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Stocks Fueling the Internet of Things

Stocks Fueling the Internet of Things

5.07k followers • 7 symbols Watchlist by The Motley Fool

The next wave of the Internet is already underway – here are seven companies poised to power this digital revolution.

7 symbols

Zacks
Analysts Estimate CalAmp (CAMP) to Report a Decline in Earnings: What to Look Out for
CalAmp (CAMP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Zacks
Skyworks (SWKS) Up 8.1% Since Last Earnings Report: Can It Continue?
Skyworks (SWKS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Zacks
Cisco Enters Chip Market: Should AVGO, INTC, ANET Take Note?
Cisco (CSCO) ups its game in networking chip market with Silicon One Q100, putting Broadcom, Intel, Arista Networks, and Juniper Networks at risk.
Bloomberg
SoftBank Vision Fund’s Praveen Akkiraju Is Stepping Down
(Bloomberg) -- SoftBank Vision Fund managing partner Praveen Akkiraju is stepping down from the behemoth investment vehicle to explore working with early stage startups in either an operational or investment role.Akkiraju joined SoftBank in April 2018 and was previously the chief executive officer of Viptela, a cloud software company that was acquired by Cisco Systems Inc. His departure was confirmed by a Vision Fund spokeswoman.Axios earlier reported Akkiraju’s exit. The outlet noted that Deep Nishar, a senior managing partner, will assume many of Akkiraju’s responsibilities including his board seat at Automation Anywhere. SoftBank’s Vision Fund invested $300 million in the San Jose, California-based robotic process automation company last November.SoftBank has raised roughly $2 billion for its second Vision Fund so it can start making new investments, people familiar with the matter said last month.Akkiraju’s departure follows the resignation of London-based Vision Fund partner David Thevenon.Akkiraju didn’t immediately respond to a request for comment.(Updates with second Vision Fund details. A previous version of this story corrected the size of first fund in story link.)To contact the reporters on this story: Giles Turner in London at gturner35@bloomberg.net;Gillian Tan in New York at gtan129@bloomberg.netTo contact the editors responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net, Robin Ajello, Jillian WardFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Bloomberg
Cisco Enters Chip Market, Supplying Microsoft, Facebook
(Bloomberg) -- Cisco Systems Inc. has started supplying switch chips to major data-center operators, including Microsoft Corp. and Facebook Inc., opening up a new avenue to win orders from some of its largest networking-equipment customers.Cisco Silicon 1 is a switch semiconductor that’s already being used by Microsoft and Facebook in crucial networking equipment, the companies said Wednesday at an event in San Francisco. San Jose, California-based Cisco is now offering the chips, which it says are the fastest in the industry, to all of its customers, regardless of whether they buy its networking machinery. Previously Cisco’s chips were only available as components of its machines.The shift toward standalone chip sales is another departure from the business model that made Cisco one of the biggest companies in the technology industry. Cisco’s expensive proprietary combinations of hardware and software make up the backbone of much of the internet and corporate networks, and these products generate the bulk of the company’s revenue. The new initiative has the potential to attract business from customers who want to build their own machines instead of buying whole packages. It also puts Cisco in direct competition with its suppliers, Intel Corp. and Broadcom Inc., which also make switch chips that the networking equipment maker uses in some of its products.