5G Stocks Worth Watching – April 21st

Super Micro Computer, QUALCOMM, Cisco Systems, Cadence Design Systems, and Fortinet are the five 5G stocks to watch today, according to MarketBeat’s stock screener tool. 5G stocks refer to shares of companies that are directly involved in the development, production, and deployment of the next-generation 5G wireless network infrastructure and related technologies. This category typically includes telecom carriers, semiconductor manufacturers, and tech firms that develop hardware or software supporting 5G applications, and investors often view them as promising due to the anticipated growth and innovation enabled by widespread 5G adoption. 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.

NASDAQ SMCI traded down $2.20 during trading hours on Monday, hitting $29.31. The company had a trading volume of 16,923,869 shares, compared to its average volume of 67,891,719. The business has a 50 day moving average of $39.73 and a 200-day moving average of $36.50. The company has a market cap of $17.39 billion, a PE ratio of 14.71 and a beta of 1.22. Super Micro Computer has a 1-year low of $17.25 and a 1-year high of $101.40. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

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.

NASDAQ:QCOM traded down $3.15 during trading hours on Monday, hitting $133.51. The company’s stock had a trading volume of 1,821,186 shares, compared to its average volume of 8,446,968. The company has a market capitalization of $147.66 billion, a PE ratio of 14.26, a PEG ratio of 2.01 and a beta of 1.28. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62. The business’s 50-day moving average is $153.10 and its two-hundred day moving average is $160.28. QUALCOMM has a 52-week low of $120.80 and a 52-week high of $230.63.

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.

CSCO traded down $1.60 during trading on Monday, hitting $54.16. The company’s stock had a trading volume of 3,731,870 shares, compared to its average volume of 20,082,726. The firm’s 50 day moving average price is $60.69 and its 200-day moving average price is $59.18. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.79. Cisco Systems has a twelve month low of $44.50 and a twelve month high of $66.50. The stock has a market cap of $215.46 billion, a PE ratio of 23.65, a PEG ratio of 4.16 and a beta of 0.86.

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.

CDNS traded down $9.90 during trading hours on Monday, reaching $250.32. 254,452 shares of the stock traded hands, compared to its average volume of 1,944,023. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.93 and a quick ratio of 2.27. The firm’s fifty day simple moving average is $257.23 and its two-hundred day simple moving average is $282.25. Cadence Design Systems has a fifty-two week low of $221.56 and a fifty-two week high of $328.99. The company has a market cap of $68.67 billion, a price-to-earnings ratio of 64.85, a PEG ratio of 3.88 and a beta of 1.14.

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 traded down $3.75 during mid-day trading on Monday, reaching $92.38. 655,067 shares of the company’s stock traded hands, compared to its average volume of 5,068,215. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.39 and a current ratio of 1.47. The stock has a market capitalization of $71.04 billion, a P/E ratio of 40.88, a price-to-earnings-growth ratio of 4.19 and a beta of 1.09. The business’s 50-day moving average price is $100.70 and its 200-day moving average price is $95.41. Fortinet has a 12 month low of $54.57 and a 12 month high of $114.82.