Skyworks Solutions Inc. SWKS recently unveiled a new suit of network-driven products from its Sky5 platform that supports wireless 5G networks.
Sky5 solution is a platform that deals with revolutionary 5G applications. These families of products are specially designed to meet growing demand of sub-6 GHz 5G new radio (NR) usage cases. The products will also include components that address eLAA and C-V2X applications and cater to low, mid, high, and ultra-high cellular frequency bands.
According to the press release, “All Sky5™ solutions will support new 5G waveforms and spectrum in addition to enhanced carrier aggregation and dual connectivity (4G/5G) while delivering exceptional levels of integration and performance.”
Skyworks’ shares have returned 16.4% in a year, substantially outperforming the industry’s rally of 10.9%.
5G
5G marks a revolution in the field of communications and technology. It is the next phase of mobile telecommunication standards. The next-gen 5G network will provide 50 times the throughput of the currently available standard 4G LTE network. Further, 5G technology is designed to be more power efficient than any other available standard wireless. Consequently, 5G-enabled mobile devices are likely to last longer than their 3G or 4G counterparts.
Moreover, superfast 5G mobile networks will be of utmost importance for management of the exponential growth in Internet-connected devices, popularly known as Internet of Things (IoT).
According to Ericsson’s Mobility Report, around 15% of the world's population is anticipated to be shielded by 5G in 2022.
Per a research by Ovum, global 5G subscriptions are projected to reach 24 million by 2021, with the Asia-Pacific region having a 40% share and Europe accounting for 10%.
Per reports from SNS Research, the next-generation 5G network is anticipated to account for more than 40%of wireless or mobile network infrastructure spending by the end of 2025. By 2020, 5G networks will account for nearly 5% of the entire investment on wireless network infrastructure. The spending will be allocated to 5G NR (New Radio), NextGen (Next Generation) core and transport (fronthaul/backhaul) networking infrastructure, through 2020-2025.
Consequently, this leading wireless semiconductor company is well-positioned to capitalize on the 5G based infrastructures with a rising demand for high-performance analog solutions in new markets.
Zacks Rank and Stocks to Consider
Skyworks currently carries a Zacks Rank #3 (Hold).
Paycom Software PAYC, Facebook FB and The Trade Desk TTD are some better-ranked stocks worth considering in the broader technology sector. While Paycom sports a Zacks Rank #1 (Strong Buy), Facebook and The Trade Desk, both carry Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for Paycom, Facebook and The Trade Desk are currently pegged at 25.75%, 26.51% and 25%, respectively.
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