Telecom Stocks To Watch Now - August 5th

Key Points

• Broadcom, Arista Networks, and Palo Alto Networks are highlighted as top telecom stocks to watch, showing significant trading volumes recently.
• Broadcom's stock has had a notable price movement, trading at $294.97 with a market cap of $1.39 trillion and a high of $306.95 over the past year.
• Palo Alto Networks** provides comprehensive cybersecurity solutions and has a market cap of $112.34 billion, with shares trading at $168.48, down from a high of $210.39.

Broadcom, Arista Networks, and Palo Alto 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 telecommunication services—such as voice, data, broadband and wireless connectivity—to consumers, businesses and governments. They typically generate stable, subscription-based cash flows and often pay consistent dividends, making them attractive to income-oriented investors. Because telecommunications are essential services, these stocks tend to exhibit defensive characteristics and relative revenue stability even during economic downturns. 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.

Broadcom stock traded down $2.75 during midday trading on Tuesday, hitting $294.97. The company's stock had a trading volume of 10,307,127 shares, compared to its average volume of 26,704,850. The company has a 50-day moving average price of $267.94 and a two-hundred day moving average price of $224.92. The company has a market cap of $1.39 trillion, a price-to-earnings ratio of 110.54, 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 1-year low of $134.90 and a 1-year high of $306.95.

Read Our Latest Research Report on AVGO

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.

NYSE ANET traded down $1.95 on Tuesday, hitting $118.41. The company's stock had a trading volume of 7,174,035 shares, compared to its average volume of 10,542,744. Arista Networks has a 1-year low of $59.43 and a 1-year high of $133.57. The company's 50-day moving average is $102.06 and its 200 day moving average is $94.82. The firm has a market cap of $148.71 billion, a PE ratio of 50.17, a PEG ratio of 3.42 and a beta of 1.37.

Read Our Latest Research Report on ANET

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 down $2.52 during trading hours on Tuesday, reaching $168.48. The company's stock had a trading volume of 4,911,110 shares, compared to its average volume of 5,932,613. Palo Alto Networks has a one year low of $144.15 and a one year high of $210.39. The stock's fifty day simple moving average is $195.73 and its two-hundred day simple moving average is $187.32. The company has a market capitalization of $112.34 billion, a P/E ratio of 96.47, a P/E/G ratio of 4.11 and a beta of 0.94.

Read Our Latest Research Report on PANW

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