Why Inseego Stock Was Soaring Today

Shares of Inseego (NASDAQ: INSG), a maker of mobile hotspots and networking equipment for 4G and 5G telephony, were trading higher Friday after the company announced that its 5G MiFi 2000 mobile hotspot was now available in Japan, significantly expanding its presence in that market. The news came just a day after Inseego announced a deal with T-Mobile, showing that the company's momentum is building in 5G.

The stock was up by 10.2% as of 1:10 p.m. EST after gaining 9% Thursday.

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Source Fool.com