Jannah Theme License is not validated, Go to the theme options page to validate the license, You need a single license for each domain name.

7 5G stocks to buy for lightning-fast growth

Fifth-generation (5G) wireless technology is sparking a digital renaissance around the world. The industry is full of contenders who could potentially become juggernauts in space. However, when picking the best 5G stocks to buy now, it is imperative to exercise caution. After all, with any technology, such as 5G, the robust upside potential is huge. Unfortunately, it can also be accompanied by high market volatility, regulatory uncertainty and higher valuations.

With the market down, however, many undervalued 5G stocks can be snapped up for long-term gains. All this as the 5G wave rolls in to deliver higher speeds, powering transformative technologies from artificial intelligence to autonomous vehicles.

That said, let’s take a look at seven of the best 5G stocks to buy right now.

Best 5G stocks to buy now: T-Mobile (TMUS)

Source: Fit Zstudio / Shutterstock.com

T-Mobile (NASDAQ:TMUS) leads the pack with its innovative deployment strategies. Its efficient use of the low-band and mid-band spectrum has paved the way for unprecedented connectivity. His approach ensures that a whopping 96% of rural Americans are within range of 5G services, marking a giant step in closing the digital divide.

Since T-Mobile hit the scene with its 5G services in June 2019, it has expanded coverage to thousands of cities across the United States. Additionally, its 5G home internet service promises high-speed and seamless connectivity, catering to a growing customer base. . Late last year, it achieved a major breakthrough, bringing Ultra Capacity 5G to a staggering 260 million people. Moreover, the company remains unfazed as it plans to invest a colossal sum between $9.4 billion and $9.7 billion in 2023, bolstering its 5G infrastructure.

Amazon (AMZN)

The phrase

Source: Shutterstock

Amazon (NASDAQ:AMZN) has effectively carved out a niche for itself in the formidable 5G landscape through its powerful Amazon Web Services (AWS) division. Its cloud network houses its private 5G platform, promising an impressive advantage as private 5G networks increase alongside the 5G boom. This positioning opens the way to strong prospects for long-term profitability, an exciting prospect for informed investors.

AWS has effectively fueled Amazon’s journey, recording astounding growth of over 2000% since 2013, with revenue hitting the $80 billion mark in 2022. The ever-expanding private 5G network market is set to benefit from the competence of AWS, highlighting its strategic role in space. Moreover, according to Custom Markets Insights, the 5G private sector could see a staggering growth rate of 49.7% from 2023 to 2030.

American tower (AMT)

Image of a nighttime cityscape with a hyper-connected sky and

Source: Shutterstock

American tower (NYSE:AMT) has a massive presence in the global communications infrastructure sphere, with 225,000 cell towers. Its revenue growth trajectory is nothing short of amazing, with full-year sales growing 14% to $10.7 billion last year. On top of that, real estate sales followed a similar course, rising about 15% to $10.47 billion.

Continuing its strong performance in the first quarter, AMT recorded a new performance in terms of profits and revenues. It recorded sales of $2,767.2 million, beating estimates of $27.2 million, a 4.4% increase in property revenue and an 8.6% increase in adjusted EBITDA.

Looking ahead to 2023, American Tower aims to continue to capitalize on its globally diversified communications infrastructure portfolio. As continued investment in the carrier network and record organic growth of new businesses in the US and Canada drive momentum, the company is in pole position to drive the 5G wave.

Ericsson (ERIC)

7 5G stocks to buy for lightning-fast growth

Source: Shutterstock

Telecom Titan Ericsson (NASDAQ:ERIC) continues to lead the way in 5G, undeterred by a massive sanction from the US Department of Justice. Its footprint on the global 5G scene remains stronger than ever, as it controls approximately 50% of global 5G traffic through its involvement in 137 of the 228 active networks. Additionally, it claims more than 39% radio access network revenue share, underscoring its leadership position in 5G.

Ericsson is changing its culture and increasing its efficiency to reinforce its 5G leadership. It is streamlining its operations, aiming for a leaner and more agile workforce, with plans to cut 8,500 positions. The goal is to significantly reduce costs by more than $880 million by the end of the year. These developments, marking a strategic pivot, should propel Ericsson’s operating margins well beyond their historical averages.

nokia (NOK)

A hand holds a smartphone with 5G and the outline of a city floating above.

Source: Shutterstock

Former smartphone giant nokia (NYSE:NOK) actually staged an extraordinary transformation. Under CEO Pekka Lundmark, Nokia has established its position as a major telecommunications player, setting the tone in the lucrative 5G landscape. Its resurgence is attributed to its efficient execution, capital allocation and massive market potential.

Nokia’s success is punctuated by an enviable track record in closing promising deals, serving as the basis for its impressive revenue growth. This resulted in a remarkable number of over 286 5G commercial agreements. Moreover, its resurgence is evident in its excellent revenue and profitability growth figures, marked by double-digit improvements over the past year. As we move forward, he is targeting full-year sales growth of between 2% and 8% in 2023. NOK shares are trading at just 0.8x trailing twelve-month sales, which is 70% below the industry median.

Marvell Technologies (LMRV)

7 5G stocks to buy for lightning-fast growth

Source: Shutterstock

Marvell Technologies (NASDAQ:LMRV) has established its position as a provider of data infrastructure semiconductor solutions, supporting high-speed 5G connectivity across a broad spectrum. It is an essential pillar supporting 5G wireless infrastructure and networks, making stock MRVL a compelling choice.

Moreover, the company’s innovative trend extends beyond 5G. He is also a pioneer of technologies exploited in AI, drones and cloud computing. Its multifaceted involvement in these interconnected and high-growth fields positions it as an exciting long-term option. Its fundamentals are remarkably solid, with revenue and EBITDA growth over 5 years of 20% and around 36%. Additionally, its leveraged free cash flow grew 228% over the same period. It’s by no means the cheapest 5G stock, trading at more than seven times forward sales estimates, with a yield of more than 0.5%.

Corning (GLW)

7 5G stocks to buy for lightning-fast growth

Source: Shutterstock

Corning (NYSE:GLW) is uniquely positioned in the 5G space, excelling in the production of fiber optic cables, the critical components needed to meet the speed and capacity needs of 5G. Last year, Corning made waves when it unveiled its rugged TXF fiber that achieved a transmission rate of 800 gigabits per second over 800 km. This robust innovation holds vast potential for long distance transmissions, poised to revolutionize many industries.

While recent quarters may have painted a slower picture due to challenges in the Chinese market, the outlook remains spectacular. As macroeconomic headwinds fade, Corning’s should regain momentum. Additionally, a key element for Corning is its rock-solid dividend profile, with 12 consecutive years of growth and an attractive dividend yield of over 3%. For investors eyeing the 5G horizon, Corning’s distinctive offering is an intriguing prospect worth considering.

At the date of publication, Muslim Farooque did not hold (directly or indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com publishing guidelines.

Muslim Farooque is a passionate investor and an optimist at heart. A long-time gamer and tech enthusiast, he has a particular affinity for analyzing tech stocks. Muslim holds a Bachelor of Science in Applied Accounting from Oxford Brookes University.


Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button