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The demand for networking solutions has soared over the past year as people spent most of the time indoors amid the COVID-19 pandemic and relied on smart gadgets for their work. The industry should keep growing with 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 – 2026. Therefore, both EXTR and SONM should benefit.
SONM has gained 6.7% in price over the past month, while EXTR has delivered negative returns. However, EXTR’s 92.7% gains over the past nine months are significantly higher than SONM’s negative returns. Moreover, EXTR is the clear winner with 147.8% price gains versus SONM’s negative returns in terms of the past year’s performance.
