Top Telecom Stocks Worth Watching - May 6th

Broadcom, ServiceNow, Arista Networks, CRH, AT&T, Zscaler, and Palo Alto Networks are the seven 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 fixed-line and mobile phone networks, broadband internet, and data transmission. Investors buy these equities to gain exposure to the sector’s revenue from subscription fees, network usage, and value-added services. Because telecom firms often pay regular dividends, their stocks are viewed as relatively stable income investments. 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 down $0.44 on Tuesday, reaching $200.28. 8,202,518 shares of the stock traded hands, compared to its average volume of 31,056,427. The firm has a market cap of $941.72 billion, a price-to-earnings ratio of 163.29, a P/E/G ratio of 2.29 and a beta of 1.04. Broadcom has a 12 month low of $127.51 and a 12 month high of $251.88. The stock's 50-day moving average price is $181.97 and its 200-day moving average price is $196.86. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.17 and a quick ratio of 1.07.

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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 ServiceNow stock traded down $7.55 during trading on Tuesday, hitting $970.50. 521,701 shares of the company's stock traded hands, compared to its average volume of 1,507,752. ServiceNow has a twelve month low of $637.99 and a twelve month high of $1,198.09. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market cap of $200.89 billion, a PE ratio of 141.85, a PEG ratio of 4.51 and a beta of 1.08. The firm's fifty day moving average price is $840.02 and its 200 day moving average price is $969.13.

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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.

ANET stock traded up $0.30 during trading on Tuesday, hitting $90.68. 5,293,834 shares of the stock traded hands, compared to its average volume of 9,153,508. The stock has a market cap of $113.87 billion, a price-to-earnings ratio of 40.74, a P/E/G ratio of 3.10 and a beta of 1.38. The company has a 50 day simple moving average of $79.03 and a 200 day simple moving average of $97.62. Arista Networks has a one year low of $59.43 and a one year high of $133.58.

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CRH (CRH)

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.

NYSE:CRH traded down $4.10 during trading hours on Tuesday, hitting $94.15. 4,970,324 shares of the stock were exchanged, compared to its average volume of 5,752,881. The company has a market capitalization of $63.68 billion, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33. CRH has a twelve month low of $71.18 and a twelve month high of $110.97. The company's 50 day moving average is $91.94 and its two-hundred day moving average is $96.14.

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AT&T (T)

AT&T, Inc. is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.

Shares of T traded up $0.60 on Tuesday, reaching $28.11. 15,557,699 shares of the company's stock were exchanged, compared to its average volume of 36,276,049. AT&T has a 12 month low of $16.91 and a 12 month high of $29.03. The stock has a market capitalization of $202.23 billion, a P/E ratio of 18.86, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The business has a 50 day moving average price of $27.08 and a two-hundred day moving average price of $24.60.

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Zscaler (ZS)

Zscaler, Inc. operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.

ZS traded up $0.46 during midday trading on Tuesday, reaching $233.44. 1,111,992 shares of the company were exchanged, compared to its average volume of 2,009,693. The stock's 50-day simple moving average is $202.39 and its 200 day simple moving average is $198.78. The stock has a market capitalization of $36.12 billion, a P/E ratio of -933.54 and a beta of 1.14. Zscaler has a one year low of $153.45 and a one year high of $235.67.

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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.

Palo Alto Networks stock traded up $0.92 during midday trading on Tuesday, reaching $189.05. The stock had a trading volume of 1,306,242 shares, compared to its average volume of 5,764,277. The stock has a market capitalization of $125.17 billion, a P/E ratio of 106.33, a price-to-earnings-growth ratio of 5.64 and a beta of 1.07. Palo Alto Networks has a 1-year low of $142.01 and a 1-year high of $208.39. The firm's fifty day simple moving average is $175.94 and its 200-day simple moving average is $184.68.

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