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Amid the COVID-19 pandemic, networking solutions were in high demand as people spent most of their time indoors and relied on smart gadgets for their work. This trend is expected to continue in the near term due to the accelerated pace of digitization and increasing adoption of network-based technologies. According to a report by Markets and Markets, the global network-as-a-service (NaaS) market is expected to grow at a 29.4% CAGR from 2021 to 2026. Consequently, both CSCO and UI should benefit.
CSCO shares have gained 3.4% in price over the past three months, while UI has returned 1.1%. Also, CSCO’s 22.2% price gains over the past nine months are higher than UI’s 20% returns. Furthermore, CSCO is the clear winner with 23.1% gains versus UI’s 10.7% returns in terms of year-to-date performance.
