5G Stocks To Watch Today - May 7th

Super Micro Computer, QUALCOMM, Fortinet, Cisco Systems, and Cadence Design Systems are the five 5G stocks to watch today, according to MarketBeat's stock screener tool. 5G stocks are equity shares of companies involved in the development, deployment or support of fifth-generation wireless network technology. They include hardware manufacturers, chipmakers, telecom operators and software providers positioned to benefit from 5G’s faster data speeds, lower latency and expanded connectivity. Investors view 5G stocks as a growth opportunity tied to infrastructure upgrades, the Internet of Things and the broader digital transformation. 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 $1.98 during mid-day trading on Wednesday, reaching $30.96. 28,970,073 shares of the company were exchanged, compared to its average volume of 71,512,044. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The firm's 50-day simple moving average is $35.76 and its 200 day simple moving average is $35.46. Super Micro Computer has a 1 year low of $17.25 and a 1 year high of $101.40. The firm has a market cap of $18.47 billion, a price-to-earnings ratio of 15.55 and a beta of 1.36.

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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 up $2.97 on Wednesday, reaching $142.87. 3,029,122 shares of the company's stock were exchanged, compared to its average volume of 8,854,728. The business has a fifty day moving average of $146.99 and a 200-day moving average of $158.00. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. QUALCOMM has a 52-week low of $120.80 and a 52-week high of $230.63. The firm has a market capitalization of $156.87 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 2.01 and a beta of 1.29.

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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.

Fortinet stock traded down $0.62 during mid-day trading on Wednesday, reaching $106.52. 2,159,794 shares of the company's stock were exchanged, compared to its average volume of 4,967,878. The company has a fifty day moving average of $98.64 and a 200-day moving average of $97.08. The company has a market cap of $81.46 billion, a P/E ratio of 47.07, a P/E/G ratio of 4.19 and a beta of 1.16. The company has a quick ratio of 1.39, a current ratio of 1.47 and a debt-to-equity ratio of 0.67. Fortinet has a twelve month low of $54.57 and a twelve month high of $114.82.

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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.

NASDAQ:CSCO traded up $0.48 during midday trading on Wednesday, reaching $59.70. The company had a trading volume of 3,062,806 shares, compared to its average volume of 20,177,569. The stock's fifty day simple moving average is $59.02 and its 200-day simple moving average is $59.38. The company has a current ratio of 0.87, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. Cisco Systems has a 12-month low of $44.50 and a 12-month high of $66.50. The firm has a market capitalization of $237.50 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 4.16 and a beta of 0.89.

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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.

Cadence Design Systems stock traded up $2.49 during trading on Wednesday, reaching $308.27. The stock had a trading volume of 366,037 shares, compared to its average volume of 1,951,397. Cadence Design Systems has a 52-week low of $221.56 and a 52-week high of $328.99. The business has a 50 day moving average price of $260.56 and a 200 day moving average price of $283.59. The company has a quick ratio of 2.27, a current ratio of 2.93 and a debt-to-equity ratio of 0.53. The stock has a market cap of $84.17 billion, a PE ratio of 79.82, a P/E/G ratio of 3.88 and a beta of 1.04.

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