Promising 5G Stocks To Watch Today – February 08th

Super Micro Computer, Monolithic Power Systems, Cisco Systems, QUALCOMM, Fortinet, Onsemi, and Cadence Design Systems are the seven 5G stocks to watch today, according to MarketBeat’s stock screener tool. 5G stocks are publicly traded companies that are involved in the development, deployment, or utilization of 5G technology. These companies may include telecommunications providers, network infrastructure suppliers, chip manufacturers, or software developers that stand to benefit from the increased demand for 5G services and products. Investors may look to 5G stocks as a way to potentially capitalize on the growth of the 5G industry. These companies had the highest dollar trading volume of any 5G stocks within the last several days.

Super Micro Computer (SMCI)

Super Micro Computer, Inc., together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.

SMCI traded up $2.44 during trading on Friday, hitting $36.28. The stock had a trading volume of 72,267,735 shares, compared to its average volume of 35,788,788. Super Micro Computer has a twelve month low of $17.25 and a twelve month high of $122.90. The firm has a market capitalization of $21.24 billion, a P/E ratio of 18.21 and a beta of 1.30. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The company’s 50-day moving average price is $33.55 and its 200 day moving average price is $41.46.

Monolithic Power Systems (MPWR)

Monolithic Power Systems, Inc. engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.

NASDAQ:MPWR traded up $59.35 during mid-day trading on Friday, reaching $720.25. The stock had a trading volume of 2,551,733 shares, compared to its average volume of 915,955. The business has a 50 day simple moving average of $618.61 and a 200 day simple moving average of $754.90. Monolithic Power Systems has a twelve month low of $546.71 and a twelve month high of $959.64. The firm has a market capitalization of $35.13 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.53 and a beta of 1.03.

Cisco Systems (CSCO)

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.

Cisco Systems stock remained flat at $62.27 during midday trading on Friday. The company’s stock had a trading volume of 23,859,464 shares, compared to its average volume of 18,137,774. The company has a market capitalization of $248.01 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 4.63 and a beta of 0.84. Cisco Systems has a 12 month low of $44.50 and a 12 month high of $63.25. The company’s fifty day simple moving average is $59.71 and its 200 day simple moving average is $54.98. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 0.43.

QUALCOMM (QCOM)

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.

Shares of NASDAQ QCOM traded down $1.36 during midday trading on Friday, hitting $167.96. The company had a trading volume of 7,836,987 shares, compared to its average volume of 7,928,451. The company has a quick ratio of 1.79, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. The business has a 50-day simple moving average of $162.15 and a two-hundred day simple moving average of $165.86. QUALCOMM has a twelve month low of $146.29 and a twelve month high of $230.63. The firm has a market capitalization of $185.76 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 2.80 and a beta of 1.25.

Fortinet (FTNT)

Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. It offers secure networking solutions focus on the convergence of networking and security; network firewall solutions that consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless LAN solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless local area network access points, FortiExtender 5G connectivity gateways, and other products.

Shares of FTNT stock traded up $2.94 during midday trading on Friday, reaching $107.66. 11,181,288 shares of the company traded hands, compared to its average volume of 4,073,400. The firm has a market cap of $82.52 billion, a PE ratio of 47.64, a price-to-earnings-growth ratio of 2.75 and a beta of 1.01. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.34 and a quick ratio of 1.25. The firm’s 50 day simple moving average is $97.38 and its two-hundred day simple moving average is $84.56. Fortinet has a 1-year low of $54.57 and a 1-year high of $110.53.

Onsemi (ON)

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.

ON stock traded down $1.19 during midday trading on Friday, hitting $51.25. 13,241,898 shares of the stock were exchanged, compared to its average volume of 8,215,611. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07. The stock has a market cap of $21.82 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 10.27 and a beta of 1.61. Onsemi has a fifty-two week low of $49.80 and a fifty-two week high of $85.16. The stock’s 50-day moving average price is $60.60 and its 200-day moving average price is $67.54.

Cadence Design Systems (CDNS)

Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification.

Shares of NASDAQ:CDNS traded down $3.23 during midday trading on Friday, hitting $299.68. 1,411,387 shares of the stock were exchanged, compared to its average volume of 1,503,015. The stock has a market cap of $82.19 billion, a P/E ratio of 78.66, a PEG ratio of 3.50 and a beta of 1.03. Cadence Design Systems has a twelve month low of $241.29 and a twelve month high of $328.99. The company has a 50 day moving average price of $304.59 and a 200-day moving average price of $285.02. The company has a current ratio of 2.45, a quick ratio of 2.27 and a debt-to-equity ratio of 0.54.