Promising Telecom Stocks To Follow Now - August 17th

Key Points

• MarketBeat highlights Broadcom, Palo Alto Networks, ServiceNow, AT&T, Coherent, Arista Networks, and Globant as key telecom stocks to watch based on recent trading volumes.
• AT&T shares have shown stability, trading up $0.14 to reach $28.89, with a market capitalization of $206.57 billion.
• ServiceNow's stock saw a significant increase of $16.03, hitting $866.89, as it continues to provide innovative workflow automation solutions.

Broadcom, Palo Alto Networks, ServiceNow, AT&T, Coherent, Arista Networks, and Globant are the seven 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 voice, data, internet access, wireless and fixed‐line connectivity, and related infrastructure. Investors in telecom stocks gain exposure to firms that tend to generate steady cash flows and pay reliable dividends, although their growth prospects may be tempered by heavy regulatory oversight and high capital‐expenditure requirements. 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.

Shares of Broadcom stock traded down $4.89 during mid-day trading on Friday, hitting $306.34. 22,795,520 shares of the stock were exchanged, compared to its average volume of 17,011,082. Broadcom has a twelve month low of $134.90 and a twelve month high of $317.35. The stock has a market capitalization of $1.44 trillion, a price-to-earnings ratio of 114.73, a price-to-earnings-growth ratio of 2.18 and a beta of 1.15. The company has a 50-day simple moving average of $278.27 and a 200 day simple moving average of $229.79. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 0.89.

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.

Shares of Palo Alto Networks stock traded up $3.54 during mid-day trading on Friday, hitting $177.09. 9,535,538 shares of the stock were exchanged, compared to its average volume of 11,219,376. Palo Alto Networks has a twelve month low of $144.15 and a twelve month high of $210.39. The stock has a market capitalization of $118.08 billion, a price-to-earnings ratio of 101.19, a price-to-earnings-growth ratio of 4.34 and a beta of 0.94. The company has a 50-day simple moving average of $192.00 and a 200 day simple moving average of $186.42.

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 ServiceNow stock traded up $16.03 during mid-day trading on Friday, hitting $866.89. 1,758,039 shares of the stock were exchanged, compared to its average volume of 1,860,190. ServiceNow has a twelve month low of $678.66 and a twelve month high of $1,198.09. The stock has a market capitalization of $180.31 billion, a price-to-earnings ratio of 109.18, a price-to-earnings-growth ratio of 3.91 and a beta of 0.93. The company has a 50-day simple moving average of $967.03 and a 200 day simple moving average of $933.60. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.14.

Read Our Latest Research Report on NOW

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.

Shares of T stock traded up $0.14 during trading hours on Friday, hitting $28.89. 37,018,071 shares of the company were exchanged, compared to its average volume of 33,399,430. The firm has a market cap of $206.57 billion, a PE ratio of 16.41, a PEG ratio of 3.57 and a beta of 0.42. AT&T has a 1 year low of $19.08 and a 1 year high of $29.19. 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 fifty day moving average of $27.90 and a 200 day moving average of $27.21.

Read Our Latest Research Report on T

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 COHR stock traded up $1.86 during trading hours on Friday, hitting $93.51. 8,987,737 shares of the company were exchanged, compared to its average volume of 4,593,583. The company has a quick ratio of 1.54, a current ratio of 2.19 and a debt-to-equity ratio of 0.58. Coherent has a 1 year low of $45.58 and a 1 year high of $123.25. The firm has a fifty day moving average of $94.56 and a 200 day moving average of $80.02. The firm has a market cap of $14.54 billion, a PE ratio of -173.16, a PEG ratio of 0.52 and a beta of 1.90.

Read Our Latest Research Report on COHR

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.

ANET traded up $0.75 during trading on Friday, hitting $137.23. 6,054,998 shares of the company's stock were exchanged, compared to its average volume of 9,893,038. Arista Networks has a 1 year low of $59.43 and a 1 year high of $141.99. The stock has a 50 day moving average price of $109.98 and a 200 day moving average price of $96.12. The firm has a market cap of $172.48 billion, a P/E ratio of 53.97, a price-to-earnings-growth ratio of 3.23 and a beta of 1.37.

Read Our Latest Research Report on ANET

Globant (GLOB)

Globant S.A., together with its subsidiaries, provides technology services worldwide. It provides digital solutions comprising blockchain, cloud technologies, cybersecurity, data and artificial intelligence, digital experience and performance, code, Internet of Things, metaverse, and engineering and testing; and enterprise technology solutions and services, such as Agile organization, Cultural Hacking, process optimization services, as well as AWS, Google Cloud, Microsoft, Oracle, SalesForce, SAP, and ServiceNow technology solutions.

Shares of GLOB traded down $11.58 during mid-day trading on Friday, reaching $66.54. 7,477,307 shares of the stock traded hands, compared to its average volume of 1,669,236. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 27.05, a P/E/G ratio of 2.73 and a beta of 1.16. The stock has a fifty day simple moving average of $87.59 and a 200 day simple moving average of $119.40. Globant has a 12-month low of $64.51 and a 12-month high of $238.32. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.13.

Read Our Latest Research Report on GLOB

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.