The ongoing transition from 4G networking to 5G and other technological advancements have been brightening the networking industry’s prospects. The industry has been benefiting already from increased dependence on cloud computing. With several industries looking to integrate their supply chains and other domains into one platform for better coordination, the networking industry is expected to grow significantly in the coming months. According to Global Market Insights, the data center networking industry is expected to grow at an approximate 15% CAGR between 2021 – 2027. So, both ANET and ERIC should benefit.
But while ANET has gained 52.2% over the past year, ERIC has returned 49.7%. In terms of past six months’ performance, ANET is a clear winner with 25.1% returns versus ERIC’s 7.6%. But which of these two stocks is a better pick now? Let’s find out.