Thanks to consistent advancements in technologies such as 5G, internet of things (IoT) and artificial intelligence (AI), among others, the demand for networking solutions is expected to continue increasing in the coming months. The data center networking industry is expected to grow at an approximate 15% CAGR between 2021 – 2027, according to a report by Global Market Insights. As such, NOK and JNPR could continue witnessing increasing demand for their solutions.
But, while NOK has gained 25.8% over the past year, JNPR has returned 12.7%. Also, in terms of six months’ performance, NOK is a clear winner with 38.2% returns versus JNPR’s 26.5%. But which of these two stocks is a better pick now? Let’s find out.