Lumentum Witneeses Strong Demand due to global growth in networks and 5G
Tech-based businesses often work in different ways. For instance, companies that manufacture components can often end up being more profitable than the actual manufacturer. Such a thing has been seen in the tech space in the last decade and could be true for fiber optic companies involved in 5G. Here is a look at two such stocks which could be tracked by investors at this point in time.
The first stock to consider in this regard is that of Lumentum (NASDAQ: LITE), which is involved in selling ‘next-generation optical communications’ products that are meant for 5G. The company makes a wide range of products starting from optical transceivers and reconfigurable optical add/drop modules to SDN optical elements.
The company released its fiscal second-quarter financial results back in February, and at the time, the company’s Chief Executive Officer said that the company’s growth had been driven by strong demand for many of the company’s products. He went on to state that demand is expected to be strong due to global growth in networks and 5G.
On the other hand, iQSTEL Inc. (OTC: IQST) has emerged as another important operator in the 5F space. The company, which is involved in telecom equipment and 5G component sales, made an important announcement on Thursday.
iQSTEL Inc. (OTC: IQST) announced that it had inked an investment banking agreement with a well-known investment banker from New York. By way of this agreement, IQSTEL is going to be helped with regard to the sourcing of capital. The investment bank is a full-service broker-dealer and had been established at some point in the 1980s.
The bank is going to work as the financial advisor and placement agent for iQSTEL Inc. (OTC: IQST) as it tries to make 5G investments and infrastructure acquisitions worth $25 million. The news was welcomed with great optimism by the markets, and the stock soared by as much as 80% on Thursday.
iQSTEL Inc. (OTC: IQST) is all set to be one of the major players in the 5G space and has already created a subsidiary that is going to exclusively work with carriers. The 5G market is expected to go past $5.5 billion in valuation this year and record CAGR of 122% between the years of 2021 and 2026.
Source: Stock Market Press
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