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Benzinga highlights 5G penny stocks as telecom rollout continues
One featured name, UTStarcom Holdings Corp, is described as a telecom infrastructure provider with operations across China, India, Japan, Taiwan, and other countries.
Benzinga says the ongoing 5G rollout could lift momentum in a set of low-priced “penny stocks,” describing the space as where former mid and high-priced companies compete for a potential return to higher levels.
In its 5G-focused list, the outlet spotlights UTStarcom Holdings Corp, describing it as a telecom infrastructure provider that builds technology for bandwidth used in cloud-based services, mobile, streaming, and other applications.
The company is said to offer solutions aimed at expanding and modernizing telecommunications networks, with an emphasis on smoother network system integration, lower operating costs, and improved broadband access.
Benzinga also notes UTStarcom’s business is split into an Equipment segment, focused on equipment sales including network infrastructure and application products, and a Service segment, which provides services and support for equipment products and operational support.