The Internet of Things (IoT) term refers to the connection of previously unconnected things to the Internet, so that they can collect data or automate processes, and 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 according to an IHS forecast. Today we have identified 5 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.
Written by SmallCapPower.com
1. Lantronix Inc. (Nasdaq: LTRX)
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 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%
2. Sierra Wireless Inc. (SWIR)
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.
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