Promising Telecom Stocks To Keep An Eye On – May 15th

Broadcom, ServiceNow, and Arista Networks are the three Telecom stocks to watch today, according to MarketBeat’s stock screener tool. Telecom stocks are shares of publicly traded companies that build, maintain or operate telecommunications networks and services—such as wireless carriers, cable and fiber?optic providers, satellite operators and related infrastructure firms. Investors in these stocks gain exposure to the flow of voice, data and video traffic across global networks, often alongside steady dividend yields and growth tied to evolving communication technologies. 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.

Broadcom stock traded up $0.73 during trading hours on Thursday, hitting $232.85. The stock had a trading volume of 9,781,379 shares, compared to its average volume of 31,196,610. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.17 and a quick ratio of 1.07. The stock has a market capitalization of $1.09 trillion, a price-to-earnings ratio of 189.89, a PEG ratio of 2.29 and a beta of 1.04. The stock’s fifty day moving average is $185.35 and its two-hundred day moving average is $198.49. Broadcom has a 1-year low of $128.50 and a 1-year 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 NOW traded up $9.58 during mid-day trading on Thursday, reaching $1,036.40. 510,446 shares of the stock traded hands, compared to its average volume of 1,515,677. The firm has a market cap of $214.54 billion, a price-to-earnings ratio of 151.59, a P/E/G ratio of 4.51 and a beta of 0.97. ServiceNow has a 12-month low of $637.99 and a 12-month 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 stock has a fifty day simple moving average of $853.85 and a 200 day simple moving average of $971.90.

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 ANET stock traded down $2.12 on Thursday, hitting $96.10. 4,908,257 shares of the stock traded hands, compared to its average volume of 9,063,632. The company’s fifty day moving average is $79.58 and its 200 day moving average is $97.25. Arista Networks has a 1-year low of $59.43 and a 1-year high of $133.58. The company has a market capitalization of $120.69 billion, a PE ratio of 43.19, a PEG ratio of 3.10 and a beta of 1.38.