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3G/4G modem vendor Novatel Wireless (NVTL) falls 27.9% after reporting Q2 results. Revenue of...

3G/4G modem vendor Novatel Wireless (NVTL) falls 27.9% after reporting Q2 results. Revenue of $118M (+64% Y/Y) and EPS of -$0.03 beat consensus by $3.4M and $0.07. However, Q3 EPS guidance of -$0.10 to $0.00 falls short of a $0.01 consensus. Novatel and rival SWIR have been dogged by fears of product commoditization and Asian competition.

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