Promising Telecom Stocks To Watch Now – May 2nd

Broadcom, ServiceNow, Arista Networks, Palo Alto Networks, and Apollo Global Management are the five Telecom stocks to watch today, according to MarketBeat’s stock screener tool. Telecom stocks are shares of companies that provide telecommunications services—such as voice calling, mobile data, broadband internet, cable television and satellite communications. They typically generate predictable, subscription-based revenues and often pay steady dividends. At the same time, their performance can be shaped by shifting technology standards, competitive pressures and regulatory changes. 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.

NASDAQ AVGO traded up $7.49 on Friday, hitting $204.82. 9,186,462 shares of the company were exchanged, compared to its average volume of 31,150,887. The company has a current ratio of 1.17, a quick ratio of 1.07 and a debt-to-equity ratio of 0.98. The company has a market cap of $963.05 billion, a PE ratio of 166.87, a PEG ratio of 2.29 and a beta of 1.05. The stock has a fifty day moving average of $182.19 and a 200-day moving average of $196.28. Broadcom has a 12 month low of $122.33 and a 12 month high of $251.88.

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 NYSE NOW traded up $21.34 during midday trading on Friday, hitting $979.29. 812,985 shares of the stock traded hands, compared to its average volume of 1,507,576. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.10 and a current ratio of 1.10. ServiceNow has a one year low of $637.99 and a one year high of $1,198.09. The business has a 50 day moving average price of $838.19 and a two-hundred day moving average price of $967.70. The company has a market cap of $202.71 billion, a PE ratio of 143.44, a P/E/G ratio of 4.51 and a beta of 1.08.

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 $3.86 during midday trading on Friday, reaching $91.70. 6,392,060 shares of the company’s stock traded hands, compared to its average volume of 9,152,558. The firm’s fifty day moving average price is $79.19 and its 200-day moving average price is $97.80. Arista Networks has a 52 week low of $59.43 and a 52 week high of $133.58. The company has a market cap of $115.14 billion, a price-to-earnings ratio of 41.28, a P/E/G ratio of 3.10 and a beta of 1.30.

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 NASDAQ PANW traded up $2.18 during mid-day trading on Friday, reaching $188.45. 2,235,952 shares of the company’s stock traded hands, compared to its average volume of 5,790,908. Palo Alto Networks has a 1-year low of $142.01 and a 1-year high of $208.39. The stock has a market cap of $124.77 billion, a P/E ratio of 106.29, a PEG ratio of 5.64 and a beta of 1.07. The business has a 50-day simple moving average of $175.98 and a 200 day simple moving average of $184.71.

Apollo Global Management (APO)

Apollo Global Management, Inc. is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.

APO traded down $0.85 during midday trading on Friday, reaching $137.05. 2,641,500 shares of the company were exchanged, compared to its average volume of 3,842,269. Apollo Global Management has a one year low of $95.11 and a one year high of $189.49. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The company’s fifty day moving average price is $133.38 and its 200 day moving average price is $152.96. The company has a market cap of $78.18 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66.