“From today -- and this is something that some of you never thought we’d do -- some of our customers will buy our silicon and build their own products if that’s what they choose to do,” Chief Executive Officer Chuck Robbins said at the event. “We really want our customers to consume this technology in any way they want.”As the internet infrastructure business moves away from suppliers who provide all the needs through locked-down combinations of hardware and software, Robbins has been pushing Cisco to adapt by becoming a bigger supplier of networking services and software. On his watch, software has risen to provide about 11% of revenue. Hardware still generates more than half of sales.Cisco shares rose less than 1% to $44.24 at 2:02 p.m. in New York. The stock gained 1.8% this year through Tuesday’s close.The move into selling components is an attempt to win orders from the hyperscalers, such as Microsoft, Google and Amazon.com Inc.’s AWS, a group that has increasingly turned away from Cisco’s offerings and equipped their data centers with computers and networking gear designed in house. Those big cloud-computing vendors contribute as little as 2% of Cisco’s total sales, according to Raymond James analyst Simon Leopold.Switch chips perform the crucial function of deciding where packets of data should go in a network of computers. They are designed to handle that task at great speed, and only a few companies have been successful in the market. Broadcom is the biggest provider of this type of chip as an individual component and has as much as 80% share, Leopold said. Intel took a bigger interest in the market in June when it bought startup Barefoot Networks.Cisco’s new offering will combine the attributes of both switch and routing chips, the company said. It’ll be able to move data very quickly and still be programmable, carrying the ability to have its function changed. Routing, directing traffic among networks, is typically conducted by groups of chips that bring other attributes but are unable to direct data fast enough for modern internet traffic loads. One chip providing all of the functions will simplify the operation of networks by eliminating the need for different layers of software, Cisco executives said.Offering up what was previously guarded as a proprietary advantage shows a flexibility at Cisco that has been increasing as Robbins works to transform the company. Analysts predict the build-it-yourself approach to networking, pioneered by the large cloud-service operators, over time will be copied by companies looking to reduce the cost of their data-center spending. That corporate market is one of Cisco’s biggest sources of revenue.Cisco’s equipment, including its chips, is designed by the company and manufactured by a third party, which it hasn’t identified.The company also announced a new router machine at the event, designed to better serve as the backbone for new fifth generation, or 5G, cellular networks. The Cisco 8000 will be based on the new chip. The company also unveiled plans for products that will support faster data transmission speeds over fiber-optic cables. Like the rest of the networking industry, Cisco is positioning itself to be a main provider of equipment for the predicted surge in internet traffic and data created by the proliferation of mobile systems.(Updates with comment from Cisco CEO in the fourth paragraph.)To contact the reporter on this story: Ian King in San Francisco at ianking@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Simply Wall St.
Is It Too Late To Consider Buying Skyworks Solutions, Inc. (NASDAQ:SWKS)?
Skyworks Solutions, Inc. (NASDAQ:SWKS) received a lot of attention from a substantial price increase on the NASDAQGS...
Yahoo Finance
This new publicly traded company is going to transform how the antiquated United States Postal Service communicates
Zoom Video Communications is about to do its part to save the USPS.
Yahoo Finance
Target unleashed major sales gains by revamping staff
Target is Yahoo Finance's 2019 Company of the Year. Target COO John Mulligan explains some of the big changes he has made to Target's business this year.
Yahoo Finance
Why this Warren Buffett fan loves Target stock for the next decade
Target is the Yahoo Finance 2019 Company of the Year. We chat with long-time value investor Bill Smead about why he is bullish on Target.
Yahoo Finance
Target will spend $3 billion a year to remodel stores and more: CEO
Target plans to continue to spend big to stay ahead of the competition, CEO Brian Cornell tells Yahoo Finance.
Zacks
Factors to Consider Ahead of Broadcom's (AVGO) Q4 Earnings
Broadcom (AVGO) fiscal fourth-quarter results are expected to reflect expanding presence in the infrastructure software space on synergies from CA buyout, amid Huawei ban and stiff competition.
Bloomberg
Apple Suppliers Qorvo and Skyworks Twice Raised on 5G Growth
