Top Telecom Stocks To Follow Now - May 29th

Broadcom, C3.ai, 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 voice and data, broadband internet, satellite communications and network infrastructure. They represent businesses whose core activities include transmitting voice, video and data over various types of networks. Because demand for connectivity tends to be relatively stable, telecom stocks often offer predictable cash flows and attractive dividend yields. 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 up $1.46 during midday trading on Thursday, reaching $240.89. 14,550,067 shares of the company's stock traded hands, compared to its average volume of 30,981,393. Broadcom has a 52 week low of $128.50 and a 52 week high of $251.88. The company has a market cap of $1.13 trillion, a price-to-earnings ratio of 196.45, a price-to-earnings-growth ratio of 2.29 and a beta of 1.04. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.07 and a current ratio of 1.17. The company's 50 day simple moving average is $193.34 and its 200 day simple moving average is $202.36.

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C3.ai (AI)

C3.ai, Inc. operates as an enterprise artificial intelligence (AI) software company in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides C3 AI platform, an application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; C3 AI Ex Machina for analysis-ready data; C3 AI CRM, an industry specific customer relationship management solution; and C3 Generative AI Product Suite that enables to locate, retrieve, and present information.

C3.ai stock traded up $5.71 during mid-day trading on Thursday, reaching $28.73. The company had a trading volume of 48,229,575 shares, compared to its average volume of 5,354,391. The company has a 50 day moving average of $21.72 and a 200-day moving average of $28.30. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of -12.96 and a beta of 1.99. C3.ai has a 52 week low of $17.03 and a 52 week high of $45.08.

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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 traded down $5.86 during mid-day trading on Thursday, reaching $86.93. The company had a trading volume of 12,096,460 shares, compared to its average volume of 8,990,159. The company's 50-day moving average is $81.92 and its 200-day moving average is $96.78. The company has a market capitalization of $109.18 billion, a P/E ratio of 39.11, a P/E/G ratio of 3.10 and a beta of 1.38. Arista Networks has a twelve month low of $59.43 and a twelve month high of $133.58.

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