Promising 5G Stocks To Follow Now – February 17th

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 refer to publicly traded companies that are involved in the development, implementation, and expansion of 5G technology and infrastructure. Investing in 5G stocks typically involves companies that are manufacturers of 5G equipment, providers of 5G services, or companies that stand to benefit from the widespread adoption of 5G technology. 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.

NASDAQ:SMCI traded up $5.63 during mid-day trading on Monday, reaching $47.91. 132,026,965 shares of the company’s stock traded hands, compared to its average volume of 35,788,788. The company has a 50 day moving average price of $33.59 and a 200-day moving average price of $39.97. The firm has a market capitalization of $28.05 billion, a price-to-earnings ratio of 24.05 and a beta of 1.30. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer has a 12-month low of $17.25 and a 12-month high of $122.90.

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 CSCO traded up $1.03 during mid-day trading on Monday, hitting $64.87. 23,689,653 shares of the company’s stock traded hands, compared to its average volume of 18,137,774. 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 firm has a market capitalization of $258.36 billion, a P/E ratio of 27.84, a PEG ratio of 4.63 and a beta of 0.84. The business’s 50-day moving average price is $60.07 and its 200-day moving average price is $55.64. Cisco Systems has a 1 year low of $44.50 and a 1 year high of $66.50.

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 up $0.08 during trading hours on Monday, hitting $172.23. The company had a trading volume of 4,685,871 shares, compared to its average volume of 7,928,451. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.79. The stock has a 50-day moving average price of $163.13 and a 200 day moving average price of $165.39. The company has a market capitalization of $190.49 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 2.80 and a beta of 1.25. QUALCOMM has a 52 week low of $148.90 and a 52 week 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 NASDAQ:CDNS traded down $0.97 on Monday, hitting $295.19. The company had a trading volume of 2,104,825 shares, compared to its average volume of 1,503,015. The firm’s 50-day simple moving average is $303.30 and its two-hundred day simple moving average is $286.56. The firm has a market capitalization of $80.96 billion, a price-to-earnings ratio of 77.48, a P/E/G ratio of 3.50 and a beta of 1.03. The company has a quick ratio of 2.27, a current ratio of 2.45 and a debt-to-equity ratio of 0.54. Cadence Design Systems has a 1 year low of $241.29 and a 1 year high of $328.99.

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 stock traded up $1.66 during trading on Monday, reaching $111.64. The company had a trading volume of 4,974,960 shares, compared to its average volume of 4,073,400. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.34 and a quick ratio of 1.25. Fortinet has a 52 week low of $54.57 and a 52 week high of $112.37. The business has a 50 day moving average of $98.60 and a 200 day moving average of $86.77. The company has a market cap of $85.57 billion, a P/E ratio of 49.40, a PEG ratio of 2.75 and a beta of 1.01.