Telecom Stocks To Watch Now – May 1st

Broadcom, Arista Networks, and ServiceNow are the three Telecom stocks to watch today, according to MarketBeat’s stock screener tool. Telecom stocks are shares of companies that build, maintain and operate networks for voice, data and internet communications—such as fixed-line carriers, wireless providers and broadband operators. These firms typically require heavy capital investment in infrastructure but generate recurring revenue from subscriptions, usage fees and value-added services. Investors often value telecom stocks for their relatively stable cash flows and dividend yields, though they remain sensitive to regulatory shifts and technological advances. 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.

AVGO stock traded up $8.76 during mid-day trading on Thursday, reaching $201.23. 13,809,438 shares of the company’s stock were exchanged, compared to its average volume of 31,194,222. The company has a market cap of $946.15 billion, a price-to-earnings ratio of 163.89, a price-to-earnings-growth ratio of 2.29 and a beta of 1.05. The stock’s 50 day moving average is $182.40 and its 200 day moving average is $196.18. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.17 and a quick ratio of 1.07. Broadcom has a 12-month low of $122.33 and a 12-month high of $251.88.

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 Arista Networks stock traded up $6.61 during mid-day trading on Thursday, reaching $88.88. 10,556,124 shares of the stock traded hands, compared to its average volume of 9,139,271. The business has a 50-day moving average of $79.28 and a 200 day moving average of $97.90. Arista Networks has a fifty-two week low of $59.43 and a fifty-two week high of $133.58. The stock has a market capitalization of $111.59 billion, a PE ratio of 40.02, a PEG ratio of 3.10 and a beta of 1.30.

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 up $16.20 during mid-day trading on Thursday, reaching $971.21. 906,943 shares of the stock traded hands, compared to its average volume of 1,506,028. The business has a 50-day moving average of $837.53 and a 200 day moving average of $967.60. ServiceNow has a fifty-two week low of $637.99 and a fifty-two week high of $1,198.09. The stock has a market capitalization of $201.04 billion, a PE ratio of 142.04, a PEG ratio of 4.51 and a beta of 1.08. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.15.