The Internet of Things (IoT) stocks on our list are poised to benefit from the fastest growing tech subsector right now
SmallCapPower | April 19, 2017: You may have heard a lot of talk recently about the Internet of Things (IoT). The term refers to the connection of previously unconnected things to the Internet, so that they can collect data or automate processes. For example, a smartwatch is an IoT device, and so are the latest cars with their infotainment systems and downloadable apps. According to an IHS forecast, the IoT market will grow from an installed base of 15.4 billion devices in 2015 to 30.7 billion devices in 2020 and 75.4 billion in 2025. Today we have identified five Internet of Things (IoT) stocks that are in the business of selling and/or manufacturing the hardware, software, and comprehensive solutions. The stocks on our list have surged as high as 94% year to date and show no signs of slowing down.
Lantronix Inc. (NASDAQ: LTRX) – US$3.31
Communications & Networking
Lantronix, Inc. is a provider of secure data access and management solutions for Internet of things (IoT) and information technology (IT) assets. The Company organizes its products and solutions into three product lines, including IoT, IT Management and Other. Its IoT products consist of IoT Gateways and IoT Building Blocks. The Company’s IT Management product line includes console management, power management and keyboard video mouse (KVM), products that provide remote out-of-band management (OOBM) access to IT and networking infrastructure deployed in test labs, data centers and server rooms. Its connectivity solutions serves a range of industries, including data center, medical, security, environmental and government.
- Market Cap: $77.0 million
- Revenue (LTM): $56.0 million
- Debt to Equity (LFQ): 0.9%
- YTD Price PCT Change: 94.7%
Sierra Wireless Inc. (TSX: SW) – $33.62
Communications & Networking
Sierra Wireless, Inc. is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Company’s OEM Solution segment offers cellular embedded wireless modules for IoT connectivity, including an embedded application framework to support customer applications. The Company’s Enterprise Solution segment offers intelligent routers and gateways, including management tools and applications that enable cellular connectivity. The Company’s Cloud and Connectivity Services segment offers a cloud based platform for deploying and managing IoT applications, Smart SIM supported by mobile core networks, and managed wireless broadband services to enable customer IoT deployments.
- Market Cap: $1,080.8 million
- Revenue (LTM): $808.1 million
- Debt to Equity (LFQ): 0.0%
- YTD Price PCT Change: 59.9%
MagnaChip Semiconductor Corp. (NYSE: MX) – US$8.40
Semiconductors
MagnaChip Semiconductor Corporation is a designer and manufacturer of analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive and Internet of Things (IoT) applications. The Company provides technology platforms for analog, mixed signal, power, high voltage, non-volatile memory and Radio Frequency (RF) applications.
- Market Cap: $371.9 million
- Revenue (LTM): $903.2 million
- Debt to Equity (LFQ): n/a
- YTD Price PCT Change: 35.5%
Intrinsyc Technologies Corp. (TSX: ITC) – $2.62
Software
Intrinsyc Technologies Corporation is a product developer and provides software, engineering services, and integrated solutions. The Company provides solutions for the development and production of mobile, embedded and the Internet of Things (IoT) devices with software solutions for Java or Component Object Model (COM) enterprise interoperability. It operates through three segments: Embedded Solutions, which includes its computer modules and development kits, engineering services related to these modules and kits, and distribution of cellular communication modules; General Engineering Services, which includes RapidRIL telephony software, iDevice Manager and other enabling technology, testing tools, and hardware reference designs and platforms, and Other Software Solutions, including software licenses, implementation and other related services, maintenance and support attributable to its J-Integra Enterprise Interoperability Software, and Destinator software product offerings.
- Market Cap: $55.3 million
- Revenue (LTM): $22.9 million
- Debt to Equity (LFQ): 0.0%
- YTD Price PCT Change: 21.3%
ORBCOMM Inc. (NASDAQ:ORBC) – US$9.44
Wireless Telecommunications Services
ORBCOMM Inc. is a provider of Internet of Things (IoT) solutions, including network connectivity, devices, device management and Web reporting applications. The Company’s IoT products and services are designed to track, monitor and manage security for a range of assets, such as trailers, trucks, rail cars, sea containers, generators, fluid tanks, marine vessels, diesel or electric powered generators (gensets), oil and gas wells, pipeline monitoring equipment, irrigation control systems, and utility meters, in industries for transportation and supply chain, heavy equipment, fixed asset monitoring, maritime and government. It also provides Automatic Identification System (AIS) data services to assist in vessel navigation and to manage maritime safety for government and commercial customers across the world. It provides its services using various network platforms, including its own constellation of low-Earth orbit (LEO) satellites.
- Market Cap: $897.7 million
- Revenue (LTM): $245.0 million
- Debt to Equity (LFQ): 52.9%
- YTD Price PCT Change: 14.1%
Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.
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