5 Stocks Ready for Rising Data Demand
It only takes being right once to become a millionaire investor. Ultimately, being in the right place and at the right time is what counts.
As my research continues to suggest, it is the right time to be in networking giant Cisco(CSCO) , I am also growing more enamored with names such as AT&T(T) and Verizon(VZ) as their data networks will soon become in higher demand.
The charts below are the results of a study sponsored by Cisco showing that global mobile data grew by 133% during 2011 -- the fourth year that traffic more than doubled. Even more noteworthy were some of the statistics that went along with the study. To list just a few: monthly global mobile data traffic will surpass 10 exabytes in 2016; smartphone handsets will exceed 50% of mobile data traffic in 2014; the average mobile connection speed will probably surpass 1 megabyte per second in 2014.
So with this understanding, the obvious question is, how can investors capitalize on it?
The charts above offer a blueprint to some significant growth opportunities. Remarkably it seems Wall Street has yet to realize this, otherwise companies such as Cisco, Verizon or AT&T would be trading at significantly higher valuations.