Top Telecom Stocks To Watch Now - August 4th

Key Points

• Broadcom shares recently surged to $297.50, showing strong trading volume and a market cap of $1.40 trillion, yet its performance remains sensitive to industry regulations and technology advancements.
• Palo Alto Networks experienced a decline, with shares reaching $170.78, reflecting its robust cybersecurity offerings while maintaining significant market activity.
• CommScope demonstrated notable growth with shares climbing to $15.00, attributed to its diverse infrastructure solutions for communication and data networks.

Broadcom, Palo Alto Networks, and CommScope are the three Telecom stocks to watch today, according to MarketBeat's stock screener tool. Telecom stocks are equity shares of companies that provide telecommunications services—such as voice, data, internet and wireless communications—across both consumer and enterprise markets. These stocks often exhibit stable cash flows and dividend payouts, but their performance can be influenced by regulatory changes, infrastructure investments and rapid technological advances in networking. 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 up $8.86 on Monday, reaching $297.50. 8,052,335 shares of the stock traded hands, compared to its average volume of 26,756,119. The firm has a market cap of $1.40 trillion, a price-to-earnings ratio of 111.54, a P/E/G 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 12 month low of $128.50 and a 12 month high of $306.95. The stock's 50-day moving average price is $266.56 and its 200-day moving average price is $224.50.

Read Our Latest Research Report on AVGO

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 PANW traded down $2.10 on Monday, reaching $170.78. 6,501,122 shares of the stock traded hands, compared to its average volume of 5,907,190. The firm has a market cap of $113.88 billion, a price-to-earnings ratio of 97.69, a P/E/G ratio of 4.11 and a beta of 0.94. Palo Alto Networks has a 12 month low of $142.01 and a 12 month high of $210.39. The stock's 50-day moving average price is $196.04 and its 200-day moving average price is $187.36.

Read Our Latest Research Report on PANW

CommScope (COMM)

CommScope Holding Company, Inc. provides infrastructure solutions for communications, data center, and entertainment networks worldwide. The company operates through Connectivity and Cable Solutions (CCS); Outdoor Wireless Networks (OWN); Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS) segments.

Shares of COMM traded up $7.21 on Monday, reaching $15.00. 60,616,544 shares of the stock traded hands, compared to its average volume of 5,744,670. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 5.41, a P/E/G ratio of 0.23 and a beta of 2.38. CommScope has a 12 month low of $1.93 and a 12 month high of $15.15. The stock's 50-day moving average price is $7.16 and its 200-day moving average price is $5.70.

Read Our Latest Research Report on COMM

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