Increasing focus on network security, cloud computing, big data and cloud storage is expected to drive the Zacks Computer – Networking industry participants’ prospects.
Further, rapid deployment of 5G networking is aiding the proliferation of Internet of Things (IoT), Advanced Driver Assistance Systems (ADAS), Augmented Reality/Virtual Reality (AR/VR) devices, and 5G smartphones, which necessitates a future of robust networking infrastructure.
This has bolstered the demand for networking products, which favors the prospects of prominent industry players including NETGEAR (NTGR), Lantronix (LTRX), Extreme Networks (EXTR) and Digi International (DGII).
Thereby, the outlook for the Zacks Computer – Networking industry appears encouraging at the moment. Nevertheless, slowdown in IT spending and broader macroeconomic weakness due to the coronavirus crisis are likely to act as dampeners.
The Zacks Computer – Networking industry comprises companies that provide networking and Internet connected products, including wireless (WiFi and LTE), Ethernet and powerline, with focus