Top Telecom Stocks to Watch – March 23rd

Today, five telecom stocks are on investors' radar: Broadcom, CRH, AT&T, ServiceNow, and Palo Alto Networks. These stocks represent companies that deliver essential telecommunications services like voice, data, and video communications. They usually operate through various network methods, including wireless, cable, and fiber optics. The interest in these stocks is largely because they have shown the highest trading volumes in the last several days.

Broadcom (AVGO)

Broadcom Inc. is a global tech leader that focuses on designing and developing semiconductor devices. It specializes in both digital and mixed-signal products and serves various sectors through its two main segments: Semiconductor Solutions and Infrastructure Software.

On Friday, Broadcom shares gained $1.12, closing at $191.66. The trading volume was significant, with 43,027,271 shares changing hands, well above its average volume of 28,946,893. Currently, Broadcom holds a market capitalization of $901.18 billion with a P/E ratio of 156.33, reflecting investor expectations about future growth. The stock has fluctuated between a low of $119.76 and a high of $251.88 over the past year.

CRH (CRH)

CRH plc is an international supplier of building materials. The company operates through four segments focused on providing solutions for construction and infrastructure. CRH is involved in producing and selling aggregates, cement, ready-mixed concrete, and asphalt.

On Friday, shares of CRH dipped by $2.80 to $94.79, with 37,706,618 shares traded, compared to an average of 5,006,019. CRH has a market cap of $64.16 billion and a P/E ratio of 18.96, indicating solid profitability. The stock has reached a low of $71.18 and a high of $110.97 in the last year.

AT&T (T)

AT&T, Inc. is a holding company that provides telecommunications and technology services primarily in the U.S. Its operations include wireless and wireline telecom services alongside broadband services for consumers and businesses.

On Friday, AT&T's stock increased by $0.25 to $27.04, with 91,265,815 shares exchanged, well above its normal trading volume. The company has a market capitalization of $194.06 billion and a P/E ratio of 18.14. Over the past year, its stock has had a low of $15.94 and a high of $27.97.

ServiceNow (NOW)

ServiceNow, Inc. offers workflow automation solutions for digital businesses, aiming at optimizing business processes globally. The company’s existence is underpinned by its Now platform, which supports digital transformations including AI and machine learning.

On Friday, shares of ServiceNow rose by $3.80, reaching $827.92. Trading activity showed 2,904,241 shares were exchanged, surpassing its average volume. With a market capitalization of $170.55 billion and a P/E ratio of 121.22, the stock has seen a 52-week range between $637.99 and $1,198.09.

Palo Alto Networks (PANW)

Palo Alto Networks, Inc. specializes in cybersecurity solutions around the globe, offering various firewalls and software aimed at making networks safer. They also provide subscription services for threat prevention among other areas.

On Friday, shares of Palo Alto Networks fell by $1.69 to $182.32, with 8,565,415 shares traded, compared to the average volume. The firm currently holds a market cap of $120.71 billion and a P/E ratio of 102.72, reflecting its high investor expectations. Over the past year, its stock price has been as low as $132.50 and as high as $208.39.

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