Increasing focus on cloud computing, network security, big data and cloud storage is expected to boost the performance of the Zacks Computer – Networking industry participants. Accelerated deployment of 5G is driving the proliferation of the Internet of Things (IoT), Advanced Driver Assistance Systems (ADAS), Augmented Reality/Virtual Reality (AR/VR) devices and 5G smartphones, calling for solid networking infrastructure. This has boosted the demand for networking products, favoring the prospects of prominent industry players like Cisco CSCO, Extreme Networks EXTR and Digi International DGII. However, negative impacts stemming from the lingering supply chain disruptions and component shortages are likely to remain a concern in the near term. The spike in inflation and weakness prevailing over global economic conditions and rising crude prices likely to act as additional headwinds.
Industry Description
The Zacks Computer – Networking industry comprises companies that offer networking and Internet-connected products, including wireless (WiFi and Long-Term Evolution or
Increasing focus on cloud computing, network security, big data and cloud storage is expected to boost the performance of the Zacks Computer – Networking industry participants. Accelerated deployment of 5G is driving the proliferation of the Internet of Things (IoT), Advanced Driver Assistance Systems (ADAS), Augmented Reality/Virtual Reality (AR/VR) devices as well as 5G smartphones, which calls for solid networking infrastructure. This has boosted the demand for networking products, which favors the prospects of prominent industry players like Cisco CSCO, Infinera Corporation INFN and Intrusion INTZ. However, negative impacts stemming from the pandemic-triggered supply chain disruptions and component shortages are a concern in the near term. The emergence of the more transmissible variants and a spike in infection rates across many parts of the world (like Shanghai and Hong Kong), resulting in lockdowns, might further affect supply chain issues, which does not augur well for the industry.
Industry Description
The
