This post was originally published on this site
The infrastructure bill passed by the Senate earlier this month includes a $65 billion investment to improve the nation’s broadband infrastructure. And the networking industry could continue to witness increasing demand with the growing adoption of 5G and cloud-based devices. According to Statista, the global network management systems market is expected to grow to $12.2 billion in 2027 from $6.7 billion in 2020.
Given this backdrop, we think it could be wise to bet on fundamentally strong networking stocks Ciena Corporation (CIEN), Lumentum Holdings Inc . (NASDAQ:LITE), Extreme Networks, Inc. (EXTR), and A10 Networks, Inc. (ATEN).
