Promising 5G Stocks To Follow Today – March 3rd

Super Micro Computer, Cisco Systems, QUALCOMM, Onsemi, Fortinet, Monolithic Power Systems, and Cadence Design Systems are the seven 5G stocks to watch today, according to MarketBeat’s stock screener tool. 5G stocks refer to the shares of companies that are involved in the development, production, or implementation of fifth-generation wireless technology. These companies can range from telecommunications firms to hardware manufacturers, all of whom are positioned to benefit from the enhanced connectivity and technological advancements driven 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.

NASDAQ SMCI traded down $2.66 during trading hours on Monday, reaching $38.80. 44,560,248 shares of the company’s stock were exchanged, compared to its average volume of 76,923,859. The stock has a market cap of $23.03 billion, a PE ratio of 19.53 and a beta of 1.30. Super Micro Computer has a one year low of $17.25 and a one year high of $122.90. The firm has a fifty day moving average of $36.63 and a 200-day moving average of $39.46. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

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.

NASDAQ:CSCO traded up $0.29 during trading hours on Monday, hitting $64.40. 4,724,154 shares of the stock were exchanged, compared to its average volume of 19,517,434. The company’s 50 day moving average is $61.23 and its two-hundred day moving average is $56.95. Cisco Systems has a twelve month low of $44.50 and a twelve month high of $66.50. The company has a quick ratio of 0.79, a current ratio of 0.87 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $256.20 billion, a P/E ratio of 28.13, a price-to-earnings-growth ratio of 4.16 and a beta of 0.84.

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 $1.71 during trading hours on Monday, hitting $158.88. 1,896,698 shares of the stock were exchanged, compared to its average volume of 7,864,163. The company’s 50 day moving average is $164.94 and its two-hundred day moving average is $165.61. QUALCOMM has a twelve month low of $149.43 and a twelve month high of $230.63. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $175.72 billion, a P/E ratio of 16.99, a price-to-earnings-growth ratio of 2.01 and a beta of 1.25.

Onsemi (ON)

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.

NASDAQ:ON traded up $0.23 during trading hours on Monday, hitting $47.28. 3,947,557 shares of the stock were exchanged, compared to its average volume of 6,706,012. The company’s 50 day moving average is $55.80 and its two-hundred day moving average is $65.35. Onsemi has a twelve month low of $46.04 and a twelve month high of $85.16. The company has a quick ratio of 3.38, a current ratio of 5.06 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $19.92 billion, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 16.74 and a beta of 1.61.

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.

NASDAQ:FTNT traded up $1.55 during trading hours on Monday, hitting $109.56. 1,506,469 shares of the stock were exchanged, compared to its average volume of 4,818,524. The company’s 50 day moving average is $101.31 and its two-hundred day moving average is $89.99. Fortinet has a twelve month low of $54.57 and a twelve month high of $114.82. The company has a quick ratio of 1.39, a current ratio of 1.47 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $84.25 billion, a P/E ratio of 48.46, a price-to-earnings-growth ratio of 4.19 and a beta of 1.01.

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.

Shares of MPWR stock traded down $5.89 during trading hours on Monday, reaching $605.12. The company had a trading volume of 245,125 shares, compared to its average volume of 881,876. The company has a 50 day moving average of $640.95 and a 200 day moving average of $739.24. The firm has a market cap of $29.52 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 2.60 and a beta of 1.03. Monolithic Power Systems has a 1-year low of $546.71 and a 1-year high of $959.64.

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 CDNS stock traded down $0.99 during trading hours on Monday, reaching $249.51. The company had a trading volume of 494,916 shares, compared to its average volume of 1,745,135. The company has a 50 day moving average of $295.10 and a 200 day moving average of $286.82. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.93 and a quick ratio of 2.27. The firm has a market cap of $68.39 billion, a price-to-earnings ratio of 64.57, a P/E/G ratio of 3.88 and a beta of 1.03. Cadence Design Systems has a 1-year low of $241.29 and a 1-year high of $328.99.