A recent article in Business Insider, as published on CNN, brings a slightly different perspective to the battle raging between tech giants Apple (NASDAQ: APPL) and Samsung (PINK: SSNLF). The article focuses on how Samsung is overtaking Apple in the innovation arena. It points out how daring Samsung can be with new products such as the Samsung Note, which is a hybrid between a tablet and a smartphone. Apple, refusing to be outdone, is touting the iWatch as the next gadget that will take the tech world by storm. Samsung has countered with its own version of the smartwatch called the Galaxy Altius. However, while it is too early to know who will emerge as the innovative winner in the “smartwatch war”, it may be smart to consider three emerging growth companies that are also making giant strides, each in their own way.
The first emerging growth company on the list is 8×8, Inc. (NASDAQ: EGHT) with a market cap of $483.53 million. 8×8 was in the news last week regarding its partnership with SoftBank Telecom Corporation (9984: Tokyo) to offer Virtualized Cloud Data Services to business customers. The partnership will see Softbank using 8×8′s Virtualized Cloud Services to meet the needs of its clients in Japan, other parts of Asia, Europe and the United States. With this extensive application of 8×8′s technology over the next 36 months, 8×8 is well positioned for future growth.
The second emerging growth company is Aviat Networks, Inc. (NASDAQ: AVNW) with a market capitalization of 445.96 million. Aviat network is also set to pick up forward momentum through its recent patronage from companies interested in using its Microwave Backlink Network for international clients. The first step is a strategic partnership with Middle East Telecommunications Company (METCO) to upgrade microwave backlinks for Mobile Telecommunications Company KSC (Zain: KK) in Kuwait. Aviat Network has also garnered orders to the tune of $10 million to supply the public safety network of a notable municipality in the U.S. with a combination of microwave backhaul equipment and services. This order is a testament to the quality of Aviat Network’s unique product offerings.
The third emerging growth company making impressive progress is Allot Communications Ltd. (NASDAQ: ALLT). Allot, with a market cap of $445.99 million, is breaking ground with its recent acquisition of a $6 million project from an operator for its Gateway Parental Control Services. The project, which will be implemented in phases over the next few years, reiterates the importance of cloud based services and the part that ALLT plays in the sector. Look to this company to sustain moderate growth over the next few years.