While some small-cap tech stocks will help fuel the 5G boom, others will run smoother because of it. Moving forward, the company will focus on reinforcing its tech leadership with “ongoing investment in R&D, maintaining its financial strength with tight expense control, strong working capital management and remaining resilient in order to fully capitalize on the ramp in 5G deployments.”Īccording to Ceragon CEO Ira Palti, the company expects the 5G push to drive overall growth in 2020.īy end of day Thursday, Ceragon stock was up 3.59% to US$2.31, but one analyst expects the company’s share price to reach US$3.50 in the next 12 months. The company’s ultra-high-capacity wireless backhaul, which is essentially the backbone of the network, will enable mobile operators to keep up with capacity demands and maintain excellent customer service.Ĭeragon Networks reported Q3 2019 revenue of US$72.2 million, which was down 11% from the previous quarter. The wireless backhaul specialist is redefining wireless transmission with its FibeAir IP-20C, a highly versatile and compact wireless backhaul node that allows for faster speeds and more data and creates the optimal ecosystem for 5G. (NASDAQ:CRNT) can’t be discounted for its part in the movement. When it comes to small-cap tech stocks that are helping fuel the 5G revolution, Ceragon Networks Ltd. Since the beginning of the year, Boingo stock has increased by 14.11%. The consensus price target from the nine brokerages covering Boingo is US$18.25, which is well above the company’s current price of US$12.21. Like Axcelis, Boingo Wireless was recently upgraded to a “Strong BUY” rating by Zacks, while Craig Hallum and William Blair reaffirmed a “BUY” rating for the company.
5g technology companies full#
All of the company’s DAS networks are implemented with a technology-agnostic approach and complement its full suite of wireless solutions, which includes 5G, LTE, mmWave, Wi-Fi, Wi-Fi 6, Wi-Fi offload via Passpoint, IoT, and CBRS. In Q2 2019, Boingo Wireless deployed 10 new DAS networks in partnership with Tier 1 carriers at high-traffic venues throughout the US, increasing its total live DAS venues to 69.
> Penny Stocks to Watch: Barnes & Noble and Aethlon Medical The company uses small cells along with a Distributed Antenna System (DAS) to boost cellular coverage in heavily trafficked locations like airports, college campuses, convention centers, stadiums, entertainment venues, and transportation hubs. (NASDAQ:WIFI), a company that manages and operates a Wi-Fi network at over 1,500 hotspots that reach over 1 billion customers annually. Boingo Wireless Inc.Īnother small-cap tech stock that offers massive potential is Boingo Wireless Inc. It’s no surprise the company is getting a ton of analyst love after it surpassed Q3 earnings estimates by a long shot.
Zacks recently upgraded Axcelis to a “Strong BUY,” while DA Davidson and Craig Hallum Capital Group offered a “BUY” rating and a 12-month price target of US$30 and US$27, respectively. One of the small-cap tech stocks that is positioned to capitalize on the impending 5G boom is Axcelis Technologies (NASDAQ:ACLS), a global leader in the design, development, and manufacturing of ion implantation systems for the semiconductor industry.Īxcelis is becoming a staple in the 5G market due to its efficient ion implantation chips, which allow data to process at the rapid speed required by devices running on 5G.Īnalysts have continued to see value in Axcelis, with several “BUY” rating being handed to the company in the last few months. The latest tech advancement generating excitement in the markets and beyond is 5G, an innovative technology that has the capability to drive significantly greater efficiencies in virtually every industry, from manufacturing to healthcare. Indeed, we are referring to 5G or fifth-generation technology, and there are a handful of small-cap tech stocks that could offer major upside. This continual shift towards faster speeds and greater interconnectivity offers investors an entirely new sector to capitalize on. The fact is, over the last two decades, technology has become such an integral part of our lives from the moment we are woken by our smartphone to when our smart homes turn off the lights in the evening. As virtually every industry relies more and more on innovative technologies like artificial intelligence (AI), robotics, and machine learning, the stock market continues to be dominated by tech stocks that are effectively disrupting life as we know it.