Promising 5G Stocks To Research - August 17th

Key Points

• Cisco Systems, Super Micro Computer, QUALCOMM, and other companies are highlighted as leading stocks in the 5G sector, attracting investors seeking exposure to the anticipated growth in high-speed data services and the Internet of Things ecosystem.
• Cisco Systems reported a current stock price of $66.20 with a market capitalization of $262.15 billion, while Super Micro Computer's stock is at $45.37 and it has a market cap of $27.08 billion.
• QUALCOMM, another key player in the 5G industry, reached a trading price of $157.85, supported by its pivotal role in wireless communication technologies.

Cisco Systems, Super Micro Computer, QUALCOMM, Fortinet, Cadence Design Systems, Monolithic Power Systems, and ON Semiconductor are the seven 5G stocks to watch today, according to MarketBeat's stock screener tool. 5G stocks are publicly traded shares of companies involved in the development, manufacturing, and deployment of fifth-generation wireless network technologies, including telecom carriers, infrastructure equipment makers, and semiconductor chip designers. Investors target these stocks to gain exposure to the anticipated growth in high-speed data services, ultra-low-latency applications, and the expanding Internet of Things ecosystem enabled by 5G networks. These companies had the highest dollar trading volume of any 5G stocks within the last several days.

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 down $3.10 on Friday, hitting $66.20. 40,854,477 shares of the company were exchanged, compared to its average volume of 20,656,640. The firm has a market capitalization of $262.15 billion, a P/E ratio of 25.27, a price-to-earnings-growth ratio of 3.67 and a beta of 0.91. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.01 and a quick ratio of 0.87. The company's 50 day moving average price is $67.98 and its 200-day moving average price is $63.36. Cisco Systems has a twelve month low of $47.85 and a twelve month high of $72.55.

Read Our Latest Research Report on CSCO

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.

Super Micro Computer stock traded down $0.12 during trading hours on Friday, reaching $45.37. 27,373,800 shares of the company were exchanged, compared to its average volume of 43,333,472. The stock has a 50-day moving average of $48.96 and a 200 day moving average of $42.10. Super Micro Computer has a 12 month low of $17.25 and a 12 month high of $66.44. The firm has a market cap of $27.08 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 1.13 and a beta of 1.46. The company has a current ratio of 5.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.74.

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.

NASDAQ:QCOM traded down $0.24 during trading hours on Friday, reaching $157.85. The company had a trading volume of 7,580,460 shares, compared to its average volume of 8,745,438. The stock has a 50-day moving average of $155.73 and a two-hundred day moving average of $153.60. QUALCOMM has a one year low of $120.80 and a one year high of $182.10. The firm has a market capitalization of $170.32 billion, a PE ratio of 15.22, a PEG ratio of 2.30 and a beta of 1.23. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54.

Read Our Latest Research Report on QCOM

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 FTNT stock traded up $1.86 during trading hours on Friday, hitting $79.11. 10,860,686 shares of the company's stock were exchanged, compared to its average volume of 8,724,086. The stock's 50-day moving average is $99.22 and its 200-day moving average is $100.91. The stock has a market cap of $60.62 billion, a price-to-earnings ratio of 31.52, a price-to-earnings-growth ratio of 3.00 and a beta of 1.07. Fortinet has a 52 week low of $70.12 and a 52 week high of $114.82. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.33 and a quick ratio of 1.24.

Read Our Latest Research Report on FTNT

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.

Shares of NASDAQ:CDNS traded up $0.96 during trading on Friday, reaching $349.88. 1,567,384 shares of the company traded hands, compared to its average volume of 1,933,148. The company's 50 day moving average is $324.89 and its two-hundred day moving average is $294.04. The firm has a market capitalization of $95.34 billion, a PE ratio of 94.56, a PEG ratio of 4.59 and a beta of 0.97. The company has a quick ratio of 2.67, a current ratio of 2.82 and a debt-to-equity ratio of 0.49. Cadence Design Systems has a 52 week low of $221.56 and a 52 week high of $376.45.

Read Our Latest Research Report on CDNS

Monolithic Power Systems (MPWR)

Monolithic Power Systems, Inc. engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.

MPWR traded down $22.34 on Friday, reaching $826.47. The stock had a trading volume of 575,624 shares, compared to its average volume of 656,905. Monolithic Power Systems has a fifty-two week low of $438.86 and a fifty-two week high of $959.64. The firm has a 50-day moving average of $744.11 and a 200-day moving average of $663.26. The company has a market capitalization of $39.58 billion, a price-to-earnings ratio of 21.52, a price-to-earnings-growth ratio of 3.08 and a beta of 1.18.

Read Our Latest Research Report on MPWR

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.

Shares of ON stock traded down $0.53 on Friday, hitting $51.09. The company had a trading volume of 7,572,204 shares, compared to its average volume of 11,480,188. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.37 and a current ratio of 5.02. ON Semiconductor has a twelve month low of $31.04 and a twelve month high of $78.61. The stock's 50-day moving average is $54.57 and its two-hundred day moving average is $47.40. The firm has a market cap of $20.89 billion, a P/E ratio of 47.75, a P/E/G ratio of 2.54 and a beta of 1.45.

Read Our Latest Research Report on ON

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