Telecom Stocks To Follow Today – May 5th

Broadcom, ServiceNow, and Palo Alto Networks are the three Telecom stocks to watch today, according to MarketBeat’s stock screener tool. Telecom stocks are equity shares of publicly traded companies that provide telecommunications services—such as voice, data and internet connectivity—over wired, wireless and satellite networks. They include major carriers, regional operators and infrastructure or equipment providers whose performance is influenced by regulatory policies, capital investment cycles and consumer demand for broadband and mobile services. Investors often view telecom stocks as relatively stable, dividend-paying assets, though they can be subject to heavy competition and high infrastructure costs. 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 down $0.96 during trading on Monday, hitting $202.68. 5,839,230 shares of the company were exchanged, compared to its average volume of 31,115,218. Broadcom has a 1-year low of $127.51 and a 1-year high of $251.88. 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 firm’s fifty day moving average price is $182.21 and its 200 day moving average price is $196.72. The firm has a market capitalization of $953.00 billion, a P/E ratio of 165.41, a price-to-earnings-growth ratio of 2.29 and a beta of 1.04.

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 NYSE NOW traded up $7.17 during mid-day trading on Monday, hitting $984.53. The company had a trading volume of 524,080 shares, compared to its average volume of 1,508,681. The company has a market capitalization of $203.80 billion, a PE ratio of 144.15, a price-to-earnings-growth ratio of 4.51 and a beta of 1.08. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.15. ServiceNow has a one year low of $637.99 and a one year high of $1,198.09. The firm has a 50-day simple moving average of $839.29 and a two-hundred day simple moving average of $968.74.

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 NASDAQ PANW traded up $2.22 during midday trading on Monday, hitting $189.92. 1,976,098 shares of the company’s stock were exchanged, compared to its average volume of 5,774,767. Palo Alto Networks has a 12 month low of $142.01 and a 12 month high of $208.39. The firm has a market capitalization of $125.75 billion, a PE ratio of 107.09, a price-to-earnings-growth ratio of 5.64 and a beta of 1.07. The company’s 50 day moving average price is $175.97 and its 200 day moving average price is $184.68.