Inseego Establishes Engineering Center in Athens, Greece
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 30 2026
0mins
As part of strengthening its international reach, Inseego will establish a key engineering center in Athens, Greece, recognizing the depth of engineering talent in the region and the strong software and wireless engineering capabilities of the Nokia team. The Athens team will continue to play an important role in product development, customer support, and the advancement of Inseego's global fixed wireless access portfolio at a global level.
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Analyst Views on INSG
Wall Street analysts forecast INSG stock price to rise
5 Analyst Rating
3 Buy
2 Hold
0 Sell
Moderate Buy
Current: 8.570
Low
14.00
Averages
16.60
High
20.00
Current: 8.570
Low
14.00
Averages
16.60
High
20.00
About INSG
Inseego Corp. is engaged in the design and development of cloud-managed wireless wide area network (WAN) and intelligent edge solutions. The Company's 5G WAN portfolio comprises secure and high-performance mobile broadband and fixed wireless access (FWA) solutions with associated cloud solutions for real-time WAN visibility, monitoring, automation and control with centralized orchestration of network functions. These devices are specifically built for the carrier, enterprise and small and medium business market segments. It also provides a Communication Service Provider (CSP) subscriber lifecycle management SaaS solution for carriers' management of their government and complex enterprise customer subscriptions. Its 5G products and associated cloud solutions are designed in the U.S. These products support applications such as business broadband for both mobile and fixed use cases, enterprise networking and software-defined wide area network (SD-WAN) failover management.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Inseego Advances International Growth Strategy with Key Appointments
- Executive Appointments: Inseego has appointed Pranav Shroff as Senior Vice President for APAC Sales and Ossi Korpela as Senior Vice President for EMEA Sales, both joining the executive team to leverage their extensive experience in technology markets to drive the company's international expansion and enhance global competitiveness.
- International Expansion Strategy: CFO Steven Gatoff will oversee the company's international expansion, managing the global operating structure and supporting integration activities to scale the business across EMEA and APAC, thereby increasing market share and operational efficiency.
- Investment in Engineering Center: Inseego will establish a key engineering center in Athens, Greece, capitalizing on the region's engineering talent and the strong capabilities of the Nokia team to advance global fixed wireless access product development and customer support, thereby enhancing technical strength.
- Establishment of International Headquarters: Inseego has selected Amsterdam as its center for international operations, leveraging its favorable business climate and logistical advantages to extend the company's influence in European and global markets, laying a solid foundation for future growth and profitability.
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- Adjusted EBITDA and Net Loss: The quarter's adjusted EBITDA was $1.8 million, while GAAP net loss widened to $4.5 million from $1.6 million a year earlier, indicating pressure on the company's profitability.
- Weak Forward Guidance: Inseego guided Q2 revenue between $36.5 million and $43.5 million, significantly below the analyst consensus of $45.9 million, with projected adjusted EBITDA of only $250,000 to $2 million, reflecting uncertainty in future growth.
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- Strategic Collaboration Opportunities: The two companies plan to collaborate on joint go-to-market and innovation initiatives in 6G and wireless edge, aiming to capture opportunities presented by AI and further advance the FWA business, thereby increasing market share.
- Equity Structure Change: Nokia will acquire approximately an 11% equity stake in Inseego upon transaction closure, valued at around $30 million, a move that not only simplifies Nokia's operational model but also allows it to focus on supporting AI-driven network transformations.
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- Executive Appointments: Inseego has appointed Pranav Shroff as Senior Vice President for APAC Sales and Ossi Korpela as Senior Vice President for EMEA Sales, both joining the executive team to leverage their extensive experience in technology markets to drive the company's international expansion and enhance global competitiveness.
- International Expansion Strategy: CFO Steven Gatoff will oversee the company's international expansion, managing the global operating structure and supporting integration activities to scale the business across EMEA and APAC, thereby increasing market share and operational efficiency.
- Investment in Engineering Center: Inseego will establish a key engineering center in Athens, Greece, capitalizing on the region's engineering talent and the strong capabilities of the Nokia team to advance global fixed wireless access product development and customer support, thereby enhancing technical strength.
- Establishment of International Headquarters: Inseego has selected Amsterdam as its center for international operations, leveraging its favorable business climate and logistical advantages to extend the company's influence in European and global markets, laying a solid foundation for future growth and profitability.
