Telecom Stocks to Watch on March 9th

Today, we highlight seven important telecom stocks to keep an eye on: Broadcom, ServiceNow, Arista Networks, CRH, AT&T, Zscaler, and Palo Alto Networks. These companies play crucial roles in providing essential telecommunications services, such as telephone, internet, and data transmission. By investing in these telecom stocks, investors can engage with the growth and challenges within the telecommunications sector, which is greatly affected by technological innovations and regulatory shifts. The stocks mentioned here saw the highest trading volumes recently among telecom stocks.

Broadcom (AVGO)

Broadcom Inc. is known for designing, developing, and supplying a wide range of semiconductor devices. The company focuses particularly on complex digital and mixed-signal devices along with analog products. It operates through two major segments: Semiconductor Solutions and Infrastructure Software.

During mid-day trading on Friday, Broadcom's stock rose by $15.51, bringing its price up to $194.96. A total of 74,457,084 shares were traded, which is significantly higher than its average trading volume of 29,443,255. The stock has seen low and high values of $119.76 and $251.88, respectively, over the past year. Broadcom’s current market capitalization stands at around $913.85 billion, and its price-to-earnings (P/E) ratio is 159.02.

ServiceNow (NOW)

ServiceNow Inc. provides innovative workflow automation platform solutions for businesses across various regions including North America, Europe, and Asia Pacific. The company operates the Now platform designed for digital transformation, incorporating artificial intelligence, machine learning, and analytics.

On Friday, ServiceNow's shares fell by $16.56 to reach $850.54, with a trading volume of 2,527,596 shares compared to its average volume of 1,705,930. The stock recorded a year range with a low of $637.99 and a high of $1,198.09, while its market capitalization is about $175.21 billion.

Arista Networks (ANET)

Arista Networks Inc. focuses on delivering data-driven networking solutions for various environments like data centers and campuses. The company offers the Extensible Operating System (EOS), which supports cloud networking applications.

On Friday, the stock experienced a decrease of $1.03, reaching $83.31. There were 12,889,390 shares traded, surpassing the average volume of 10,987,652. Arista has a market cap of $105.07 billion and its stock traded within a year range of $60.08 to $133.57.

CRH (CRH)

CRH plc is prominent in providing building materials solutions globally. The company operates in various segments, supplying materials essential for public infrastructure and construction projects.

During trading on Friday, CRH's stock declined by $1.45 to $97.34, with a total trading volume of 10,134,933 shares, compared to its average of 4,642,917. It has a market capitalization of $66.11 billion and a 12-month high of $110.97.

AT&T (T)

AT&T Inc. serves as a holding company that provides telecommunication and technology services through its Communications and Latin America segments.

Shares of AT&T were up $0.42 to $27.15 during mid-day trading. The trading volume was 35,337,449 shares, compared to the average of 40,747,570. AT&T's market cap is now $194.85 billion, and shares have fluctuated between $15.94 and $27.97 this past year.

Zscaler (ZS)

Zscaler Inc. operates in the cloud security sector, offering solutions for secure internet access and private access to applications.

During mid-day trading, Zscaler's stock rose by $6.60, reaching $208.76. It experienced a trading volume of 4,342,779 shares against an average of 1,864,148. The market cap is around $32.03 billion.

Palo Alto Networks (PANW)

Palo Alto Networks Inc. provides a comprehensive range of cybersecurity solutions globally, including software and subscription services aimed at threat prevention and management.

On Friday, Palo Alto Networks’ stock went up $1.60 to reach $180.93, with a trading volume of 4,808,087 shares compared to an average of 5,942,114. The company's market capitalization stands at approximately $119.79 billion.

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