5 Top Mobile Web Companies

- November 21st, 2016

Thinking of going into mobile web investing? INN profiles 5 companies.

In this article, the Investing News Network profiles the top stocks in the market when it comes to mobile web investing. This list draws from the Canadian Innovation Exchange (CIX)’s list of the best 20 public technology companies.
The mobile advertising sector is expanding which is good news for social media and app investors. 2016 is capitalizing on the breakout year mobile commerce had in 2015. It is forecast that by 2019, mobile ad spend will constitute 72 percent of total online spending. According to eMarketer, more people access the internet via apps rather than the web so more funding will be pumped into enhancing ad spend on apps. Investors keen on mobile web investing should take a look at the following small and mid-market companies which were chosen based on excellence in innovation, product/service offering, depth of management, market opportunity and business model.

  1. AcuityAds Holdings (TSXV:AT)
  2. C-Com Satellite Systems (TSXV:CMI)
  3. HIT Technologies (TSXV:HIT)
  4. Perk (TSX:PER)
  5. ProntoForms (TSXV:PFM)

AcuityAds Holdings

AcuityAds provides specialized, digital advertising solutions for a mobile readership. It was recently ranked one of the fastest growing technology companies in North America by Deloitte. It has indeed had a successful time with 132.98 percent gains year-to-date (YTD). 

C-Com Satellite Systems 

C-Com Satellite Systems uses satellite-based technology to provide customers with fast internet access on their mobile devices. In recent news, they have enhanced their antenna technology to provide a cheaper, quicker production process. Year-to-date they are up 11.83 percent with a year high in July of $1.29.

HIT Technologies

HIT Technologies has designed the world’s thinnest waterproof case for iPhones. They target an active audience with accessories like mountable cases for GoPros and interchangeable lenses. Due to a dip at the beginning of October, year-to-date they are down 20 percent but shares have gained sharply, at 60 percent over the last trading week. CEO Brooks Bergreen credits their strong fourth quarter at the end of October to the “ability to convert our fan base into purchasers”.

Perk 

Connecting brands and consumers, Perk offers a platform where users are rewarded with Perk Points redeemable at Amazon, Gap and Starbucks to name a few. They are targeting mainly millennials on the move with phones and tablets. YTD shares have slumped 55.06 percent since February but third quarter results show revenues are increasing.

ProntoForms

ProntoForms provides audiences with mobile computer software solutions, helping transform bureaucratic paper-pushing into productive processes. Globalization allows for remote workers. Seeing the trend for international offices, they help configure mobile workforces; they have 3,500 business customers, from BP to HP. YTD there have been ups and downs with an overall loss of 21.05 percent. 
Don’t forget to follow us @INN_Technology for real-time news updates! 
Securities Disclosure: I, Emma Harwood, hold no direct investment interest in any company mentioned in this article.

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