Best Telecom Stocks To Add to Your Watchlist – May 16th

Broadcom, Quantum Computing, Globant, ServiceNow, and Zscaler are the five 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 voice calling, broadband internet, wireless data, fiber-optic networks and satellite communications. Because they operate large, capital-intensive networks under evolving regulations and technologies, these stocks often offer steady dividend income and long-term growth tied to the rollout of new infrastructure like 5G or fiber broadband. 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 traded down $4.61 on Friday, reaching $228.03. The company’s stock had a trading volume of 11,888,703 shares, compared to its average volume of 31,149,032. The stock has a 50 day moving average of $186.31 and a two-hundred day moving average of $198.91. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $1.07 trillion, a price-to-earnings ratio of 185.97, a P/E/G ratio of 2.29 and a beta of 1.04. Broadcom has a fifty-two week low of $128.50 and a fifty-two week high of $251.88.

Quantum Computing (QUBT)

Quantum Computing Inc., an integrated photonics company, offers accessible and affordable quantum machines. The company offers Dirac systems are portable, low power, and room temperature qubit and qudit entropy quantum computers (EQC); reservoir computing; remote sensing; and single photon imaging. It also provides Quantum random number generator (uQRNG), a portable device that provides genuine random numbers directly from quantum processes; and quantum authentication which eliminates vulnerabilities inherent in classical cryptographic schemes by offering a comprehensive entanglement-based quantum cyber solution that seamlessly integrates into existing telecom fiber and communication infrastructure.

QUBT stock traded up $3.51 on Friday, hitting $12.75. The company’s stock had a trading volume of 74,396,658 shares, compared to its average volume of 17,696,670. The firm has a 50 day moving average of $7.28 and a two-hundred day moving average of $8.16. Quantum Computing has a 1 year low of $0.35 and a 1 year high of $27.15. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of -43.32 and a beta of 3.74.

Globant (GLOB)

Globant S.A., together with its subsidiaries, provides technology services worldwide. It provides digital solutions comprising blockchain, cloud technologies, cybersecurity, data and artificial intelligence, digital experience and performance, code, Internet of Things, metaverse, and engineering and testing; and enterprise technology solutions and services, such as Agile organization, Cultural Hacking, process optimization services, as well as AWS, Google Cloud, Microsoft, Oracle, SalesForce, SAP, and ServiceNow technology solutions.

Shares of NYSE:GLOB traded down $32.52 on Friday, reaching $100.32. 8,636,234 shares of the company were exchanged, compared to its average volume of 660,769. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 26.89, a price-to-earnings-growth ratio of 2.38 and a beta of 1.37. Globant has a 1-year low of $89.13 and a 1-year high of $238.32. The company has a 50-day moving average of $119.37 and a 200-day moving average of $178.25.

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 NOW stock traded up $5.76 during trading hours on Friday, hitting $1,040.94. 677,883 shares of the company were exchanged, compared to its average volume of 1,514,259. The firm has a market cap of $215.47 billion, a PE ratio of 152.42, a PEG ratio of 4.51 and a beta of 0.97. ServiceNow has a 1 year low of $637.99 and a 1 year high of $1,198.09. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.15. The firm has a fifty day moving average of $858.93 and a 200 day moving average of $972.52.

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.

Shares of ZS traded up $6.26 during mid-day trading on Friday, reaching $252.18. 1,864,381 shares of the stock traded hands, compared to its average volume of 2,036,627. Zscaler has a 12-month low of $153.45 and a 12-month high of $253.52. The firm has a market cap of $39.02 billion, a price-to-earnings ratio of -1,008.76 and a beta of 1.14. The stock has a fifty day simple moving average of $209.13 and a 200 day simple moving average of $201.55.