5G Stocks To Add to Your Watchlist – May 8th

Fortinet, Super Micro Computer, QUALCOMM, Cisco Systems, Cadence Design Systems, Onsemi, and Monolithic Power Systems are the seven 5G stocks to watch today, according to MarketBeat’s stock screener tool. 5G stocks are shares of publicly traded companies that develop, manufacture or deploy fifth-generation wireless technology. They include network equipment suppliers, semiconductor makers, telecom operators, tower infrastructure firms and device manufacturers that support 5G networks. Investors target these stocks for growth potential as 5G rollout drives faster data speeds, lower latency and new applications in IoT, autonomous vehicles and smart cities. These companies had the highest dollar trading volume of any 5G stocks within the last several days.

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 $8.02 during midday trading on Thursday, hitting $98.71. 8,810,439 shares of the company were exchanged, compared to its average volume of 4,949,271. The firm has a market capitalization of $75.48 billion, a price-to-earnings ratio of 43.63, a price-to-earnings-growth ratio of 4.19 and a beta of 1.16. Fortinet has a 1-year low of $54.57 and a 1-year high of $114.82. The company’s 50 day simple moving average is $98.62 and its 200 day simple moving average is $97.15. The company has a current ratio of 1.47, a quick ratio of 1.39 and a debt-to-equity ratio of 0.67.

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.

SMCI stock traded up $0.60 during midday trading on Thursday, hitting $33.08. 20,828,581 shares of the stock traded hands, compared to its average volume of 71,553,647. The stock’s fifty day simple moving average is $35.59 and its 200-day simple moving average is $35.44. The firm has a market cap of $19.74 billion, a P/E ratio of 16.61 and a beta of 1.36. Super Micro Computer has a 1-year low of $17.25 and a 1-year high of $101.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

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.

Shares of QCOM stock traded up $2.34 during trading hours on Thursday, hitting $146.64. 3,033,347 shares of the company’s stock were exchanged, compared to its average volume of 8,863,323. 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 firm has a market cap of $161.01 billion, a P/E ratio of 15.64, a P/E/G ratio of 2.01 and a beta of 1.29. QUALCOMM has a fifty-two week low of $120.80 and a fifty-two week high of $230.63. The firm has a 50 day moving average of $146.74 and a two-hundred day moving average of $157.91.

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 $0.60 during midday trading on Thursday, reaching $60.17. The stock had a trading volume of 5,822,639 shares, compared to its average volume of 20,187,227. The company has a market cap of $239.39 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 4.16 and a beta of 0.89. The company has a current ratio of 0.87, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. Cisco Systems has a 52-week low of $44.50 and a 52-week high of $66.50. The company’s fifty day simple moving average is $58.92 and its 200 day simple moving average is $59.38.

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 up $3.73 during mid-day trading on Thursday, hitting $312.07. The company had a trading volume of 400,432 shares, compared to its average volume of 1,954,686. The business’s 50-day simple moving average is $261.72 and its 200 day simple moving average is $283.76. 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 company has a market capitalization of $85.21 billion, a PE ratio of 80.85, a price-to-earnings-growth ratio of 3.88 and a beta of 1.04. Cadence Design Systems has a 1-year low of $221.56 and a 1-year high of $328.99.

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 $1.43 during trading hours on Thursday, hitting $40.23. The company’s stock had a trading volume of 2,907,267 shares, compared to its average volume of 7,578,181. The stock has a fifty day moving average of $39.89 and a 200-day moving average of $54.37. The stock has a market capitalization of $16.98 billion, a P/E ratio of 11.08, a price-to-earnings-growth ratio of 16.74 and a beta of 1.39. Onsemi has a 52-week low of $31.04 and a 52-week high of $80.08. The company has a current ratio of 5.06, a quick ratio of 3.38 and a debt-to-equity ratio of 0.38.

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 $15.61 during trading hours on Thursday, reaching $652.32. The company’s stock had a trading volume of 142,228 shares, compared to its average volume of 777,684. The company’s 50-day moving average is $570.55 and its two-hundred day moving average is $626.93. Monolithic Power Systems has a fifty-two week low of $438.86 and a fifty-two week high of $959.64. The stock has a market cap of $31.23 billion, a PE ratio of 17.70, a PEG ratio of 2.60 and a beta of 1.18.