Best Telecom Stocks To Follow Today - June 2nd

Broadcom, Zscaler, ServiceNow, Palo Alto Networks, and AT&T 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 telecommunications services—such as phone, internet, cable and data transmission—to consumers and businesses. Investors in telecom stocks gain exposure to a sector known for steady cash flows, high infrastructure costs and often stable dividend payouts. Performance in this sector is influenced by factors like regulatory changes, technological upgrades (e.g., 5G), and shifts in consumer demand for connectivity. 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.

NASDAQ AVGO traded up $7.75 on Monday, reaching $249.82. The company's stock had a trading volume of 11,613,062 shares, compared to its average volume of 30,798,887. Broadcom has a 52 week low of $128.50 and a 52 week high of $251.88. The company has a current ratio of 1.17, a quick ratio of 1.07 and a debt-to-equity ratio of 0.98. The business has a 50-day moving average price of $195.38 and a 200 day moving average price of $203.66. The firm has a market cap of $1.17 trillion, a PE ratio of 203.65, a price-to-earnings-growth ratio of 2.29 and a beta of 1.04.

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Zscaler (ZS)

Zscaler, Inc. operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.

Shares of NASDAQ ZS traded up $16.99 during midday trading on Monday, reaching $292.69. 3,953,389 shares of the stock were exchanged, compared to its average volume of 2,053,365. The company has a market capitalization of $45.29 billion, a price-to-earnings ratio of -1,169.79 and a beta of 1.14. Zscaler has a 12 month low of $153.45 and a 12 month high of $292.76. The business has a 50-day simple moving average of $220.62 and a two-hundred day simple moving average of $206.31.

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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 stock traded up $3.01 on Monday, reaching $1,014.10. The stock had a trading volume of 573,220 shares, compared to its average volume of 1,501,697. ServiceNow has a 12 month low of $645.45 and a 12 month high of $1,198.09. The firm has a market capitalization of $209.90 billion, a price-to-earnings ratio of 148.39, a P/E/G ratio of 4.51 and a beta of 0.97. The firm's 50-day moving average is $899.20 and its two-hundred day moving average is $974.30. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.15.

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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.

Shares of NASDAQ:PANW traded up $1.69 on Monday, reaching $194.11. 2,516,425 shares of the company's stock were exchanged, compared to its average volume of 5,547,180. The company has a fifty day moving average of $178.31 and a 200-day moving average of $184.87. Palo Alto Networks has a twelve month low of $142.01 and a twelve month high of $208.39. The company has a market capitalization of $129.43 billion, a price-to-earnings ratio of 109.31, a PEG ratio of 5.64 and a beta of 1.02.

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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 $0.09 on Monday, hitting $27.89. The company had a trading volume of 15,545,956 shares, compared to its average volume of 36,692,653. The stock has a market capitalization of $200.65 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 3.00 and a beta of 0.42. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The firm has a 50 day moving average of $27.36 and a two-hundred day moving average of $25.31. AT&T has a 52 week low of $17.42 and a 52 week high of $29.03.

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