Novatel Wireless Inc.
) - one of the leading manufacturers of wireless data modems -
launched MiFi Home, which connects digital telephone service and
data access through a portable device. It can support up to 10
Wi-Fi based devices along with three Ethernet ports for
connecting printers and network storage devices.
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The device is also helpful for small businesses as it supports
Voice over LTE (VoLTE). The VoLTE features video calling,
multi-device and multimedia sharing services across mobile
broadband devices. Moreover, the device allows users to connect
to Internet and voice services like caller ID, call forwarding,
call waiting, call holding and three-way calling.
The MiFi device also features Wi-Fi security as it is well
protected with NAT firewall and also has internal and external
antenna for better voice and data support. Moreover, it also
offers A-GPS for E911 and 802.11 a/b/g/n 2.4 GHz and 5 GHz Wi-Fi
Novatel already supplies its LTE-based MiFi devices to the top
three carriers in the U.S., namely,
Verizon Communication Inc.
). Verizon will soon launch MiFi 4620 LE with an extended battery
pack while AT&T is using the MiFi 2 products.
In order to boost its top line, the company is continuously
upgrading its software and launching innovative devices in an
attempt to drive the Mi-Fi usage. Recently, Novatel also
introduced MiFi 500 LTE with Sprint.
However, the company is facing stiff competition from low-cost
Asian manufacturers, including ZTE and Huawei Technologies.
Moreover, in recent times, most smartphones have built-in
hot-spot facilities, thus completely bypassing the need for any
Recently, Novatel has decided to restructure its businesses.
Management stated that the company is witnessing growing overlap
of operations in its Mobile Computing and M2M business segments.
The proposed restructuring will streamline the research and
development costs and consolidate manufacturing process of these
two lines of operations and consequently drive long-term
Currently, Novatel Wireless has a Zacks Rank #3 (Hold).