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Stock impact report

Internet of Things Q3 Earnings: Vontier (NYSE:VNT) is the Best in the Biz [Yahoo! Finance]

Vontier Corporation (VNT) 
Company Research Source: Yahoo! Finance
Let's take a look at how Vontier (NYSE:VNT) and the rest of the internet of things stocks fared in Q3. 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. Luckily, internet of things stocks have performed well with share prices up 11.3% on average since the latest earnings results. A spin-off of a spin-off, Vontier (NYSE:VNT) provides electronic p Show less Read more
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