Best Telecom Stocks To Follow Now - August 18th

Key Points

• MarketBeat identifies seven key telecom stocks to watch, including Broadcom, Palo Alto Networks, and Arista Networks, which have shown high trading volumes recently.
• Broadcom's stock is experiencing fluctuations, recently trading at $303.93, reflecting its strong market cap of $1.43 trillion and a notable price-to-earnings ratio.
• Palo Alto Networks offers a diverse range of cybersecurity solutions and has a market cap of $117.45 billion, with its stock trading down to $176.13.

Broadcom, Palo Alto Networks, ServiceNow, Arista Networks, AT&T, CyberArk Software, and Coherent are the seven Telecom stocks to watch today, according to MarketBeat's stock screener tool. Telecom stocks are shares of companies that provide telecommunications services—such as voice, data, internet and wireless networks—through fixed-line, cellular, broadband or satellite infrastructure. They tend to offer steady dividend yields and are sensitive to regulatory policies, spectrum licensing and capital expenditures on network upgrades. 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.

AVGO stock traded down $2.42 during midday trading on Monday, hitting $303.93. The stock had a trading volume of 8,862,349 shares, compared to its average volume of 26,119,813. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 0.89. The stock has a 50-day simple moving average of $278.27 and a 200 day simple moving average of $229.89. Broadcom has a 52 week low of $134.90 and a 52 week high of $317.35. The firm has a market capitalization of $1.43 trillion, a price-to-earnings ratio of 113.98, a P/E/G ratio of 2.18 and a beta of 1.15.

Read Our Latest Research Report on AVGO

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.

Palo Alto Networks stock traded down $0.96 during mid-day trading on Monday, hitting $176.13. 7,708,612 shares of the company were exchanged, compared to its average volume of 6,216,477. Palo Alto Networks has a 1-year low of $144.15 and a 1-year high of $210.39. The company has a market capitalization of $117.45 billion, a PE ratio of 100.65, a price-to-earnings-growth ratio of 4.35 and a beta of 0.94. The business has a fifty day moving average of $192.00 and a 200 day moving average of $186.41.

Read Our Latest Research Report on PANW

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 NOW traded up $16.63 on Monday, hitting $883.87. The company's stock had a trading volume of 1,416,118 shares, compared to its average volume of 1,707,747. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $183.84 billion, a PE ratio of 111.40, a PEG ratio of 3.91 and a beta of 0.93. The company has a 50 day moving average price of $967.03 and a 200 day moving average price of $933.05. ServiceNow has a fifty-two week low of $678.66 and a fifty-two week high of $1,198.09.

Read Our Latest Research Report on NOW

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.

NYSE:ANET traded down $0.16 during mid-day trading on Monday, reaching $137.14. 2,905,976 shares of the company were exchanged, compared to its average volume of 10,546,175. The stock has a market cap of $172.36 billion, a PE ratio of 53.93, a PEG ratio of 3.23 and a beta of 1.37. The company has a fifty day moving average of $109.98 and a 200 day moving average of $95.99. Arista Networks has a 12 month low of $59.43 and a 12 month high of $141.99.

Read Our Latest Research Report on ANET

AT&T (T)

AT&T, Inc. is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.

NYSE T traded up $0.06 during trading hours on Monday, hitting $28.93. The company's stock had a trading volume of 10,588,851 shares, compared to its average volume of 37,276,621. The stock has a fifty day moving average of $27.90 and a 200 day moving average of $27.23. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $206.83 billion, a P/E ratio of 16.42, a PEG ratio of 3.57 and a beta of 0.42. AT&T has a twelve month low of $19.34 and a twelve month high of $29.19.

Read Our Latest Research Report on T

CyberArk Software (CYBR)

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.

NASDAQ:CYBR traded down $2.96 on Monday, reaching $420.89. The company's stock had a trading volume of 608,292 shares, compared to its average volume of 923,973. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. The firm has a market cap of $20.80 billion, a PE ratio of -124.88 and a beta of 0.96. The business's 50-day moving average price is $396.53 and its two-hundred day moving average price is $371.73. CyberArk Software has a 1-year low of $254.43 and a 1-year high of $452.00.

Read Our Latest Research Report on CYBR

Coherent (COHR)

Coherent Corp. develops, manufactures, and markets engineered materials, optoelectronic components and devices, and optical and laser systems and subsystems for the use in the industrial, communications, electronics, and instrumentation markets worldwide. It operates through three segments: Networking, Materials, and Lasers.

Shares of Coherent stock traded down $2.99 during trading on Monday, reaching $90.41. The stock had a trading volume of 2,365,057 shares, compared to its average volume of 3,833,016. The company has a market capitalization of $14.05 billion, a price-to-earnings ratio of -167.50, a P/E/G ratio of 0.99 and a beta of 1.90. Coherent has a 52 week low of $45.58 and a 52 week high of $123.25. The stock has a fifty day moving average price of $94.56 and a two-hundred day moving average price of $79.95. The company has a current ratio of 2.19, a quick ratio of 1.39 and a debt-to-equity ratio of 0.58.

Read Our Latest Research Report on COHR

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