The stock of Novatel Wireless Inc (NASDAQ:MIFI) is a huge mover today! About 140,840 shares traded hands. Novatel Wireless Inc (NASDAQ:MIFI) has risen 82.89% since March 10, 2016 and is uptrending. It has outperformed by 75.38% the S&P500.
The move comes after 5 months positive chart setup for the $150.75 million company. It was reported on Oct, 13 by Barchart.com. We have $4.57 PT which if reached, will make NASDAQ:MIFI worth $84.42 million more.
Analysts await Novatel Wireless Inc (NASDAQ:MIFI) to report earnings on November, 3. They expect $-0.08 EPS, down 33.33% or $0.02 from last year’s $-0.06 per share. After $-0.09 actual EPS reported by Novatel Wireless Inc for the previous quarter, Wall Street now forecasts -11.11% EPS growth.
Novatel Wireless Inc (NASDAQ:MIFI) Ratings Coverage
Out of 5 analysts covering Novatel Wireless Inc. (NASDAQ:MIFI), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Novatel Wireless Inc. has been the topic of 6 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Cowen & Co maintained Novatel Wireless Inc (NASDAQ:MIFI) rating on Friday, August 7. Cowen & Co has “Outperform” rating and $5.50 price target. The company was upgraded on Friday, August 28 by Zacks. Zacks upgraded the shares of MIFI in a report on Wednesday, August 26 to “Hold” rating. Lake Street initiated the stock with “Buy” rating in Thursday, March 31 report. On Monday, March 7 the stock rating was maintained by Rodman & Renshaw with “Buy”.
According to Zacks Investment Research, “Novatel Wireless, Inc. is a provider of wireless data modems and software for use with handheld computing devices and portable personal computers. The company delivers innovative and comprehensive solutions that enable businesses and consumers to access personal, corporate and public information through email, enterprise networks and the Internet. Novatel Wireless also offers wireless data modems and custom engineering services for hardware integration projects in a wide range of vertical applications. (Company Press Release)”
More important recent Novatel Wireless Inc (NASDAQ:MIFI) news were published by: Wsj.com which released: “Novatel Wireless to Sell Mobile-Broadband Unit, Restructure Itself” on September 22, 2016, also Businesswire.com published article titled: “Novatel Wireless to Report Third Quarter 2016 Financial Results on November …”, Marketwatch.com published: “Novatel Wireless CEO Mashinsky ousted” on October 16, 2014. More interesting news about Novatel Wireless Inc (NASDAQ:MIFI) was released by: Globenewswire.com and their article: “Feeney Wireless Acquired by Novatel Wireless” with publication date: March 30, 2015.
MIFI Company Profile
Novatel Wireless, Inc. (Novatel Wireless), incorporated on April 26, 1996, is a well-known provider of intelligent wireless solutions for the mobile communications market. The Company’s range of products includes intelligent mobile hotspots, universal serial bus (USB) modems, embedded modules, integrated asset-management and mobile tracking machine-to-machine (M2M) devices, communications and applications software and cloud services. In addition, the Company, through DigiCore Holdings Limited (DigiCore or Ctrack), and of R.E.R. Enterprises, Inc. (RER) and its subsidiary and principal operating asset, Feeney Wireless, LLC (collectively, FW). The Company’s product portfolio also includes additional product offerings for fleet and vehicle telematics, stolen vehicle recovery, user insurance, M2M communications devices, applications software and software-as-a-service (SaaS) services. The Company’s products operate on cellular wireless technology platform. The Firm operates in the wireless communications industry in two product categories: M2M Products and Solutions, and Mobile Computing Solutions.
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