With rising COVID-19 cases ahead of the holiday season, extended hybrid working is expected to boost the 5G industry’s growth. Furthermore, the increasing application of the 5G standard across several sectors should drive the 5G market’s growth even more. We believe it would be wise to buy shares in quality 5G stocks Ciena (NYSE:), A10 Networks(NYSE:), and Aviat Networks (NASDAQ:). They have a ‘Buy’ rating in our proprietary rating system. Let’s discuss.With the festive season around the corner, COVID-19 cases are once again surging. CNBC’s analysis of Johns Hopkins University data revealed that the United States had nearly 95,000 cases in seven days on November 18. This is 31% more than the previous two weeks.

Most organizations will continue to work in a hybrid model for the winter because of rising concern. It is anticipated that this will continue to support the 5G demand. Apple Inc. (NASDAQ) announced that it will push back its return to office plan for February. The recently passed U.S. infrastructure bill, worth $1.2 trillion, has $65 billion allocated to provide broadband access to the underserved and unserved regions of the United States. The 5G industry is likely to benefit from this significant investment. According to the Delaware 5G Infrastructure Market Study Report, the 5G Infrastructure market worldwide is forecast to increase by more than 29% from 2019 to 2026.

This backdrop suggests that we believe that it might be wise to invest in fundamentally strong 5G stock Ciena Corporation, A10 Networks, Inc., (ATEN), or Aviat Networks, Inc., (AVNW). Our proprietary POWR Ratings give them a B rating (Buy).

Continue reading on StockNews