Best Telecom Stocks To Add to Your Watchlist – July 15th

Broadcom, ServiceNow, Huntington Bancshares, Quantum Computing, and Arista Networks are the five Telecom stocks to watch today, according to MarketBeat’s stock screener tool. Telecom stocks are shares of publicly traded companies that provide telecommunication services—such as voice, internet, data, and wireless connectivity—through global network infrastructures. Owning these stocks means having an ownership stake in firms that build, maintain, and operate the backbone of modern communication. Investors often value telecom stocks for their steady dividend payouts and defensive characteristics in varied market conditions. 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 AVGO traded up $6.50 during mid-day trading on Tuesday, reaching $282.10. 9,425,734 shares of the company’s stock were exchanged, compared to its average volume of 27,983,556. The stock has a market capitalization of $1.33 trillion, a PE ratio of 105.65, a price-to-earnings-growth ratio of 1.95 and a beta of 1.12. Broadcom has a 52-week low of $128.50 and a 52-week high of $283.24. The business’s fifty day simple moving average is $248.20 and its 200-day simple moving average is $218.77. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.08 and a quick ratio of 0.98.

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.

NOW stock traded up $5.87 during trading on Tuesday, hitting $967.65. The stock had a trading volume of 692,714 shares, compared to its average volume of 1,484,332. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.12 and a current ratio of 1.12. ServiceNow has a 1-year low of $678.66 and a 1-year high of $1,198.09. The stock has a market cap of $200.29 billion, a price-to-earnings ratio of 131.42, a price-to-earnings-growth ratio of 4.31 and a beta of 0.94. The company’s 50 day moving average price is $1,007.75 and its two-hundred day moving average price is $957.77.

Huntington Bancshares (HBAN)

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.

Shares of Huntington Bancshares stock traded down $0.36 on Tuesday, hitting $16.72. 39,558,501 shares of the company’s stock traded hands, compared to its average volume of 19,272,723. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.98. The stock has a market cap of $24.42 billion, a P/E ratio of 12.76, a PEG ratio of 1.32 and a beta of 0.93. Huntington Bancshares has a 52-week low of $11.92 and a 52-week high of $18.45. The firm’s 50-day moving average is $16.10 and its 200 day moving average is $15.70.

Quantum Computing (QUBT)

Quantum Computing Inc., an integrated photonics company, offers accessible and affordable quantum machines. The company offers Dirac systems are portable, low power, and room temperature qubit and qudit entropy quantum computers (EQC); reservoir computing; remote sensing; and single photon imaging. It also provides Quantum random number generator (uQRNG), a portable device that provides genuine random numbers directly from quantum processes; and quantum authentication which eliminates vulnerabilities inherent in classical cryptographic schemes by offering a comprehensive entanglement-based quantum cyber solution that seamlessly integrates into existing telecom fiber and communication infrastructure.

NASDAQ QUBT traded down $1.11 during trading hours on Tuesday, hitting $17.83. The company had a trading volume of 24,527,049 shares, compared to its average volume of 22,950,174. Quantum Computing has a fifty-two week low of $0.53 and a fifty-two week high of $27.15. The firm has a market cap of $2.82 billion, a P/E ratio of -37.19 and a beta of 3.96. The business has a fifty day simple moving average of $14.67 and a 200-day simple moving average of $10.74.

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.

Arista Networks stock traded down $0.77 during mid-day trading on Tuesday, hitting $107.60. The company’s stock had a trading volume of 3,834,449 shares, compared to its average volume of 10,755,949. Arista Networks has a 52-week low of $59.43 and a 52-week high of $133.57. The firm’s 50 day moving average is $95.42 and its 200 day moving average is $94.81. The company has a market cap of $135.14 billion, a PE ratio of 45.54, a price-to-earnings-growth ratio of 3.16 and a beta of 1.40.