Top Telecom Stocks To Keep An Eye On - August 8th

Key Points

• Three telecom stocks currently highlighted by MarketBeat are Broadcom, ServiceNow, and Palo Alto Networks, known for their substantial dollar trading volumes and dividend payouts.
• Broadcom has a market cap of $1.43 trillion and a P/E ratio of 113.92, with shares trading at $304.14 after a mid-day increase.
• ServiceNow and Palo Alto Networks also show significant market activity, with ServiceNow's shares at $871.33 and Palo Alto Networks at $167.88 during recent trading.

Broadcom, ServiceNow, 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 calls, broadband internet, wireless connectivity and data transmission. These firms earn revenue by offering network infrastructure, mobile and fixed-line services, and related solutions to consumers and businesses. Investors often favor telecom stocks for their relatively stable cash flows and consistent dividend payouts. 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 $0.38 during mid-day trading on Friday, hitting $304.14. The company had a trading volume of 7,112,861 shares, compared to its average volume of 26,497,459. Broadcom has a 12 month low of $134.90 and a 12 month high of $310.34. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.08 and a quick ratio of 0.98. The business's 50-day simple moving average is $271.57 and its 200-day simple moving average is $226.37. The firm has a market cap of $1.43 trillion, a P/E ratio of 113.92, a PEG ratio of 2.15 and a beta of 1.15.

Read Our Latest Research Report on AVGO

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 NOW traded down $2.79 during mid-day trading on Friday, reaching $871.33. The company had a trading volume of 1,186,888 shares, compared to its average volume of 1,687,178. The company has a market capitalization of $181.24 billion, a P/E ratio of 109.63, a P/E/G ratio of 4.11 and a beta of 0.93. The company's 50-day moving average is $985.72 and its 200-day moving average is $946.30. ServiceNow has a twelve month low of $678.66 and a twelve month high of $1,198.09. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.09 and a quick ratio of 1.09.

Read Our Latest Research Report on NOW

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.

NASDAQ PANW traded down $0.22 during trading hours on Friday, reaching $167.88. 5,389,859 shares of the company's stock were exchanged, compared to its average volume of 6,037,545. The firm has a fifty day moving average of $194.71 and a 200-day moving average of $187.03. The stock has a market cap of $111.94 billion, a PE ratio of 96.01, a price-to-earnings-growth ratio of 4.10 and a beta of 0.94. Palo Alto Networks has a one year low of $144.15 and a one year high of $210.39.

Read Our Latest Research Report on PANW

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.