(Bloomberg) -- Qorvo Inc. and Skyworks Solutions Inc. were both upgraded by two notches at BofA, to buy from underperform, with the firm seeing massive growth potential due to 5G technology.Because of “the exponential growth in components required to upgrade” about 1.4 billion smartphones, as well as “several hundred million” devices on the “internet of things,” BofA views 5G as “one of the more compelling and investable themes in semis.”Shares of Qorvo jumped as much as 4.4% on Monday, with the stock hitting record levels. Skyworks gained as much as 4% and hit its highest since March 2018. Both have been strong performers in 2019. Qorvo shares have jumped about 80% thus far this year while Skyworks is up more than 55%.Both stocks are major suppliers to Apple Inc. According to supply-chain data compiled by Bloomberg, Qorvo derives 32% of its revenue from Apple, while 51% of Skyworks’ revenue comes from the company. Apple is widely expected to debut a 5G version of its iPhone next year.While the first phase of 5G-related investments should favor infrastructure chipmakers like Marvell Technology, Analog Devices and Xilinx, “the next phase could also favor handset” stocks with radio frequency (RF) technology, wrote analyst Vivek Arya. There is “material upside to estimates from 5G adoption.”BofA estimated that sales of RF chips would come in at $12.6 billion in 2019, and grow to $18.5 billion over the next three years.The firm lifted its price target on Qorvo to a Street-high view of $130 from $80. The Skyworks target was boosted to $122 from $92, close to Craig-Hallum Capital Group’s $125 Street-high target.(Adds Monday trading in third paragraph, adds chart)To contact the reporter on this story: Ryan Vlastelica in New York at rvlastelica1@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Steven FrommFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Zacks
IDC Posts Q3 Server Market Data: Dell, HPE & More in Focus
Here's a look at the performance of leading server vendors in third-quarter 2019 per IDC report.
Yahoo Finance
The Yahoo Finance Company of the Year is usually a good stock bet
Our annual winners sharply outperform the market the year after we choose them.
Yahoo Finance
Target is the Yahoo Finance 2019 Company of the Year
Target is the Yahoo Finance Company of the Year for 2019. We talk with Target's executive team and experts on how the retailer made it happen in 2019 and what's in store for 2020.
Yahoo Finance
20 businesses that died in the 2010s
Yahoo Finance takes a look back at some of the biggest corporate busts of the last decade.
Simply Wall St.
Cisco Systems (NASDAQ:CSCO) Shareholders Have Enjoyed A 61% Share Price Gain
While Cisco Systems, Inc. (NASDAQ:CSCO) shareholders are probably generally happy, the stock hasn't had particularly...
Yahoo Finance
Slack CEO: Microsoft views 'us as an existential threat'
Yahoo Finance speaks with Slack co-founder and CEO Stewart Butterfield following its latest quarterly earnings.
Yahoo Finance
The stock market's biggest winners and losers of the past decade
With the 2010s officially drawing to a close, Yahoo Finance took a look at some of the biggest S&P 500 winners and losers of the past decade based on price returns.
Yahoo Finance
These stores were Black Friday's 'Haves' and 'Have-nots:' Analyst
Analysts at Susquehanna Financial Group hit the malls on Black Friday to determine which stores were the “haves” and which were the “have-nots” when it comes to footwear and apparel sales.
Yahoo Finance
Under Armour can make a big comeback in 2020, says bullish note
Raymond James analysts set a $30 price target for the stock. It hasn't been there since 2016.
Yahoo Finance
Nordstrom may have finally turned the corner
Black Friday has begun. Yahoo Finance speaks with Nordstrom's president of stores Jamie Nordstrom.
Yahoo Finance
Black Friday 2019 Live Updates: Online sales up 19.2% from a year ago
Yahoo Finance hits the stores to see how Black Friday has started for retailers.
Zacks
3 Blue-Chip Tech Stocks to Buy Right Now with U.S. Stocks at New Highs
We searched utilizing our Zacks Stock Screener for blue-chip stocks from the broader tech industry that investors might want to consider buying right now...
Zacks
Ambarella (AMBA) Q3 Earnings and Revenues Surpass Estimates
Ambarella (AMBA) third-quarter fiscal 2020 earnings gain traction from its transition to a video AI company.