NYSEARCA:PXQ - NYSE Arca - US46137V6882 - ETF - Currency: USD
The continuing adoption of hybrid working models, rising demand for advanced and secure networking products and solutions, and the passage of a bipartisan infrastructure bill should foster the networking industry’s growth in the years to come. We believe that these industry tailwinds should help prominent networking companies Motorola (MSI) and Arista (ANET) to grow substantially. But which of these stocks is a better buy now? Read more to find out.
The networking industry has grown significantly over the past year with businesses’ increased dependence on cloud computing and other technology platforms that require networking. The increasing adoption of 5G and use of other advanced technologies are expected to continue to boost demand for networking solutions. So, we think established networking services providers BlackBerry (BB) and Motorola (MSI) should benefit. But which of these two stocks is a better buy now? Let’s find out.
Cisco (CSCO, -7%) is struggling on downbeat guidance after the bell yesterday. But the overall tech and networking sectors are shrugging off the slump.For fiscal Q1 2021, Cisco guided to a revenue decline of 9-11% year-over-year, with gross margin of 64-65%, operating margin of 30-31%, and EPS of $0.69-$0.71 (below consensus for $0.76).“As you would expect, the pandemic has had the most impact on our enterprise and commercial orders, driven by an overall slowdown in spending,” CEO Chuck Robbins said on the earnings call.
The NYSE Networking Arca Index is ending up 19.5%, trailing the S&P 500 IT Index +47% and the +28% for the S&P 500.Networking and communications stocks were hit by the US-China trade war, Huaw
Investors might want to tap into the technology space with this top-performing technology ETFs and stocks over the past month.
ETFs having the largest allocation to this network giant will be in focus over the coming days. Investors should closely monitor the movement in these funds and grab the opportunity when it arises.
Cybersecurity funds are poised to benefit from positive growth in spending trends within the space. These are the best ETFs that will benefit.
Cybersecurity funds are effective ways for investors to gain exposure to this industry's exciting growth prospects. These 5 cybersecurity ETFs are great for growth investors.
The technology sector, which has showed immense strength in face of the trade and tariff threats on FANG surge, lost some ground following the news of a potential curb in Chinese investment.
Investors could tap the current dip in tech stocks via ETFs whose rank have moved up to top hierarchy by two notches. Compare Brokers....
These sector ETFs have a Zacks Rank #1 or 2 and are likely to outperform ahead. Compare Brokers....
ETFs having the largest allocation to this network giant will be in focus over the coming days: IGN, TDIV, CIBR PXQ,