Wednesday, May 05, 2021 2:59:59 PM
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3 Communication Stocks Set to Ride on Biden's Investment Plan
7:36 am ET May 5, 2021 (Zacks) Print
The Zacks Communication - Infrastructure industry appears poised to benefit from healthy growth dynamics driven by President Biden’s multi-billion infrastructure investment plan and solid demand trends as the economy gradually returns to normal after the pandemic-induced adversities. The 5G transition is also expected to be disruptive, creating new avenues for the industry.
Backed by such tailwinds, CommScope Holding Company, Inc. (COMM), Bandwidth Inc. (BAND) and Wireless Telecom Group, Inc. (WTT) are likely to benefit in the long run from higher demand for scalable infrastructure for seamless connectivity amid wide proliferation of IoT, driven by faster pace of 5G deployment.
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