Promising 5G Stocks To Follow Now – February 05th

Super Micro Computer, QUALCOMM, Cisco Systems, Monolithic Power Systems, and Fortinet are the five 5G stocks to watch today, according to MarketBeat’s stock screener tool. 5G stocks refer to investments in companies that are involved in the development, deployment, or use of 5G technology. These stocks are related to the next generation of wireless technology that promises faster internet speeds, low latency, and connectivity for various devices. Investors may consider 5G stocks as a way to capitalize on the potential growth and impact of this emerging technology on various industries. These companies had the highest dollar trading volume of any 5G stocks within the last several days.

Super Micro Computer (SMCI)

Super Micro Computer, Inc., together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.

Shares of NASDAQ SMCI traded up $2.56 during mid-day trading on Wednesday, reaching $31.72. 60,129,050 shares of the company’s stock traded hands, compared to its average volume of 34,669,223. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The business has a 50-day simple moving average of $33.57 and a 200 day simple moving average of $41.89. The stock has a market cap of $18.58 billion, a P/E ratio of 15.92 and a beta of 1.30. Super Micro Computer has a 1-year low of $17.25 and a 1-year high of $122.90.

QUALCOMM (QCOM)

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.

QCOM stock traded up $0.49 during mid-day trading on Wednesday, reaching $173.53. 3,263,283 shares of the company traded hands, compared to its average volume of 7,201,195. The stock has a market cap of $192.80 billion, a price-to-earnings ratio of 19.29, a P/E/G ratio of 2.87 and a beta of 1.25. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. QUALCOMM has a fifty-two week low of $142.43 and a fifty-two week high of $230.63. The firm’s 50 day moving average price is $161.31 and its 200 day moving average price is $165.95.

Cisco Systems (CSCO)

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.

CSCO stock traded up $1.13 during trading on Wednesday, reaching $62.47. The stock had a trading volume of 7,000,299 shares, compared to its average volume of 18,222,416. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $248.78 billion, a price-to-earnings ratio of 26.80, a P/E/G ratio of 4.51 and a beta of 0.84. The company’s 50 day moving average is $59.52 and its two-hundred day moving average is $54.77. Cisco Systems has a one year low of $44.50 and a one year high of $62.36.

Monolithic Power Systems (MPWR)

Monolithic Power Systems, Inc. engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.

NASDAQ:MPWR traded up $2.54 during trading on Wednesday, reaching $658.83. The company’s stock had a trading volume of 367,496 shares, compared to its average volume of 830,336. Monolithic Power Systems has a 12 month low of $546.71 and a 12 month high of $959.64. The firm has a market cap of $32.14 billion, a price-to-earnings ratio of 74.14, a price-to-earnings-growth ratio of 2.44 and a beta of 1.03. The firm has a 50 day moving average of $611.67 and a 200-day moving average of $757.24.

Fortinet (FTNT)

Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. It offers secure networking solutions focus on the convergence of networking and security; network firewall solutions that consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless LAN solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless local area network access points, FortiExtender 5G connectivity gateways, and other products.

Shares of NASDAQ:FTNT traded up $0.60 during mid-day trading on Wednesday, reaching $103.38. The company had a trading volume of 1,462,336 shares, compared to its average volume of 3,990,121. The company has a current ratio of 1.34, a quick ratio of 1.25 and a debt-to-equity ratio of 1.09. The company’s 50-day moving average price is $96.70 and its 200-day moving average price is $83.92. Fortinet has a one year low of $54.57 and a one year high of $103.69. The firm has a market cap of $79.23 billion, a price-to-earnings ratio of 52.22, a PEG ratio of 2.65 and a beta of 1.01.