Palo Alto Networks Inc (PANW), Cisco Systems, Inc. (CSCO), Micron Technology, Inc. (MU): 3 Internet Stocks Set to Soar

The company recently acquired Cloupia and Meraki for cloud management, vCider and Cariden for networking, and BroadHop for cloud programming. The transition has been virtually seamless so far. The company has been able to quickly increase revenue in new markets while maintaining consistent streams from previously successful areas. If you are looking for a solid blue chip winner to hold onto for the next two years, look no further than Cisco Systems, Inc. (NASDAQ:CSCO).

3. Micron Technology, Inc. (NASDAQ:MU)

Micron Technology, Inc. (NASDAQ:MU) designs and manufactures semiconductors for data storage and retrieval. The company provides flash memory and dynamic random-access memory used for storage in computers and servers.

Micron Technology, Inc. (NASDAQ:MU) has seen a small but steady increase in revenue stream over the past three quarters: $1.8 billion, $2.1 billion, and $2.3 billion, sequentially. Considering the current performance of the semiconductor market, this is a very positive sign for Micron.

Currently in production, the Micron Technology, Inc. (NASDAQ:MU) P400m shows that Micron is aiming to enter the booming big data market. Micron is currently trading just off a six-year high, at $12.53 a share, but with a price-to-book ratio of 1.92, Micron Technology, Inc. (NASDAQ:MU) is still fairly cheap. Anywhere in the $10 range would be a steal for any investor.

Foolish conclusion

The internet is just starting to gather speed, and as such, many companies will inevitably capitalize on the booming internet penetration rates. Countries in Africa and Asia will soon have internet capabilities that were considered fantasy just a few years ago, and the above companies are certainly stocks that investors should keep an eye on in the near and long-term.

Chris Johnson has no position in any stocks mentioned. The Motley Fool recommends Cisco Systems.

The article 3 Internet Stocks Set to Soar originally appeared on Fool.com and is written by Chris Johnson.

Chris is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

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