Internet of things Stock, in a gist, consists of any technology that uses internet or the web to control the operations of its devices. Slowly it has captured the attention of a huge market base. People want technology to further ease their life. Internet of things is expanding for exactly this purpose. The mere demand for such devices is huge and many entrepreneurs have realized it. New entrepreneurs are coming forward with technologies that would have been unthinkable in the past. You can now switch on your house lights and heater before you even reach the doorsteps of your house. Enter into a warm welcoming home, just the way anyone likes.
Realizing the potential of this niche, many companies have cropped up. They either invest in such technologies or produce them. Such companies are growing in number and size. With the expansion of ideas in this field, more and more investors are looking out for stable opportunities in this area.
During the course of this article we shall go through three good Internet of Things stocks. They have performed consistently throughout the past year.

Red Hat Inc.

Red Hat Inc. is an American company that specialises in providing open software products to the software enterprise across the world. It is considered to be one of the most innovative companies in the world, growing at a desirable rate. Red Hat aims at providing IoT as a service and solution for both personal as well as professional hemispheres. They believe that internet of things can open a whole new domain of opportunities for producers of goods and services to interact with the consumers. It can allow one to assemble, analyse and interpret data in a matter of minutes.
In the past year, the company has performed a good deal. There has been a noted growth of 1.61% in the last financial year. This shows a promising future for the firm.

Cisco

Who isn’t familiar with the Cisco System, the giant capturing every aspect of technology advancement? Recently they have invested almost $19trillon dollars into a number of initiatives aiming to capitalize the emerging IoT market. They clearly recognise the market’s potential. Initially the company had sold products like connected trains, but now they want to indulge in a full-fledged way. They are attempting to create a sort of ‘kit’ which will include all the cisco-approved software necessary to operate IoT. They have performed well with a growth in the earnings by gaining 17.45%. For all the new investors, this company is flagged for investment!

Fire Eye

Fire eye is a US company specialising in network protection against persistent and serious cyber threats. They provide “automated threat forensics” and ‘dynamic malware protection’.
As the description of the company suggests, they have decided to evolve and use the new technology of IoT to establish themselves in the private cyber security market. They plan to fulfil the unmet demands of security within the devices of internet of things. This company grew 163% in the last year. Clearly they are taking a bold step by entering a totally new and unexplored arena.

The above mentioned three companies recognise the true potential of the IoT market. They have plunged into it with huge amounts of funds. It is a desirable opportunity for all the investors.