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Stock impact report

A Look Back at Internet of Things Stocks' Q3 Earnings: Trimble (NASDAQ:TRMB) Vs The Rest Of The Pack [Yahoo! Finance]

SmartRent, Inc. Class A (SMRT) 
US:NASDAQ Investor Relations: ir.steinmart.com/investor-relations
Company Research Source: Yahoo! Finance
Industrial Internet of Things (IoT) companies are buoyed by the secular trend of a more connected world. They often specialize in nascent areas such as hardware and services for factory automation, fleet tracking, or smart home technologies. Those who play their cards right can generate recurring subscription revenues by providing cloud-based software services, boosting their margins. On the other hand, if the technologies these companies have invested in don't pan out, they may have to make costly pivots. The 7 internet of things stocks we track reported a mixed Q3. As a group, revenues missed analysts' consensus estimates by 1.1% while next quarter's revenue guidance was 2.9% below. Thankfully, share prices of the companies have been resilient as they are up 9.7% on average since the latest earnings results. Playing a role in the construction of the Paris Grand, Trimble (NASDAQ:TRMB) offers geospatial devices and technology to the agriculture, construction, transportation, an Show less Read more
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