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Avnet (AVT) Announces Comprehensive Range of IoT Services
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Avnet, Inc. (AVT - Free Report) .recently announced a wide range of Internet of Things (IoT) services for the entire lifecycle of related products.
Per Avnet’s vice president of Internet of Things, Lou Lutostanski, the company has tried to address the complex issues of the ecosystem including challenges related to design, delivery, connectivity and data analytics processes.
Avnet will be showcasing this suite of IoT services at The International Consumer Electronics Show (CES) 2018 to be held in Las Vegas from Jan 9-12 at booth 2609 of Tech East, Westgate.
The company will be displaying a host of services including IoT advisory, device designing and building, cloud and digital services and related to the entire IoT product lifecycle. These enhanced services will be assisting consumers with designing to delivery of IoT products.
Avnet’s Presence in IoT
Avnet has been trying to use its resources to make investments in embedded solutions, IoT and critical digital platforms, as well as expand its footprint in newer markets, for the last one year.
The IoT platform is anticipated to include billions of connected devices and systems, with applications ranging from sensors and mobile devices to home appliances and cars. According to research firm IDC, per the Wall Street Journal, the IoT market could nearly triple in the coming years. In 2014, the global IoT market was worth $655.8 billion and is expected to reach $1.7 trillion by 2020.
The company has entered into several partnerships, including with the likes of AT&T (T - Free Report) , and carried out acquisitions, such as that of Dragon Innovation, Premier Farnell and Hackster.io, to enhance its capabilities in this space.
We believe that with the collaborations, acquisitions and enhanced solutions portfolio, Avnet is well poised to enjoy the projected growth prospect of the IoT market. This, in turn, is expected to boost the company’s top line going ahead.
Long-term expected EPS growth rate for Intel and Lam Research is projected to be 8.42% and 14.85%, respectively.
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Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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Avnet (AVT) Announces Comprehensive Range of IoT Services
Avnet, Inc. (AVT - Free Report) .recently announced a wide range of Internet of Things (IoT) services for the entire lifecycle of related products.
Per Avnet’s vice president of Internet of Things, Lou Lutostanski, the company has tried to address the complex issues of the ecosystem including challenges related to design, delivery, connectivity and data analytics processes.
Avnet will be showcasing this suite of IoT services at The International Consumer Electronics Show (CES) 2018 to be held in Las Vegas from Jan 9-12 at booth 2609 of Tech East, Westgate.
The company will be displaying a host of services including IoT advisory, device designing and building, cloud and digital services and related to the entire IoT product lifecycle. These enhanced services will be assisting consumers with designing to delivery of IoT products.
Avnet’s Presence in IoT
Avnet has been trying to use its resources to make investments in embedded solutions, IoT and critical digital platforms, as well as expand its footprint in newer markets, for the last one year.
The IoT platform is anticipated to include billions of connected devices and systems, with applications ranging from sensors and mobile devices to home appliances and cars. According to research firm IDC, per the Wall Street Journal, the IoT market could nearly triple in the coming years. In 2014, the global IoT market was worth $655.8 billion and is expected to reach $1.7 trillion by 2020.
The company has entered into several partnerships, including with the likes of AT&T (T - Free Report) , and carried out acquisitions, such as that of Dragon Innovation, Premier Farnell and Hackster.io, to enhance its capabilities in this space.
We believe that with the collaborations, acquisitions and enhanced solutions portfolio, Avnet is well poised to enjoy the projected growth prospect of the IoT market. This, in turn, is expected to boost the company’s top line going ahead.
Avnet, Inc. Revenue (TTM)
Avnet, Inc. Revenue (TTM) | Avnet, Inc. Quote
Zacks Rank and Key Picks
Avnet has a Zacks Rank #2 (Buy).
A couple of top-ranked stocks worth considering in the sector are Intel Corporation (INTC - Free Report) and Lam Research Corporation (LRCX - Free Report) , both sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term expected EPS growth rate for Intel and Lam Research is projected to be 8.42% and 14.85%, respectively.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>