The "Internet of Things" is a term that describes the many objects in the physical world that are now connected to the web. It also describes an industry that is expected to earn mobile device operators nearly $1.2 trillion in revenue by 2020.
When discussing The "Internet of Things" we refer to connected devices that are part of systems tuned into larger systems, or information bases, that the Internet offers. The devices "talk" with each other, exchanging services and data. Such connected devises range from smartphones and tablets, to TVs and DVD players, security systems, GPS and tracking systems, and much more.
There are roughly 9 billion devices connected to the Internet, 6 billion of which are mobile devices, reports Giga.com. That number is projected to reach 24 billion total devices by year 2020, half of them mobile.
The growth in connectivity and data storage -- along with the $2.1 trillion in anticipated revenues -- could mean a big opportunity for wireless communication stocks prepared to meet the growing demand for devices and infrastructure.
So we were wondering, which wireless communications stocks are expected to see significant earnings growth over the next year?
To find out, we compiled a list of wireless communication stocks with market caps over $50 million and searched among them for five-year EPS estimates over 15%.
Do you think these stocks should be trading higher? Use this list as a starting-off point for your own analysis. (Click here to access free, interactive tools to analyze these ideas.)
1. China Unicom (Hong Kong) Limited
2. MetroPCS Communications
3. Neutral Tandem
4. NII Holdings
5. NTELOS Holdings
7. Telephone & Data Systems
Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the stocks mentioned above. Analyst ratings sourced from Zacks Investment Research.
Kapitall's Rebecca Lipman does not own any of the shares mentioned above. Data from Finviz.