Top Telecom Stocks To Research - August 14th

Key Points

• Broadcom, Coherent, and Palo Alto Networks are highlighted as top telecom stocks to watch, with increased trading volumes indicating strong investor interest.
• Broadcom's stock reached $310.33 during trading, showcasing its market dominance with a market cap of $1.46 trillion.
• Palo Alto Networks, specializing in cybersecurity, saw its stock price hit $174.46, emphasizing the growing demand for security solutions in the telecommunications sector.

Broadcom, Coherent, and Palo Alto Networks are the three Telecom stocks to watch today, according to MarketBeat's stock screener tool. Telecom stocks are shares of companies that provide telecommunications services—such as mobile, fixed-line, broadband internet and data transmission—and the infrastructure that underpins voice and data networks. Investors buy these equities to gain exposure to an industry characterized by large capital expenditures, steady cash flows, and often 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.

Broadcom stock traded up $1.24 during midday trading on Thursday, hitting $310.33. 8,698,592 shares of the stock were exchanged, compared to its average volume of 26,207,361. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $1.46 trillion, a price-to-earnings ratio of 116.05, a price-to-earnings-growth ratio of 2.22 and a beta of 1.15. Broadcom has a 52-week low of $134.90 and a 52-week high of $317.35. The business's 50-day moving average price is $276.06 and its 200-day moving average price is $228.20.

Read Our Latest Research Report on AVGO

Coherent (COHR)

Coherent Corp. develops, manufactures, and markets engineered materials, optoelectronic components and devices, and optical and laser systems and subsystems for the use in the industrial, communications, electronics, and instrumentation markets worldwide. It operates through three segments: Networking, Materials, and Lasers.

COHR traded down $24.65 during midday trading on Thursday, reaching $89.36. The company had a trading volume of 18,832,291 shares, compared to its average volume of 3,740,393. The stock has a market cap of $13.89 billion, a PE ratio of -387.43, a P/E/G ratio of 0.66 and a beta of 1.90. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 2.47. The business has a 50-day moving average price of $94.04 and a two-hundred day moving average price of $79.91. Coherent has a 12-month low of $45.58 and a 12-month high of $123.25.

Read Our Latest Research Report on COHR

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 $2.40 during trading hours on Thursday, hitting $174.46. 4,438,618 shares of the company's stock traded hands, compared to its average volume of 6,157,904. The firm has a market cap of $116.33 billion, a P/E ratio of 100.08, a P/E/G ratio of 4.16 and a beta of 0.94. The business's fifty day simple moving average is $192.92 and its two-hundred day simple moving average is $186.63. Palo Alto Networks has a 52 week low of $144.15 and a 52 week high of $210.39.

Read Our Latest Research Report on PANW

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