 30 design wins across all market segments, is positive.
Nevertheless, the rising competition from the likes of Cadence Design Systems might have acted as a spoilsport for Synopsys. The tightening budget among corporations amid ongoing macroeconomic challenges and unfavorable currency exchange rates are expected to have partially offset the benefits of the aforementioned factors.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for SNPS this season. The combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that is not the case here.
Synopsys currently has an Earnings ESP of -0.21% and a Zacks Rank of 3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With the Favorable Combination
Per our model, Inseego INSG, Vertiv VRT and NVIDIA NVDA have the right combination of elements to post an earnings beat in their upcoming releases.
Inseego has an Earnings ESP of +4.17% and a Zacks Rank #2 at present. The company is scheduled to report fourth-quarter fiscal 2023 results on Feb 21. Its earnings surpassed the Zacks Consensus Estimate twice in the trailing four quarters while missing on other two occasions, the average negative surprise being 150.42%. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for INSG’s fourth-quarter loss per share is pegged at 48 cents per share, indicating a rise of 56.36% from the prior-year quarter. The consensus mark for revenues is pegged at $40.57 million, suggesting a year-over-year decrease of 23.34%.
Vertiv has an Earnings ESP of +1.90% and a Zacks Rank #2 at present. The company is scheduled to report fourth-quarter fiscal 2023 results on Feb 21. Its earnings surpassed the Zacks Consensus Estimate thrice in the trailing four quarters while matching the same on one occasion, the average surprise being 3.95%.
The Zacks Consensus Estimate for VRT’s fourth-quarter earnings is pegged at 54 cents per share, suggesting growth of 92.86% from the prior-year quarter. The consensus mark for revenues is pegged at $1.89 billion, suggesting a year-over-year increase of 14.14%.
NVIDIA has an Earnings ESP of +3.67% and a Zacks Rank #2 at present. The company is scheduled to report fourth-quarter fiscal 2024 results on Feb 21. Its earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 18.99%.
The Zacks Consensus Estimate for NVDA’s fourth-quarter earnings is pegged at $4.54 per share, indicating a surge of 415.91% from the prior-year quarter. The consensus mark for revenues is pegged at $20.21 billion, suggesting a year-over-year increase of 234%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Synopsys (SNPS) to Report Q1 Earnings: What's in the Cards?

Bel Fuse BELFB is scheduled to release its fourth-quarter 2023 results on Feb 21.
For the fourth quarter, Bel Fuse expects revenues between $146 million and $154 million.
The Zacks Consensus Estimate for fourth-quarter revenues is currently pegged at $152.86 million, suggesting a decline of 9.66% from the figure reported in the year-ago quarter.
The consensus mark for fourth-quarter earnings has remained unchanged at $1.44 per share in the past 30 days, indicating a fall of 6.67% from the figure reported in the year-ago quarter.
Bel Fuse Inc. Price and EPS Surprise
Bel Fuse’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 56.92%.
Let us see how things are shaping up for Bel Fuse prior to this announcement.
Factors at Play
Bel Fuse’s fourth-quarter 2023 results are expected to have benefited from the increasing adoption of its solutions, owing to rising demand across defense, aerospace and e-mobility end markets.
The company's diverse product offerings across Connectivity, Power, and Magnetic segments are expected to have contributed to stable sales.
Strength in the Connectivity Solutions group, particularly across defense and aerospace markets, is expected to have bolstered its top-line growth during the quarter under review.
Growing momentum across the Power Group, due to robust front-end power and mobility products, is expected to have been a key growth catalyst for the company.
Bel Fuse’s expanding product portfolio, increasing demand and favorable shift in product mix are expected to have bolstered the top line in the fourth quarter of 2023.
What Our Model Says
According to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Bel Fuse has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Inseego INSG has an Earnings ESP of +4.17% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Inseego shares have gained 54.2% year to date. INSG is set to report its fourth-quarter 2023 results on Feb 21.
Vertiv VRT has an Earnings ESP of +1.90% and a Zacks Rank of 2 at present.
Vertiv shares have gained 31.1% year to date. VRT is set to report its fourth-quarter 2023 results on Feb 21.
NVIDIA NVDA has an Earnings ESP of +3.67% and a Zacks Rank #2.
NVIDIA shares have gained 46.6% year to date. NVDA is set to report its fourth-quarter fiscal 2024 results on Feb 21.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Bel Fuse (BELFB) to Report Q4 Earnings: What's in the Cards?

DigitalOcean DOCN is scheduled to report fourth-quarter 2023 results on Feb 21.
For the fourth quarter, DigitalOcean anticipates revenues of $178 million.
The Zacks Consensus Estimate for fourth-quarter revenues stands at $178.26 million, suggesting growth of 9.36% year over year.
The company projects earnings in the range of 36-37 cents. The consensus mark for fourth-quarter earnings remained unchanged in the past 30 days at 37 cents per share, suggesting growth of 32.14% year over year.
DigitalOcean Holdings, Inc. Price and EPS Surprise
DOCN beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters and missed once, the average surprise being 19.04%.
Let’s see how things have shaped up for the upcoming announcement.
Factors to Note
DigitalOcean’s fourth-quarter performance is likely to have been driven by the benefits of a robust product portfolio and strong demand for its IaaS and PaaS offerings.
Growing investments for product and infrastructure enhancements are expected to have been a tailwind for the company.
The introduction of Managed Kafka, premium general-purpose droplets, and scalable storage for databases are expected to have contributed well to revenue growth during the fourth quarter.
Digital Ocean's growing demand for AI-related services on the back of its recent integration of Paperspace's AI/ML capabilities is expected to have bolstered the company's revenue growth during the quarter under review.
The company's robust customer acquisition and graduation model, ensuring a steady increase in average monthly revenue per customer is expected to have boosted overall revenue growth.
What Our Model Indicates
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
DigitalOcean has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Inseego INSG has an Earnings ESP of +4.17% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Inseego shares have gained 54.2% year to date. INSG is set to report its fourth-quarter 2023 results on Feb 21.
Vertiv VRT has an Earnings ESP of +1.90% and a Zacks Rank of 2 at present.
Vertiv shares have gained 31.1% year to date. VRT is set to report its fourth-quarter 2023 results on Feb 21.
NVIDIA NVDA has an Earnings ESP of +3.67% and a Zacks Rank #2.
NVIDIA shares have gained 46.6% year to date. NVDA is set to report its fourth-quarter fiscal 2024 results on Feb 21.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	0.00 28.98
Price/Sales	1.09 2.58
P/B	0.00 2.76
P/FCF	11.31 24.31

Indicator	TTM Median
ROE	42.89 15.33
ROA	-32.39 6.66
Net Worth	0.22 0.98
Quick Ratio	0.31 1.53
Current Ratio	0.39 1.84

Indicator	TTM Median
Net Profit Margin	-21.94 9.71
Operating Margin	-14.80 11.07
Gross Margin	28.06 50.00
Return on tangible equity	28.81 27.59

Indicator	TTM Median
EPS	0.16 0.24
EPS Forecast	0.04 0.19
Revenue	59.00M 73.00M
Gross Profit	23.00M —
EBITDA	7.00M —

Inseego Corp.

Fundamental INSG

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Revenue