Telecom Stocks To Follow Now - July 22nd

Broadcom, ServiceNow, and Arista Networks are the three 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 wireless and fixed-line phone networks, broadband internet, and satellite communications. Investors often view them as relatively stable, income-generating assets because these companies typically enjoy recurring revenue streams and pay regular dividends. 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 AVGO traded down $9.38 during midday trading on Tuesday, hitting $278.83. The company had a trading volume of 10,156,055 shares, compared to its average volume of 27,711,302. The company's 50-day simple moving average is $254.41 and its 200-day simple moving average is $220.17. The firm has a market capitalization of $1.31 trillion, a P/E ratio of 104.19, a P/E/G ratio of 2.02 and a beta of 1.12. Broadcom has a 1 year low of $128.50 and a 1 year high of $290.54. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.98 and a current ratio of 1.08.

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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 $3.43 on Tuesday, hitting $963.34. The company had a trading volume of 542,896 shares, compared to its average volume of 1,482,694. The company has a market cap of $199.39 billion, a PE ratio of 130.78, a PEG ratio of 4.43 and a beta of 0.94. The business has a 50 day moving average of $1,006.53 and a 200 day moving average of $955.01. ServiceNow has a 52-week low of $678.66 and a 52-week high of $1,198.09. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.15.

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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.

Shares of ANET stock traded down $1.87 during trading hours on Tuesday, reaching $109.74. The company had a trading volume of 4,726,639 shares, compared to its average volume of 9,142,778. The stock's fifty day simple moving average is $97.19 and its 200 day simple moving average is $94.78. Arista Networks has a twelve month low of $59.43 and a twelve month high of $133.58. The company has a market capitalization of $137.83 billion, a P/E ratio of 46.40, a price-to-earnings-growth ratio of 3.26 and a beta of 1.40.

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