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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.
