Promising 5G Stocks To Keep An Eye On - August 3rd

Key Points

• MarketBeat highlights Super Micro Computer, QUALCOMM, and Cisco Systems as the top 5G stocks to watch, indicating strong trading volumes and potential for growth in the 5G sector.
• Super Micro Computer has seen significant trading activity, with a market cap of $33.80 billion, and its stock has fluctuated between $17.25 and $66.44 over the past year.
• QUALCOMM has a market capitalization of $159.90 billion and trades at a P/E ratio of 14.29, while Cisco Systems has a market cap of $265.76 billion and is recognized for its diverse technology offerings in networking and information technology.

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 companies involved in the development, manufacture, deployment or operation of fifth-generation wireless technology and its supporting infrastructure. These can include telecommunications carriers rolling out 5G networks, equipment makers supplying antennas and radio units, semiconductor firms producing 5G-compatible chips, and software providers enabling network management and related applications. Investors buy 5G stocks to gain exposure to the expected growth in data speeds, low-latency communication, and the broader ecosystem that 5G is projected to unlock. 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 during midday trading on Friday, reaching $56.64. 40,774,767 shares of the company's stock traded hands, compared to its average volume of 36,665,812. The company has a market cap of $33.80 billion, a price-to-earnings ratio of 29.79, a P/E/G ratio of 2.76 and a beta of 1.46. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.95 and a current ratio of 6.66. Super Micro Computer has a one year low of $17.25 and a one year high of $66.44. The stock has a 50 day moving average of $47.62 and a 200 day moving average of $40.91.

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.

QUALCOMM stock traded up $1.43 during mid-day trading on Friday, reaching $148.19. 12,700,280 shares of the stock traded hands, compared to its average volume of 7,744,643. The stock has a market capitalization of $159.90 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 1.90 and a beta of 1.23. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.08. QUALCOMM has a 12-month low of $120.80 and a 12-month high of $182.10. The business's 50-day moving average is $155.11 and its 200-day moving average is $154.86.

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.

CSCO traded down $0.97 during midday trading on Friday, reaching $67.11. The company had a trading volume of 21,648,306 shares, compared to its average volume of 15,898,578. The company has a quick ratio of 0.87, a current ratio of 0.95 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average of $66.87 and a two-hundred day moving average of $62.74. The company has a market cap of $265.76 billion, a P/E ratio of 27.39, a P/E/G ratio of 4.01 and a beta of 0.91. Cisco Systems has a 1 year low of $44.50 and a 1 year high of $69.78.

Read Our Latest Research Report on CSCO

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