Top Telecom Stocks To Follow Today – February 07th

Broadcom, ServiceNow, Palo Alto Networks, Arista Networks, and Lumentum are the five Telecom stocks to watch today, according to MarketBeat’s stock screener tool. Telecom stocks refer to publicly traded companies that are involved in providing telecommunications services such as telephone, internet, and wireless communication services. These companies typically offer a range of products and services related to communication infrastructure and technology, and their stocks are bought and sold on the stock market as a way for investors to potentially profit from the performance of the telecommunications industry. 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 down $5.46 during trading on Friday, hitting $225.90. The stock had a trading volume of 11,654,258 shares, compared to its average volume of 29,912,617. The stock has a market cap of $1.06 trillion, a price-to-earnings ratio of 183.98, a price-to-earnings-growth ratio of 2.31 and a beta of 1.02. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.07 and a current ratio of 1.17. Broadcom has a 1-year low of $119.76 and a 1-year high of $251.88. The company’s 50 day moving average price is $218.50 and its two-hundred day moving average price is $183.74.

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.

NOW stock traded down $12.35 during trading on Friday, hitting $1,010.95. 764,874 shares of the company’s stock traded hands, compared to its average volume of 1,664,168. ServiceNow has a 52 week low of $637.99 and a 52 week high of $1,198.09. The stock has a market capitalization of $208.26 billion, a price-to-earnings ratio of 147.95, a price-to-earnings-growth ratio of 4.74 and a beta of 0.99. The stock has a fifty day moving average price of $1,081.18 and a two-hundred day moving average price of $962.06. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.15.

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 Palo Alto Networks stock traded up $6.85 on Friday, hitting $194.22. 3,683,328 shares of the company traded hands, compared to its average volume of 5,835,151. The company has a market cap of $127.45 billion, a PE ratio of 50.53, a PEG ratio of 5.27 and a beta of 1.14. Palo Alto Networks has a 12-month low of $130.04 and a 12-month high of $207.24. The company has a 50-day moving average price of $186.88 and a 200 day moving average price of $180.28.

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.

NYSE ANET traded up $3.66 during trading hours on Friday, reaching $118.93. 5,724,245 shares of the company’s stock were exchanged, compared to its average volume of 8,880,738. Arista Networks has a one year low of $60.08 and a one year high of $133.57. The firm has a fifty day moving average of $112.87 and a 200-day moving average of $99.58. The stock has a market cap of $149.83 billion, a PE ratio of 57.17, a price-to-earnings-growth ratio of 3.10 and a beta of 1.09.

Lumentum (LITE)

Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.

Shares of Lumentum stock traded down $7.61 during trading hours on Friday, hitting $85.06. The company’s stock had a trading volume of 4,098,983 shares, compared to its average volume of 2,352,372. The stock has a 50 day moving average of $87.70 and a 200 day moving average of $71.27. The company has a debt-to-equity ratio of 2.87, a current ratio of 5.36 and a quick ratio of 4.04. Lumentum has a 12 month low of $38.28 and a 12 month high of $104.00. The company has a market capitalization of $5.84 billion, a PE ratio of -10.27 and a beta of 0.94.