3 Communication Stocks Set to Ride on Fiber Network & Cloud Focus
Portfolio Pulse from
The Zacks Communication - Components industry is expected to benefit from increased fiber densification, cloud focus, and accelerated 5G deployment. Companies like Arista Networks (ANET), Corning (GLW), and Harmonic (HLIT) are well-positioned to capitalize on the demand for seamless connectivity solutions.
November 28, 2024 | 4:30 pm
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POSITIVE IMPACT
Arista Networks is poised to benefit from the increased demand for seamless connectivity solutions due to its focus on fiber densification, cloud, and 5G deployment.
ANET is directly involved in providing connectivity solutions, and the industry's focus on fiber, cloud, and 5G aligns with its business model, suggesting a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Corning is expected to benefit from the industry's focus on fiber densification and 5G deployment, which aligns with its product offerings.
GLW's involvement in fiber optics and related technologies positions it well to benefit from the industry's focus on fiber densification and 5G.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Harmonic is well-positioned to capitalize on the demand for seamless connectivity solutions, driven by fiber densification and 5G deployment.
HLIT's focus on connectivity solutions aligns with the industry's trends towards fiber and 5G, suggesting a positive impact on its stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70