5G Stocks To Follow Now - August 2nd

Key Points

• Super Micro Computer, QUALCOMM, and Cisco Systems are currently the top 5G stocks to monitor based on trading volume, highlighting their significance in the growing 5G landscape.
• Super Micro Computer's shares recently traded down to $56.64, but the company has shown impressive growth with a market cap of $33.80 billion and a high trading volume.
• QUALCOMM shares increased to $148.19, reflecting strong market activity, while Cisco Systems is also demonstrating noteworthy trading volume with its shares at $67.11.

Super Micro Computer, QUALCOMM, and Cisco Systems are the three 5G stocks to watch today, according to MarketBeat's stock screener tool. 5G stocks are shares of publicly traded companies that develop, manufacture or operate technologies and infrastructure for fifth-generation wireless networks. This includes telecom carriers rolling out 5G services, equipment makers supplying antennas and base stations, semiconductor firms producing 5G-capable chips, and software vendors enabling new applications on 5G networks. Investors buy 5G stocks to gain exposure to the growth potential of faster, lower-latency mobile connectivity. 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.

Shares of NASDAQ:SMCI traded down $2.33 on Friday, hitting $56.64. The company had a trading volume of 40,774,767 shares, compared to its average volume of 36,665,812. Super Micro Computer has a 1 year low of $17.25 and a 1 year high of $66.44. The company has a quick ratio of 3.95, a current ratio of 6.66 and a debt-to-equity ratio of 0.38. The firm's 50-day simple moving average is $47.62 and its two-hundred day simple moving average is $40.84. The firm has a market capitalization of $33.80 billion, a price-to-earnings ratio of 29.79, a P/E/G ratio of 2.87 and a beta of 1.46.

Read Our Latest Research Report on SMCI

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 QCOM stock traded up $1.43 during midday trading on Friday, reaching $148.19. 12,700,280 shares of the stock were exchanged, compared to its average volume of 7,744,643. QUALCOMM has a 1 year low of $120.80 and a 1 year high of $182.10. The firm has a market cap of $162.71 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 1.88 and a beta of 1.26. The company's 50 day moving average is $155.11 and its two-hundred day moving average is $154.93. The company has a current ratio of 3.19, a quick ratio of 2.08 and a debt-to-equity ratio of 0.54.

Read Our Latest Research Report on QCOM

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.

Shares of CSCO stock traded down $0.97 during mid-day trading on Friday, reaching $67.11. 21,648,306 shares of the company's stock traded hands, compared to its average volume of 15,898,578. The company's 50-day moving average price is $66.87 and its 200-day moving average price is $62.72. The company has a market cap of $265.76 billion, a P/E ratio of 27.39, a P/E/G ratio of 4.07 and a beta of 0.91. The company has a quick ratio of 0.87, a current ratio of 0.95 and a debt-to-equity ratio of 0.50. Cisco Systems has a 12 month low of $44.50 and a 12 month high of $69.78.

Read Our Latest Research Report on CSCO

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.