Semtech (SMTC) & Lacuna Partner for LoRaWAN Connectivity
Semtech (SMTC) collaborates with Lacuna to increase the coverage and resilience of the LoRaWAN connectivity.
Semtech Corporation SMTC is leaving no stone unturned to strengthen LoRa technological solutions.
This is evident from the fact that the company recently announced a collaboration with Lacuna Space for increasing the coverage and resilience of the LoRaWAN connectivity.
The partnership is based on Long Range Frequency Hopping Spread Spectrum (LR-FHSS), which is the latest addition to the LoRaWAN standard. LR-FHSS consumes low power and takes less space on the network.
The recent initiative by Semtech and Lacuna bodes well with their efforts to accelerate IoT adoption with an affordable and seamless connectivity process.
Semtech Corporation Price and Consensus
LoRa Portfolio: Key Strength
Apart from the recent move, Semtech keeps bringing advanced solutions to expand its LoRa portfolio.
The company introduced software updates for LoRa integrated circuits and gateways. The software enhancement is in sync with Semtech’s growing efforts toward IoT deployments in densely populated areas.
It also introduced the LoRa Developer Portal in order to help developers quickly build IoT devices connected with the LoRaWAN standard.
Apart from this, it expanded the LoRa Core portfolio by adding a solution, LoRa Corecell Reference Design, for full-duplex gateway applications in the U.S. 902-928MHz ISM band. The new product enables LoRaWAN gateways to simultaneously receive and transmit data.
Further, it unveiled the LoRa Core portfolio, comprising a new chipset, which offers LoRaWAN connectivity to various vertical industries, including asset tracking, building, home, agriculture, metering and factory automation.
Growing LoRa Partnerships
Semtech has been signing contracts with a number of companies for the cost-effective LoRa technology, which is suitable for various applications.
Recently, the company’s LoRa devices and LoRaWAN standard have been used by Arson Metering for detecting harmful levels of methane in gas.
Its LoRa devices and LoRaWAN standard are also used by Elvexys for delivering real-time data to Swiss electricity distributor Oiken’s supervision control room in case of power grid failure.
SMTC’s LoRaWAN standard has been integrated into GTI’s new Natural Gas Smart Safety Shutoff System.
Further, Semtech partnered with Cloud Energy for integrating the LoRaWAN standard in the latter’s rooftop wireless solar power system.
We believe that the recent collaborations will drive revenues of Semtech’s Wireless and Sensing segment in the upcoming period.
Thus, the underlined segment has notably become an integral part of the company’s overall business. It is worth mentioning that the segment has generated 32% of third-quarter fiscal 2022 total revenues. Also, revenues from the same increased 23% year over year.
Zacks Rank & Stocks to Consider
Currently, Semtech carries a Zacks Rank #3 (Hold). In the past six months, the stock has returned 28.1% compared with the Computer and Technology sector’s growth of 1.8%.
Further, theZacks Consensus Estimate for its 2022 earnings has been upwardly revised by 5 cents in the past 60 days to $2.61 per share.
Investors interested in the broader technology sector can consider some better-ranked stocks like Advanced Micro Devices AMD, Mimecast Limited MIME and TaskUs TASK, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Advanced Micro Devices has gained 52.7% in the past six months. The long-term earnings growth rate for AMD is currently projected at 46.2%. The Zacks Consensus Estimate for 2022 earnings has been upwardly revised by a cent in the past 60 days to $3.31 per share.
Mimecast has gained 49.3% in the past six months. The long-term earnings growth rate for MIME is currently projected at 35%. The Zacks Consensus Estimate for 2022 earnings has been upwardly revised by a cent in the past 60 days to $1.39 per share.
TaskUs has gained 40.6% in the past six months. The long-term earnings growth rate for TASK is currently projected at 32.8%. The Zacks Consensus Estimate for 2022 earnings has been upwardly revised by a cent in the past 60 days to $1.28 per share.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report
Semtech Corporation (SMTC): Free Stock Analysis Report
Mimecast Limited (MIME): Free Stock Analysis Report
TaskUs, Inc. (TASK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research