Promising Telecom Stocks Worth Watching – February 05th

Broadcom, ServiceNow, CDW, Arista Networks, AT&T, Palo Alto Networks, and Coherent are the seven Telecom stocks to watch today, according to MarketBeat’s stock screener tool. Telecom stocks refer to stocks of companies involved in the telecommunications industry, which includes providers of phone, internet, and data services. These stocks represent investments in companies that operate infrastructure and services related to communication technologies. These companies had the highest dollar trading volume of any Telecom stocks within the last several days.

Broadcom (AVGO)

Broadcom Inc. designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software.

Shares of Broadcom stock traded up $14.25 during trading hours on Wednesday, hitting $236.68. 17,331,593 shares of the company’s stock traded hands, compared to its average volume of 30,529,998. The company has a fifty day simple moving average of $215.62 and a 200-day simple moving average of $183.06. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.17 and a quick ratio of 1.07. The stock has a market capitalization of $1.11 trillion, a price-to-earnings ratio of 192.46, a PEG ratio of 2.31 and a beta of 1.02. Broadcom has a 12-month low of $119.76 and a 12-month high of $251.88.

ServiceNow (NOW)

ServiceNow, Inc. provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.

Shares of ServiceNow stock traded up $11.79 on Wednesday, reaching $1,021.92. 724,180 shares of the company traded hands, compared to its average volume of 1,691,905. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market capitalization of $210.52 billion, a PE ratio of 149.62, a PEG ratio of 4.74 and a beta of 0.99. The company has a 50 day moving average of $1,081.85 and a 200 day moving average of $961.18. ServiceNow has a 52 week low of $637.99 and a 52 week high of $1,198.09.

CDW (CDW)

CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security.

NASDAQ CDW traded up $8.52 during trading on Wednesday, hitting $207.86. 2,414,353 shares of the company’s stock traded hands, compared to its average volume of 1,389,475. The business has a 50 day moving average of $182.49 and a 200-day moving average of $202.62. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.28 and a current ratio of 1.40. CDW has a 12-month low of $168.43 and a 12-month high of $263.37. The stock has a market capitalization of $27.70 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 5.39 and a beta of 1.01.

Arista Networks (ANET)

Arista Networks, Inc. engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.

ANET traded up $2.22 on Wednesday, reaching $114.54. The company had a trading volume of 3,392,442 shares, compared to its average volume of 9,039,961. Arista Networks has a 52-week low of $60.08 and a 52-week high of $133.57. The company has a market cap of $144.29 billion, a price-to-earnings ratio of 55.01, a P/E/G ratio of 3.10 and a beta of 1.09. The business has a 50 day simple moving average of $112.28 and a 200 day simple moving average of $99.36.

AT&T (T)

AT&T, Inc. is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.

T stock traded up $0.10 during midday trading on Wednesday, reaching $24.35. The company had a trading volume of 14,752,080 shares, compared to its average volume of 38,824,398. The firm has a 50-day moving average price of $22.97 and a 200-day moving average price of $21.73. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The company has a market capitalization of $174.68 billion, a P/E ratio of 16.34, a P/E/G ratio of 2.71 and a beta of 0.59. AT&T has a 1 year low of $15.94 and a 1 year high of $24.98.

Palo Alto Networks (PANW)

Palo Alto Networks, Inc. provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.

PANW traded up $2.45 during trading on Wednesday, reaching $185.85. The stock had a trading volume of 1,733,916 shares, compared to its average volume of 5,933,400. The business has a 50-day moving average of $187.09 and a 200-day moving average of $180.19. Palo Alto Networks has a one year low of $130.04 and a one year high of $207.24. The stock has a market cap of $121.96 billion, a PE ratio of 48.35, a PEG ratio of 5.27 and a beta of 1.14.

Coherent (COHR)

Coherent Corp. develops, manufactures, and markets engineered materials, optoelectronic components and devices, and optical and laser systems and subsystems for the use in the industrial, communications, electronics, and instrumentation markets worldwide. It operates through three segments: Networking, Materials, and Lasers.

Shares of COHR traded up $3.53 during midday trading on Wednesday, reaching $91.27. The stock had a trading volume of 3,168,037 shares, compared to its average volume of 3,659,548. The company has a current ratio of 2.67, a quick ratio of 1.65 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $14.12 billion, a price-to-earnings ratio of -74.19, a price-to-earnings-growth ratio of 0.90 and a beta of 1.66. The company’s 50-day moving average is $98.39 and its 200 day moving average is $89.99. Coherent has a 12-month low of $48.78 and a 12-month high of $113.60.