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3 Buy-Rated 5G Stocks to Pick Up Before 2022

Stock MarketsNov 22, 2021 12:30PM ET
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© Reuters. 3 Buy-Rated 5G Stocks to Pick Up Before 2022

With rising COVID-19 cases ahead of the holiday season, extended hybrid working is expected to boost the 5G industry’s growth. Furthermore, the increasing application of the 5G standard across several sectors should drive the 5G market’s growth even more. So, we think it could be wise to scoop up the shares of quality 5G stocks Ciena (NYSE:CIEN), A10 Networks (NYSE:ATEN), and Aviat Networks (NASDAQ:AVNW). They have a ‘Buy’ rating in our proprietary rating system. Let’s discuss.With the festive season around the corner, COVID-19 cases are once again surging. According to a CNBC analysis of data from Johns Hopkins University, the United States reported a seven-day average of nearly 95,000 new cases on November 18, up 31% over the past two weeks.

With rising concerns, most organizations are sticking to a hybrid work mode for the winter. This is expected to sustain the demand for 5G. For example, Apple Inc. (NASDAQ:AAPL) has decided to push its return to office plan until February. Furthermore, the recently passed $1.2 trillion U.S. infrastructure bill has approximately $65 billion assigned to deliver broadband to unserved and underserved areas of the United States. This is expected to provide a significant boost to the 5G industry. Also, according to the Delaware 5G Infrastructure market study report, the global 5G infrastructure market is expected to grow more than 29% between 2019 -2026.

Given this backdrop, we think it could be wise to bet on fundamentally strong 5G stocks Ciena Corporation (CIEN), A10 Networks, Inc. (ATEN), and Aviat Networks, Inc. (AVNW). They have an overall B (Buy) rating in our proprietary POWR Ratings system.

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3 Buy-Rated 5G Stocks to Pick Up Before 2022
 

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