Telecom Stocks To Follow Now – February 03rd

Broadcom, ServiceNow, and Arista Networks are the three Telecom stocks to watch today, according to MarketBeat’s stock screener tool. Telecom stocks refer to publicly traded companies that operate in the telecommunications industry. These companies provide services related to phone, internet, and data communication, and their stocks represent ownership in these businesses. Investors may buy and sell telecom stocks on the stock market to potentially profit from the financial performance of these companies. 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 $2.86 during midday trading on Monday, hitting $218.41. 15,111,782 shares of the company were exchanged, compared to its average volume of 31,068,465. The company’s 50 day simple moving average is $213.41 and its 200 day simple moving average is $182.20. The firm has a market capitalization of $1.02 trillion, a price-to-earnings ratio of 178.50, a price-to-earnings-growth ratio of 2.31 and a beta of 1.02. Broadcom has a 1-year low of $119.76 and a 1-year high of $251.88. The company has a current ratio of 1.17, a quick ratio of 1.07 and a debt-to-equity ratio of 0.98.

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.

ServiceNow stock traded up $6.68 during midday trading on Monday, hitting $1,025.06. 1,079,957 shares of the company were exchanged, compared to its average volume of 1,684,486. ServiceNow has a fifty-two week low of $637.99 and a fifty-two week high of $1,198.09. The firm has a market capitalization of $211.16 billion, a PE ratio of 150.12, a price-to-earnings-growth ratio of 4.74 and a beta of 0.99. The business has a fifty day simple moving average of $1,083.66 and a two-hundred day simple moving average of $957.36. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.10 and a current ratio of 1.10.

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 NYSE:ANET traded down $2.86 during trading on Monday, hitting $112.37. 6,477,132 shares of the stock traded hands, compared to its average volume of 9,262,764. The company has a fifty day moving average price of $111.84 and a two-hundred day moving average price of $98.95. Arista Networks has a 52-week low of $60.08 and a 52-week high of $133.57. The company has a market cap of $141.56 billion, a price-to-earnings ratio of 53.96, a P/E/G ratio of 3.10 and a beta of 1.09.