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With the remote working culture becoming a new norm, the demand for reliable internet connection and high internet bandwidth from businesses and individuals have increased significantly, driving the need for fiber optics network infrastructure. Moreover, with the resurgence of omicron coronavirus cases and companies increasingly adopting technology-based solutions, the demand is expected to rise. Also, the $1 trillion infrastructure bill is expected to boost the fiber optics industry’s growth in the upcoming years. According to Valuates Reports, the fiber optics market is expected to grow at a CAGR of 7.8% between 2021 and 2026. Therefore, both CIEN and COMM should benefit.
CIEN has gained 21.2% over the past month, while COMM has returned 20.4%. Also, CIEN’s 36.1% gains over the past three months are significantly higher than COMM’s negative returns. Moreover, CIEN is the clear winner with 59.1% gains versus COMM’s negative returns in terms of the past year’s performance.
