fiber optic cable market is projected to hit $11.67 billion by 2025
It is now quite well known that the impending launch of 5G networks all over the world is going to have a major impact on the fiber optic cable market.
According to a report, the market could eventually have a valuation of as much as $11.67 billion by 2025 and could generate CAGR of as much as 11.18% from 2013 to 2015. In such a situation, it could be worthwhile for investors to take a look at these three companies.
One of the stocks that deserve attention in the fiber optic cable industry is Lumentum. The company is involved in selling ‘next-generation communications solutions’ meant for 5G operators.
Some of the products that it sells include reconfigurable optical add/drop modules, SDN optical elements, and optical transceivers. These are all vital products that help in the smooth running of 5G systems. Investors could keep an eye on it over the coming months.
Another company that could be worth tracking in light of the impending growth in 5G is Ciena Corporation (NYSE:CIEN). The company is involved in creating optical products that connect different constituents of a 5G network. The company has developed 5G optimized routers that can be used by customers across a wide range of 5G networks. In December, the company declared its financial results. Although the company’s earnings dropped, its revenues rose by 7.6% year on year.
Lastly, it is the telecommunications industry service provider iQSTEL Inc. (OTC: IQST) that could be tracked by investors. The company has also created a subsidiary named Etelix that is involved in providing 4G and 5G related services to carriers. It is one of the most important constituents of the company’s business and has the potential of propelling its growth in the coming years.
iQSTEL Inc. (OTC: IQST) had become involved in the 4G and 5G industry in Latin America as long back as 2013. IQSTEL is currently involved in developing a payments platform, which is going to run on the iQSTEL Inc.’s (OTC: IQST)Blockchain ISP and could be used by International Long Distance Telecommunications Companies. Etelix also produced full-year revenues of $16,327,870 for 2019, and that reflected a healthy jump of 18.55.
Source: Stock Market Press
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