Why Inseego's Stock Is Trading Higher Today

Inseego Corp INSG shares are trading higher on Wednesday.

The company expects first-quarter sales to exceed the $52 million consensus and guided second-quarter sales of $75 million to $85 million.

See Also: Why Inseego Products Are In Demand During The Pandemic

Inseego Corp provides 5G and intelligent Internet of things (IoT) device-to-cloud solutions.

Inseego shares were trading up 7.83% at $7.28 on Wednesday. The stock has a 52-week high of $9.75 and a 52-week low of $3.61.