Top Telecom Stocks To Consider – February 08th

Broadcom, ServiceNow, and Palo Alto Networks are the three Telecom stocks to watch today, according to MarketBeat’s stock screener tool. Telecom stocks refer to the stocks or shares of companies that operate in the telecommunications industry. These companies provide services related to telecommunications, such as wireless communication, internet services, and telephone services. Investing in telecom stocks allows individuals or entities to gain exposure to this sector and potentially benefit from the growth and performance of these companies. 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.

NASDAQ AVGO traded down $6.49 on Friday, reaching $224.87. 22,084,864 shares of the company were exchanged, compared to its average volume of 30,073,216. The company has a current ratio of 1.17, a quick ratio of 1.07 and a debt-to-equity ratio of 0.98. The business’s fifty day moving average price is $219.76 and its 200 day moving average price is $184.18. The stock has a market capitalization of $1.05 trillion, a P/E ratio of 183.42, a price-to-earnings-growth ratio of 2.42 and a beta of 1.02. Broadcom has a fifty-two week low of $119.76 and a fifty-two week 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 NOW traded down $15.51 during mid-day trading on Friday, reaching $1,007.79. The stock had a trading volume of 1,385,656 shares, compared to its average volume of 1,777,070. The firm has a market cap of $207.61 billion, a price-to-earnings ratio of 147.55, a P/E/G ratio of 4.76 and a beta of 0.99. ServiceNow has a 52-week low of $637.99 and a 52-week high of $1,198.09. The business’s fifty day moving average is $1,080.32 and its 200 day moving average is $963.81. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 1.10.

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.

Shares of Palo Alto Networks stock traded up $6.57 during trading hours on Friday, reaching $193.94. 6,341,981 shares of the company were exchanged, compared to its average volume of 5,443,483. Palo Alto Networks has a 1 year low of $130.04 and a 1 year high of $207.24. The firm has a market cap of $127.26 billion, a PE ratio of 50.51, a PEG ratio of 5.36 and a beta of 1.14. The stock’s fifty day moving average is $186.88 and its 200 day moving average is $180.47.