Top 5G Stocks To Follow Today – March 10th

Super Micro Computer, Cisco Systems, QUALCOMM, Cadence Design Systems, and Fortinet are the five 5G stocks to watch today, according to MarketBeat’s stock screener tool. 5G stocks are shares of companies that are involved in the development, manufacturing, or deployment of fifth-generation wireless technologies and infrastructure. These companies may include telecom service providers, equipment manufacturers, and technology firms that benefit from the increased data speed and connectivity offered by 5G networks. 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 Super Micro Computer stock traded down $0.75 during midday trading on Monday, hitting $37.50. The company had a trading volume of 38,711,921 shares, compared to its average volume of 77,465,313. Super Micro Computer has a 1-year low of $17.25 and a 1-year high of $119.80. The stock has a market cap of $22.25 billion, a PE ratio of 18.90 and a beta of 1.21. The business’s 50 day simple moving average is $37.08 and its two-hundred day simple moving average is $38.64. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

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.

Shares of Cisco Systems stock traded down $0.81 during trading on Monday, reaching $63.13. The company’s stock had a trading volume of 6,572,699 shares, compared to its average volume of 19,724,934. Cisco Systems has a one year low of $44.50 and a one year high of $66.50. The stock has a 50-day moving average price of $61.63 and a two-hundred day moving average price of $57.44. The stock has a market capitalization of $251.15 billion, a P/E ratio of 27.59, a price-to-earnings-growth ratio of 4.16 and a beta of 0.79. The company has a current ratio of 0.87, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43.

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.

NASDAQ QCOM traded down $4.62 during trading hours on Monday, hitting $156.61. The company’s stock had a trading volume of 2,406,503 shares, compared to its average volume of 8,274,897. The stock has a fifty day moving average of $164.76 and a 200 day moving average of $165.03. The firm has a market capitalization of $173.21 billion, a P/E ratio of 16.76, a PEG ratio of 2.01 and a beta of 1.28. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. QUALCOMM has a twelve month low of $149.43 and a twelve month high of $230.63.

Cadence Design Systems (CDNS)

Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification.

Shares of Cadence Design Systems stock traded down $8.85 on Monday, hitting $234.36. The company had a trading volume of 794,516 shares, compared to its average volume of 1,763,501. The stock has a 50-day moving average of $288.68 and a 200-day moving average of $285.45. Cadence Design Systems has a twelve month low of $233.27 and a twelve month high of $328.99. The firm has a market capitalization of $64.24 billion, a P/E ratio of 60.89, a P/E/G ratio of 3.88 and a beta of 1.05. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.93 and a quick ratio of 2.27.

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.

FTNT traded down $4.26 on Monday, hitting $97.02. 1,674,596 shares of the company were exchanged, compared to its average volume of 4,798,779. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.39 and a current ratio of 1.47. The stock’s fifty day moving average is $102.06 and its 200-day moving average is $91.04. The company has a market cap of $74.60 billion, a PE ratio of 42.92, a PEG ratio of 4.19 and a beta of 0.97. Fortinet has a 12 month low of $54.57 and a 12 month high of $114.82.