(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.
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