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Promising Telecom Stocks To Watch Now - June 1st

Broadcom logo with Computer and Technology background

Broadcom, Zscaler, ServiceNow, Palo Alto Networks, and Arista Networks 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 communication services such as telephone, internet access, wireless data, and related infrastructure. Investors often favor them for their steady cash flows, dividend payouts, and exposure to long-term growth in connectivity and digital services. 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 $2.47 on Friday, reaching $239.50. The stock had a trading volume of 27,045,094 shares, compared to its average volume of 30,873,614. The business's 50-day moving average price is $195.38 and its two-hundred day moving average price is $203.43. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.07 and a current ratio of 1.17. Broadcom has a fifty-two week low of $128.50 and a fifty-two week high of $251.88. The stock has a market cap of $1.13 trillion, a P/E ratio of 195.35, a price-to-earnings-growth ratio of 2.29 and a beta of 1.04.

Read Our Latest Research Report on AVGO

Zscaler (ZS)

Zscaler, Inc. operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.

Shares of Zscaler stock traded up $22.92 on Friday, reaching $274.03. The stock had a trading volume of 9,940,403 shares, compared to its average volume of 2,045,319. The business's 50-day moving average price is $220.62 and its two-hundred day moving average price is $206.33. Zscaler has a fifty-two week low of $153.45 and a fifty-two week high of $276.49. The stock has a market cap of $42.40 billion, a P/E ratio of -1,096.12 and a beta of 1.14.

Read Our Latest Research Report on ZS

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 down $3.43 on Friday, reaching $1,011.80. The stock had a trading volume of 2,663,194 shares, compared to its average volume of 1,505,352. The business's 50-day moving average price is $899.20 and its two-hundred day moving average price is $974.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.10 and a current ratio of 1.10. ServiceNow has a fifty-two week low of $645.45 and a fifty-two week high of $1,198.09. The stock has a market cap of $209.43 billion, a P/E ratio of 148.14, a price-to-earnings-growth ratio of 4.51 and a beta of 0.97.

Read Our Latest Research Report on NOW

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 $4.96 on Friday, reaching $190.78. The stock had a trading volume of 11,416,203 shares, compared to its average volume of 5,559,007. The business's 50-day moving average price is $178.31 and its two-hundred day moving average price is $184.96. Palo Alto Networks has a fifty-two week low of $142.01 and a fifty-two week high of $208.39. The stock has a market cap of $127.21 billion, a P/E ratio of 107.48, a price-to-earnings-growth ratio of 5.64 and a beta of 1.02.

Read Our Latest Research Report on PANW

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.

Shares of Arista Networks stock traded up $0.12 on Friday, reaching $86.49. The stock had a trading volume of 16,490,789 shares, compared to its average volume of 9,029,731. The business's 50-day moving average price is $81.89 and its two-hundred day moving average price is $96.59. Arista Networks has a fifty-two week low of $59.43 and a fifty-two week high of $133.58. The stock has a market cap of $108.62 billion, a P/E ratio of 38.96, a price-to-earnings-growth ratio of 3.10 and a beta of 1.38.

Read Our Latest Research Report on ANET

Further Reading

Should You Invest $1,000 in Broadcom Right Now?

Before you consider Broadcom, you'll want to hear this.

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