Better IoT Buy: Sierra Wireless Inc. vs. Cisco Systems
Sierra Wireless (NASDAQ: SWIR) and Cisco (NASDAQ: CSCO) are often considered top plays on the Internet of Things (IoT), which connects various devices to each other and the cloud. Research firm IHS expects the total number of IoT devices to surge from 15.4 billion in 2015 to 30.7 billion in 2020.
Sierra is considered the top "pure play" on that market because it's the world's top manufacturer of 2G, 3G, and 4G embedded modules and gateways, which are used for M2M (machine-to-machine) communications.
Cisco is the world's largest manufacturer of network routers and switches. It bundles that hardware with a growing portfolio of security, collaboration, wireless, and unified computing solutions.
Source: Fool.com
Cisco Systems Inc. Stock
€43.10
-0.650%
We see a rather positive sentiment for Cisco Systems Inc. with 16 Buy predictions and 2 Sell predictions.
With a target price of 53 € there is a positive potential of 22.98% for Cisco Systems Inc. compared to the current price of 43.1 €.
