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Semtech (SMTC) LoRa Technology Deployed Into GSA's Platform
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Semtech Corporation (SMTC - Free Report) recently announced that the company’s Low power, high Range (LoRa) devices technology has been deployed by Green Scale Alchemy (“GSA”) into its IoT-based pool management platform.
GSA’s platform helps to increase logistical efficiency. The integration of LoRaWAN protocol will optimize remote management of pallets in real time and thereby provide accurate inventory data over the long range. This will enable managers to increase the efficiency of their logistical processes and reduce costs.
The LoRa-based GSA platform provides reliable information about the status of the individual pallet. This data enables managers to track assets with ease throughout the supply chain. In addition, the new solution that offers better logistics management allows organizations to move assets only when necessary, thus keeping the movement of employees restricted.
The LoRa Technology enables long-range connectivity of IoT devices and aids in connecting sensors to the cloud. Its long-range performance and low power consumption requirement enhance overall performance. Moreover, this technology helps in real-time communication of data and analytics to enhance efficiency, as well as productivity.
Semtech is witnessing growing strategic alliance and contracts, thanks to cost-efficient abilities of the LoRa technology in creating as well as deploying IoT solutions.
Consequently, the move is likely to boost the adoption rate of the company’s LoRa technology in the United States, which in turn will drive the top line.
IoT devices have been gaining significant traction in recent times. These devices have been successful in making an impact across all end markets served by the company.
Per IOT Analytics, the number of active IoT devices is expected to grow from 7 billion in 2018 to 10 billion and 22 billion by 2020 and 2025, respectively, including devices on the consumer and enterprise side.
Presently, LoRaWAN networks are operating in many countries. It expects the LoRaWAN open protocol to reach more countries in the near term. Industry experts expect four out of every 10 long-range IoT connections to be powered by LPWAN, with LoRaWAN being the dominant player.
We believe Semtech is well poised to rapidly penetrate into the expanding IoT market, aided by the highly popular LoRa technology.
Long-term earnings growth for The Trade Desk, Dropbox, and Inuvo is currently projected at 25%, 40.9% and 30%, respectively.
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Semtech (SMTC) LoRa Technology Deployed Into GSA's Platform
Semtech Corporation (SMTC - Free Report) recently announced that the company’s Low power, high Range (LoRa) devices technology has been deployed by Green Scale Alchemy (“GSA”) into its IoT-based pool management platform.
GSA’s platform helps to increase logistical efficiency. The integration of LoRaWAN protocol will optimize remote management of pallets in real time and thereby provide accurate inventory data over the long range. This will enable managers to increase the efficiency of their logistical processes and reduce costs.
The LoRa-based GSA platform provides reliable information about the status of the individual pallet. This data enables managers to track assets with ease throughout the supply chain. In addition, the new solution that offers better logistics management allows organizations to move assets only when necessary, thus keeping the movement of employees restricted.
The LoRa Technology enables long-range connectivity of IoT devices and aids in connecting sensors to the cloud. Its long-range performance and low power consumption requirement enhance overall performance. Moreover, this technology helps in real-time communication of data and analytics to enhance efficiency, as well as productivity.
Semtech is witnessing growing strategic alliance and contracts, thanks to cost-efficient abilities of the LoRa technology in creating as well as deploying IoT solutions.
Consequently, the move is likely to boost the adoption rate of the company’s LoRa technology in the United States, which in turn will drive the top line.
Semtech Corporation Price and Consensus
Semtech Corporation price-consensus-chart | Semtech Corporation Quote
IoT Market Prospects
IoT devices have been gaining significant traction in recent times. These devices have been successful in making an impact across all end markets served by the company.
Per IOT Analytics, the number of active IoT devices is expected to grow from 7 billion in 2018 to 10 billion and 22 billion by 2020 and 2025, respectively, including devices on the consumer and enterprise side.
Presently, LoRaWAN networks are operating in many countries. It expects the LoRaWAN open protocol to reach more countries in the near term. Industry experts expect four out of every 10 long-range IoT connections to be powered by LPWAN, with LoRaWAN being the dominant player.
We believe Semtech is well poised to rapidly penetrate into the expanding IoT market, aided by the highly popular LoRa technology.
Zacks Rank & Other Stocks to Consider
Currently, Semtech carries a Zacks Rank #2 (Buy). Other top-ranked stocks in the broader technology sector include The Trade Desk Inc. (TTD - Free Report) , Dropbox, Inc. (DBX - Free Report) and Inuvo, Inc. (INUV - Free Report) , each carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Long-term earnings growth for The Trade Desk, Dropbox, and Inuvo is currently projected at 25%, 40.9% and 30%, respectively.
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Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.
Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.
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