Promising Telecom Stocks To Watch Now - May 3rd

Broadcom, ServiceNow, Arista Networks, Palo Alto Networks, and AT&T are the five Telecom stocks to watch today, according to MarketBeat's stock screener tool. Telecom stocks are equity shares of companies that build, operate, and maintain communications networks—ranging from mobile and landline carriers to internet service providers and equipment manufacturers. Investors often favor them for their relatively stable cash flows and dividend potential, driven by the persistent demand for voice, data and broadband connectivity. 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 NASDAQ:AVGO traded up $6.31 during trading on Friday, reaching $203.64. 17,749,359 shares of the company's stock traded hands, compared to its average volume of 31,190,347. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.17 and a quick ratio of 1.07. The company has a 50 day moving average of $182.21 and a 200-day moving average of $196.48. Broadcom has a 12 month low of $124.71 and a 12 month high of $251.88. The stock has a market capitalization of $957.50 billion, a P/E ratio of 166.10, a price-to-earnings-growth ratio of 2.29 and a beta of 1.05.

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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.

Shares of NYSE:NOW traded up $19.29 during trading on Friday, hitting $977.24. 1,667,831 shares of the company traded hands, compared to its average volume of 1,512,244. The stock has a market capitalization of $202.29 billion, a price-to-earnings ratio of 143.08, a PEG ratio of 4.51 and a beta of 1.08. ServiceNow has a one year low of $637.99 and a one year high of $1,198.09. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.15. The business's fifty day moving average is $839.29 and its 200-day moving average is $968.04.

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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.

ANET traded up $3.24 during trading on Friday, reaching $91.08. 11,074,320 shares of the company were exchanged, compared to its average volume of 9,184,448. The stock has a market cap of $114.36 billion, a P/E ratio of 41.03, a PEG ratio of 3.10 and a beta of 1.38. Arista Networks has a 52 week low of $59.43 and a 52 week high of $133.58. The firm has a 50 day moving average of $79.15 and a 200 day moving average of $97.75.

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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 PANW traded up $1.43 during midday trading on Friday, hitting $187.70. 3,841,186 shares of the stock traded hands, compared to its average volume of 5,794,098. Palo Alto Networks has a 1-year low of $142.01 and a 1-year high of $208.39. The business's 50 day moving average price is $175.97 and its two-hundred day moving average price is $184.71. The firm has a market capitalization of $124.28 billion, a PE ratio of 105.75, a price-to-earnings-growth ratio of 5.64 and a beta of 1.07.

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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.

AT&T stock traded down $0.01 during midday trading on Friday, reaching $27.63. 22,922,269 shares of the stock traded hands, compared to its average volume of 36,364,848. AT&T has a fifty-two week low of $16.73 and a fifty-two week high of $29.03. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The firm has a market cap of $198.33 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 3.00 and a beta of 0.42. The firm has a fifty day moving average price of $27.06 and a two-hundred day moving average price of $24.52.

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