See More
Inseego Shares Plunge 20.5% After Q1 Revenue Miss and Weak Guidance
- Disappointing Earnings Report: Inseego reported a Q1 non-GAAP EPS of -$0.06, beating the consensus estimate of -$0.15, but revenue rose only 8% year-over-year to $34.3 million, slightly missing the $34.5 million target, resulting in a 20.5% stock plunge.
- Adjusted EBITDA and Net Loss: The quarter's adjusted EBITDA was $1.8 million, while GAAP net loss widened to $4.5 million from $1.6 million a year earlier, indicating pressure on the company's profitability.
- Weak Forward Guidance: Inseego guided Q2 revenue between $36.5 million and $43.5 million, significantly below the analyst consensus of $45.9 million, with projected adjusted EBITDA of only $250,000 to $2 million, reflecting uncertainty in future growth.
- Acquisition Plan for Growth: Inseego recently signed a deal to acquire Nokia's Fixed Wireless Access business, expected to close in Q4 2026, which could double the company's revenue upon completion, with the CEO stating this move will significantly accelerate their global expansion strategy.
See More
European Markets Open Higher Amid Trade Tensions
- Market Opening Performance: European markets opened the new trading week slightly higher, with the pan-European Stoxx 600 index up 0.1%, indicating investors' ongoing attention to developments in the Middle East and potential transatlantic trade tensions.
- Sector Performance Divergence: The telecom sector led gains with a 1.2% increase, while automakers fell 1.6% due to President Trump's plan to raise tariffs, highlighting significant disparities across industries.
- Nokia's Stock Surge: Nokia's shares jumped 7% in early trading, bringing its year-to-date gains to over 100%, following Inseego's announcement to acquire its fixed wireless access business, reflecting positive market sentiment towards the deal.
- Oil Prices Decline: Brent crude prices edged down 0.8% to $107.38 per barrel, while West Texas Intermediate fell 0.84% to $101.10, indicating market concerns over global supply chain risks.
See More
Inseego Acquires Nokia's Fixed Wireless Access Business
- Acquisition Overview: Inseego has announced the acquisition of Nokia's Fixed Wireless Access business, which is expected to double the company's revenue and significantly expand its addressable market, creating a global wireless broadband platform and enhancing relationships with Tier-1 carriers.
- Strategic Partnership: This acquisition not only expands Inseego's footprint in the fixed wireless access market but also establishes a strategic partnership with Nokia focused on technology innovation and go-to-market collaboration, particularly in the realms of 6G and AI.
- Financial Impact: By leveraging Nokia's technology and market resources, Inseego aims to enhance its competitiveness in both enterprise and consumer connectivity sectors, driving long-term value creation and market share growth.
- Investor Communication: Inseego will hold a conference call on April 30, 2026, to discuss the strategic rationale behind the acquisition and its potential impact on the company, with investors able to access related information and replays through the company's website.
See More
Inseego Acquires Nokia's Fixed Wireless Access Business to Double Revenue
- Revenue Doubling Expectation: Inseego's acquisition of Nokia's Fixed Wireless Access (FWA) business is expected to approximately double its revenue, further solidifying its leadership position in the global wireless broadband market and enhancing its competitiveness in fixed wireless and mobile connectivity.
- Strategic Collaboration Opportunities: The two companies plan to collaborate on joint go-to-market and innovation initiatives in 6G and wireless edge, aiming to capture opportunities presented by AI and further advance the FWA business, thereby increasing market share.
- Equity Structure Change: Nokia will acquire approximately an 11% equity stake in Inseego upon transaction closure, valued at around $30 million, a move that not only simplifies Nokia's operational model but also allows it to focus on supporting AI-driven network transformations.
- Customer Continuity Assurance: The transaction will ensure continuity of customer service, with Inseego and Nokia working closely together to guarantee seamless transitions in service, support, and management, thereby enhancing customer trust and satisfaction.
See More
Three Defense Stocks Priced Under $20 with Significant Growth Potential
Investment Opportunities: There are still opportunities to invest in small-cap defense stocks trading for less than $20, with companies like Red Cat Holdings and Amprius Technologies showing potential for growth.
Company Performance: Unusual Machines reported its first profitable quarter in Q3 2025, with significant revenue growth and a target of reaching $30 million in annual revenue.
Market Analysis: Analysts are optimistic about several defense stocks, including SES AI Corp, which is noted for its high-risk, high-reward potential, and is involved in developing advanced battery technologies for various applications.
Stock Recommendations: Market Beat has identified five defense stocks that analysts recommend buying now, suggesting they are poised for significant upside as the broader market catches on.
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