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Promising Telecom Stocks To Follow Today - May 18th

Broadcom logo with Computer and Technology background

Broadcom, ServiceNow, Quantum Computing, Globant, and AT&T are the five 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 mobile and fixed‐line voice, broadband internet, and data transmission. They typically include wireless carriers, cable and fiber providers, satellite operators and network‐equipment makers, and are often valued for their steady cash flows and dividend potential driven by essential communication infrastructure. 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 $4.03 on Friday, reaching $228.61. The company's stock had a trading volume of 22,996,350 shares, compared to its average volume of 31,255,540. Broadcom has a 52-week low of $128.50 and a 52-week high of $251.88. The company has a market capitalization of $1.07 trillion, a P/E ratio of 186.47, a PEG ratio of 2.29 and a beta of 1.04. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 0.98. The stock has a 50-day moving average price of $187.08 and a 200-day moving average price of $199.41.

Read Our Latest Research Report on AVGO

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 up $5.04 during trading hours on Friday, reaching $1,040.22. 1,156,504 shares of the company were exchanged, compared to its average volume of 1,520,328. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.15. The firm has a market cap of $215.33 billion, a PE ratio of 152.30, a price-to-earnings-growth ratio of 4.51 and a beta of 0.97. ServiceNow has a twelve month low of $637.99 and a twelve month high of $1,198.09. The stock's 50-day moving average is $863.52 and its 200-day moving average is $973.27.

Read Our Latest Research Report on NOW

Quantum Computing (QUBT)

Quantum Computing Inc., an integrated photonics company, offers accessible and affordable quantum machines. The company offers Dirac systems are portable, low power, and room temperature qubit and qudit entropy quantum computers (EQC); reservoir computing; remote sensing; and single photon imaging. It also provides Quantum random number generator (uQRNG), a portable device that provides genuine random numbers directly from quantum processes; and quantum authentication which eliminates vulnerabilities inherent in classical cryptographic schemes by offering a comprehensive entanglement-based quantum cyber solution that seamlessly integrates into existing telecom fiber and communication infrastructure.

Shares of QUBT stock traded up $3.63 on Friday, reaching $12.87. 91,313,177 shares of the company were exchanged, compared to its average volume of 17,888,654. Quantum Computing has a 1 year low of $0.35 and a 1 year high of $27.15. The business has a 50-day moving average price of $7.45 and a 200 day moving average price of $8.28. The company has a market cap of $1.81 billion, a price-to-earnings ratio of -44.38 and a beta of 3.74.

Read Our Latest Research Report on QUBT

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 Globant stock traded down $32.27 during trading hours on Friday, reaching $100.58. 11,007,198 shares of the company's stock were exchanged, compared to its average volume of 666,188. The company has a market capitalization of $4.43 billion, a P/E ratio of 27.04, a price-to-earnings-growth ratio of 2.38 and a beta of 1.37. Globant has a 1 year low of $88.03 and a 1 year high of $238.32. The business has a fifty day moving average of $118.69 and a two-hundred day moving average of $177.17.

Read Our Latest Research Report on GLOB

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.

NYSE:T traded up $0.39 during trading hours on Friday, hitting $27.72. The company had a trading volume of 31,085,059 shares, compared to its average volume of 36,827,914. AT&T has a 1 year low of $17.11 and a 1 year high of $29.03. The company has a market cap of $199.43 billion, a P/E ratio of 18.60, a P/E/G ratio of 3.00 and a beta of 0.42. The company has a 50-day moving average of $27.18 and a 200 day moving average of $24.92. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

Read Our Latest Research Report on T

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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.

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