Super Micro Computer, Cisco Systems, QUALCOMM, Jabil, Fortinet, ON Semiconductor, and Cadence Design Systems are the seven 5G stocks to watch today, according to MarketBeat's stock screener tool. 5G stocks are shares of publicly traded companies whose revenues and growth prospects are tied to the deployment and adoption of fifth-generation wireless networks. They include telecommunications service providers rolling out 5G coverage, equipment manufacturers supplying antennas and routers, and semiconductor firms making the chips that power 5G devices. Investors buy 5G stocks to gain exposure to the expected acceleration in data speeds, connectivity, and new applications enabled by 5G technology. 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.
SMCI traded up $1.01 during midday trading on Wednesday, hitting $44.12. 11,907,420 shares of the company traded hands, compared to its average volume of 60,490,895. 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 has a market capitalization of $26.33 billion, a PE ratio of 23.18 and a beta of 1.40. The company's 50-day moving average is $37.96 and its 200 day moving average is $37.35. Super Micro Computer has a 52 week low of $17.25 and a 52 week high of $101.40.
Read Our Latest Research Report on SMCI
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 up $0.68 during mid-day trading on Wednesday, hitting $66.01. The company had a trading volume of 5,199,611 shares, compared to its average volume of 20,100,983. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.95 and a quick ratio of 0.87. Cisco Systems has a 52-week low of $44.50 and a 52-week high of $66.50. The company has a market capitalization of $261.42 billion, a P/E ratio of 26.94, a P/E/G ratio of 3.95 and a beta of 0.88. The stock's 50 day moving average price is $60.86 and its 200-day moving average price is $60.66.
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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.
Shares of QUALCOMM stock traded up $0.73 during midday trading on Wednesday, hitting $155.19. The company had a trading volume of 1,970,318 shares, compared to its average volume of 8,695,554. The stock has a market cap of $170.40 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 1.75 and a beta of 1.26. The company has a quick ratio of 2.08, a current ratio of 2.73 and a debt-to-equity ratio of 0.48. The company has a fifty day simple moving average of $146.71 and a 200 day simple moving average of $155.12. QUALCOMM has a 12-month low of $120.80 and a 12-month high of $230.63.
Read Our Latest Research Report on QCOM
Jabil (JBL)
Jabil Inc. provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; electronic circuit design services, such as application-specific integrated circuit design, firmware development, and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).
NYSE:JBL traded up $7.70 during midday trading on Wednesday, hitting $204.59. The company's stock had a trading volume of 1,414,921 shares, compared to its average volume of 1,455,447. Jabil has a fifty-two week low of $95.85 and a fifty-two week high of $206.61. The firm's 50 day moving average is $157.94 and its 200-day moving average is $151.63. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.02 and a quick ratio of 0.66. The firm has a market cap of $21.96 billion, a P/E ratio of 49.17, a P/E/G ratio of 1.76 and a beta of 1.14.
Read Our Latest Research Report on JBL
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.
Shares of NASDAQ FTNT traded down $1.68 during midday trading on Wednesday, reaching $101.20. 1,485,536 shares of the stock were exchanged, compared to its average volume of 4,950,180. The firm has a 50-day simple moving average of $101.71 and a two-hundred day simple moving average of $100.21. Fortinet has a twelve month low of $54.57 and a twelve month high of $114.82. The firm has a market cap of $77.46 billion, a price-to-earnings ratio of 41.65, a PEG ratio of 3.52 and a beta of 1.06. The company has a quick ratio of 1.29, a current ratio of 1.36 and a debt-to-equity ratio of 0.25.
Read Our Latest Research Report on FTNT
ON Semiconductor (ON)
onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.
ON stock traded down $0.04 during midday trading on Wednesday, reaching $52.90. The stock had a trading volume of 2,016,721 shares, compared to its average volume of 8,159,307. ON Semiconductor has a 52-week low of $31.04 and a 52-week high of $80.08. The company has a current ratio of 4.95, a quick ratio of 3.32 and a debt-to-equity ratio of 0.42. The company's fifty day simple moving average is $42.57 and its 200 day simple moving average is $49.53. The company has a market cap of $22.10 billion, a price-to-earnings ratio of 36.73, a price-to-earnings-growth ratio of 4.39 and a beta of 1.39.
Read Our Latest Research Report on ON
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.
CDNS traded up $0.07 on Wednesday, hitting $299.07. The company had a trading volume of 339,512 shares, compared to its average volume of 2,126,334. The firm has a market cap of $81.66 billion, a P/E ratio of 75.71, a PEG ratio of 4.17 and a beta of 0.98. Cadence Design Systems has a 1 year low of $221.56 and a 1 year high of $328.99. The company's fifty day moving average price is $294.66 and its 200 day moving average price is $287.16. The company has a current ratio of 3.07, a quick ratio of 2.90 and a debt-to-equity ratio of 0.52.
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