Top 5G Penny Stocks to Buy Today

As Nokia is not the largest multinational telecommunications in the world, it’s also likely that Nokia will be able to easily increase its market share in the future. One of the 5G penny stocks that have also jumped in share price during November (2020) and December (2020) is Veon Ltd. Shares have rose from $1.23 at the start of November (2020) to highs last week on January 7 of $1.75. This 40%+ move was also accompanied by several key updates, many included raising large amounts of capital for investments into its subsidiaries.

Veon Lmtd offers telecommunication services in a multitude of countries and has a presence in Asia, Africa, and Europe. Currently, Veon Ltd offers broadband data services, voice services, and a wide array of digital services. One reason why many tech investors recommend investing in Communication Systems is that they were once deemed a top runner and enjoyed explosive growth during the last few months of 2020. Many economists believe that with favorable conditions, Communications Systems could once again be a front runner in the tech industry and could reach a new high which could surpass their 2019 share price. Communications Systems is a US-based company that offers physical connectivity infrastructure for international broadband networks.

  1. The quarter’s consolidated operating income from continuing operations was $1.2 million.
  2. Communication Systems’ primary mission is to enable individuals and businesses to keep connected.
  3. Casa Systems is another firm that has seen its stock price rise on Tuesday, earning it a spot on our list of the day’s top 5G penny stocks.
  4. Within China, Nokia has won 90% of the 5G contracts which it has bid for, which shows that Nokia has a positive reputation in China.
  5. Each reader should consult with his or her own financial advisor; any and all decisions taken as a consequence of the information offered here are solely the responsibility of the reader.

Since this is such a new industry, you might also be interested in smaller companies that stand to gain a lot from the upcoming 5G boom. Five Minute Finance has influenced how I see finance – I rely on it for insight on the latest news and trends at the intersection of finance and technology. Borqs is a Chinese company, and in 2021, it formed JV to develop a $110 million 5G industrial park in Huzhou, China.

Additionally, Qualcomm is advancing its generative AI strategy with the release of Snapdragon X Elite. The revolutionary CPU is expected to run generative AI models 2X faster than its competition. While FY23 earnings results were disappointing, 2024 could be the year of redemption. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Nothing on this website should be considered personalized financial advice. Any investments recommended here in should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.

It provides its services to communications services providers including mobile network operators and enterprises. Investing in a 5G company that has interests around the globe like Communication Systems, is a great idea as you’ll decrease your risk as an investor. As if there is a delay with 5G roll-outs in one region of the world, your investment should continue to gradually increase in price. Arista is a top equipment provider for data centers and internet infrastructure, with open-source hardware and network management and cybersecurity tools.

Already a huge enterprise, Nvidia is finding a potentially gigantic new market in 5G. Marvell Technology Group has long been a leader in developing data processing units (DPUs). Its chips are instrumental in moving large amounts of digital information in networking equipment and data centers. Since mobile networks are increasingly being used in enterprise applications, 5G has been a natural fit for Marvell’s portfolio of silicon. Qualcomm’s product portfolio includes chips that enable 5G technology. Qualcomm has profited from the smartphone boom since the early 2000s by focusing on the tech behind 3G and 4G mobile networks.

Veon Ltd.

Pair this with a 17-year streak of increasing the dividend, and Verizon becomes a moderate buy option. Besides slower but steady growth, the REITs are also top income-generating investments in the 5G space. The merger gives AMD access to a best-in-class research and development department. Xilinx will also improve AMD’s profitability since Xilinx’s profit margins are far higher than some of the traditional AMD chips used in personal computers and data centers.

As of the start of 2021, Nokia claims to have signed 67 individual 5G contracts. KT Corporation is the largest telecommunications company in South Korea and serves 90% of Korea. While KT Corporation was once 100% owned by the Korean government, it’s now a publically listed company and you can purchase KT Corporation shares on the New York Stock Exchange. As Ericsson has brought out Cradlepoint, it’s very likely that Ericsson will be able to produce its own high-tech 5G solutions. If Ericsson is able to produce innovative 5G solutions as a result of acquiring Cradlepoint, it’s likely that Ericsson’s share price will continue to soar in the coming 12 months.

MicroVision, Inc., based in Redmond, Washington, creates laser scanning technology for 3D sensing, picture capture, and projection. The company is known for not just fueling the 5G revolution, but also for assisting others in working more efficiently throughout it. (5G reduces latency, allowing MicroVision’s services to perform more smoothly). Chinese telecom infrastructure provider, UTStarcom, provides a broad range of services, including those for enterprises. The company primarily operates in China, Japan, and India, but is also expanding into Africa and Latin America.

This potentially means an increase in the stock price for these companies, especially those with more room for growth. Communications Systems, Inc. provides global deployments of broadband networks with broadband infrastructure and services. The company expects a significant surge of customers as 5G demand expands, ensuring its subsidiary companies are ready to offer top-notch 5G telecommunication expansion services. The products the company offers are branded as turn-key products — meaning it is easy to integrate into existing systems because these telecommunications products are ready-to-use. Over the past decade, the demand for a fast internet connection has become indispensable.

The move came as Borqs seemingly benefited from a broader move in the overall tech sector. One of the things that have helped boost interest in the company in addition to the overall excitement for 5G penny stocks is what was announced in December of 2020. It offers lower latency (the time between an input or request for data and the network’s response).

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The company was once a highly-valued stock, with a history that goes as far back during the early-2000s but the company has never come back to that value since. Regardless, the company is looking to build more momentum, especially after its positive $90 million year-to-date forecast and executing a term sheet worth $60 million from a strategic investor. IQSTEL has a lot of movement at the start of 2022, starting with a steep value drop for January 2022 as the company prepares for a NASDAQ uplisting. Because these connections are widespread, the company can offer international 5G connections to its customers.

Related Stocks

As a result of 5G’s speed, businesses are using it for all kinds of applications. There are a few key reasons why you should consider investing in Veon Ltd. Firstly, Veon Ltd diversifies its portfolio of assets and operations by investing money into various subsidiaries. All of which operate in the tech industry and support Veon Ltd’s primary products and services. Nokia is a multinational telecommunications company that also produces consumer electronics such as smartphones.

While most of 2020 was relatively quiet aside from a few select days last summer, recent weeks have seen a much more consistent uptick in Globalstar’s stock, then we see the obvious jump last week. In addition to the latest deal with Nokia, Globalstar has gained more attention following November’s (2020) financial results and business update. Aside from its clear focus on 5G, the stock market should also note the company’s reach in other areas of technology and telecommunications services.

The company’s solutions create secure network connections that work with a wide range of IoT devices and can be used in many different industries. Today, the company both designs and manufactures technologies found in wireless communication devices. Despite its status as a penny stock, UTStarcom’s products have a wide range of potential applications and a global customer base. This also means that traders of smaller market cap 5G stocks that run under $5 can benefit.

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UTStarcom is a Chinese company that offers a variety of telecommunications services and products. The company provides over 680 million people with voice, data, digital services, and broadband services in seven markets from Eastern Europe to western Asia and northern Africa. Most of the 5g penny stocks listed above are traded on major exchanges like the NASDAQ or the New York Stock Exchange. The 52-week low it’re experiencing at the start of 2022 should give investors a good chance to start with ADDvantage as one of its first penny stocks.