Promising Telecom Stocks To Watch Today - August 3rd

Key Points

• Five telecom stocks to watch include Broadcom, Palo Alto Networks, ServiceNow, Arista Networks, and CyberArk Software, all showing significant trading volume recently.
• Broadcom shares recently traded around $288.64, with a market cap of $1.36 trillion and a price-to-earnings ratio of 108.10.
• Palo Alto Networks and ServiceNow saw stock prices drop to $172.88 and $914.03 respectively, reflecting their ongoing market volatility.

Broadcom, Palo Alto Networks, ServiceNow, Arista Networks, and CyberArk Software are the five Telecom stocks to watch today, according to MarketBeat's stock screener tool. Telecom stocks are shares of publicly traded companies in the telecommunications sector, which provide voice, data and internet connectivity through wired, wireless or satellite networks. They tend to attract investors seeking stable, recurring revenue streams and often pay dividends reflecting the essential nature of communication 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.

AVGO stock traded down $5.06 during trading hours on Friday, reaching $288.64. 21,405,316 shares of the stock were exchanged, compared to its average volume of 15,995,794. The firm's 50-day moving average is $266.56 and its 200-day moving average is $224.53. The company has a market cap of $1.36 trillion, a price-to-earnings ratio of 108.10, a PEG ratio of 2.05 and a beta of 1.15. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.08 and a quick ratio of 0.98. Broadcom has a 12 month low of $128.50 and a 12 month high of $306.95.

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.

PANW stock traded down $0.72 during trading hours on Friday, reaching $172.88. 16,231,498 shares of the stock were exchanged, compared to its average volume of 7,730,412. The firm's 50-day moving average is $196.04 and its 200-day moving average is $187.29. The company has a market cap of $115.28 billion, a price-to-earnings ratio of 98.79, a PEG ratio of 4.83 and a beta of 0.95. Palo Alto Networks has a 12 month low of $142.01 and a 12 month high of $210.39.

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.

NOW stock traded down $29.09 during trading hours on Friday, reaching $914.03. 1,810,388 shares of the stock were exchanged, compared to its average volume of 1,532,572. The firm's 50-day moving average is $994.89 and its 200-day moving average is $950.03. The company has a market cap of $190.12 billion, a price-to-earnings ratio of 115.12, a PEG ratio of 4.12 and a beta of 0.93. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.09 and a quick ratio of 1.09. ServiceNow has a 12 month low of $678.66 and a 12 month high of $1,198.09.

Read Our Latest Research Report on NOW

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 stock traded down $5.66 during trading hours on Friday, reaching $117.56. 11,553,581 shares of the stock were exchanged, compared to its average volume of 8,253,870. The firm's 50-day moving average is $101.48 and its 200-day moving average is $94.98. The company has a market cap of $147.65 billion, a price-to-earnings ratio of 49.76, a PEG ratio of 3.42 and a beta of 1.37. Arista Networks has a 12 month low of $59.43 and a 12 month high of $133.57.

Read Our Latest Research Report on ANET

CyberArk Software (CYBR)

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.

CYBR stock traded up $2.53 during trading hours on Friday, reaching $414.00. 3,227,349 shares of the stock were exchanged, compared to its average volume of 2,003,482. The firm's 50-day moving average is $391.99 and its 200-day moving average is $368.15. The company has a market cap of $20.46 billion, a price-to-earnings ratio of -122.85 and a beta of 0.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 1.29. CyberArk Software has a 12 month low of $230.00 and a 12 month high of $452.00.

Read Our Latest Research Report on CYBR

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