Promising Telecom Stocks To Follow Now - July 12th

Broadcom, ServiceNow, and Arista Networks are the three Telecom stocks to watch today, according to MarketBeat's stock screener tool. Telecom stocks are equity shares of companies that provide telecommunications services—such as voice, data, internet and wireless network connectivity. By investing in these stocks, shareholders gain exposure to businesses that build, maintain and operate the infrastructure enabling global communications. Because telecom firms often generate steady cash flows under regulated environments, their stocks typically offer relatively stable dividend income. 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 down $1.02 during trading hours on Friday, reaching $274.38. 14,264,387 shares of the company were exchanged, compared to its average volume of 28,130,552. The company has a market capitalization of $1.29 trillion, a P/E ratio of 102.76, a P/E/G ratio of 1.96 and a beta of 1.12. Broadcom has a 1-year low of $128.50 and a 1-year high of $281.18. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.08 and a quick ratio of 0.98. The business has a 50 day moving average of $246.70 and a 200 day moving average of $218.87.

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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.

NYSE:NOW traded down $30.97 during trading hours on Friday, reaching $937.12. 2,144,933 shares of the company were exchanged, compared to its average volume of 1,483,800. The company has a market capitalization of $193.97 billion, a P/E ratio of 127.33, a P/E/G ratio of 4.45 and a beta of 0.94. ServiceNow has a 1-year low of $678.66 and a 1-year high of $1,198.09. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.12 and a quick ratio of 1.12. The business has a 50 day moving average of $1,008.08 and a 200 day moving average of $960.59.

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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.

NYSE:ANET traded up $2.42 during trading hours on Friday, reaching $108.71. 12,952,328 shares of the company were exchanged, compared to its average volume of 9,160,375. The company has a market capitalization of $136.53 billion, a P/E ratio of 46.02, a P/E/G ratio of 3.10 and a beta of 1.40. Arista Networks has a 1-year low of $59.43 and a 1-year high of $133.58. The business has a 50 day moving average of $95.05 and a 200 day moving average of $95.11.

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