CalAmp has a couple of industries it knows really well, and it wants to use the Internet of Things as a tool to optimize those industries. For its mobile resources management offering, CalAmp can promote to its customers their returns on investments by saving fuel and optimizing routes if CalAmp's telematics devices are installed in their heavy industry vehicles.
Meanwhile, Splunk is looking at unstructured machine data. Any device that can transmit a signal, whether it's a cell phone or an airplane, can use Splunk to better monitor its performance -- and therefore allow those in charge to make better managerial decisions for their businesses.
In this episode of The Next, Motley Fool tech analyst Eric Bleeker and Rule Breakers analyst Simon Erickson break down the stock performances of CalAmp and Splunk in 2014 and what they might hold for the future.
Are you ready for this $14.4 trillion revolution?
Have you ever dreamed of traveling back in time and telling your younger self to invest in Apple? Or to load up on Amazon.com at its IPO, and then just keep holding? We haven't mastered time travel, but there is a way to get out ahead of the next big thing. The secret is to find a small-cap "pure play" and then watch as the industry -- and your company -- enjoy those same explosive returns. Our team of equity analysts has identified one stock that's ready for stunning profits with the growth of a $14.4 trillion industry. You can't travel back in time, but you can set up your future. Click here for the whole story in our eye-opening report.
Eric Bleeker, CFA, has no position in any stocks mentioned. Simon Erickson owns shares of CalAmp and Splunk. The Motley Fool recommends Amazon.com, Apple, and Splunk and owns shares of Amazon.com and Apple. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.