5G Stocks to Consider - February 16th

As the 5G industry continues to grow, several stocks in this sector are gaining attention from investors. Seven 5G stocks to keep an eye on are Super Micro Computer, Cisco Systems, QUALCOMM, Cadence Design Systems, Fortinet, Monolithic Power Systems, and Onsemi. These companies are involved in the research, development, and production of technologies vital for 5G wireless networks, and they recently demonstrated high trading volumes.

Super Micro Computer (SMCI)

Super Micro Computer, Inc. designs and manufactures high-performance server and storage solutions, offering a range of products globally. Their offerings include complete server systems, modular blade servers, workstations, and security software. Recently, SMCI stock increased by $5.63, closing at $47.91, with an impressive trading volume of over 132 million shares. Super Micro's market capitalization is around $28.05 billion, with a P/E ratio of 24.05.

Cisco Systems (CSCO)

Cisco Systems, Inc. specializes in Internet Protocol networking products and solutions. The company's portfolio includes campus and data center switching, routing solutions, and wireless networking products. CSCO shares rose by $1.03, reaching $64.87. The market cap stands at $258.36 billion, with a P/E ratio of 27.84, reflecting strong investor interest.

QUALCOMM (QCOM)

QUALCOMM Incorporated is deeply involved in the development of essential technologies for the wireless industry, particularly in the fields of integrated circuits and system software. The company’s stock traded up by $0.08, reaching $172.23. With a market cap of $190.49 billion and a P/E ratio of 18.40, QUALCOMM remains a major player in the 5G market.

Cadence Design Systems (CDNS)

Cadence Design Systems, Inc. provides software and services for integrated circuit design and verification. Their cutting-edge offerings include functional verification platforms and emulation systems. CDNS shares experienced a slight drop, down by $0.97 to $295.19. The company boasts a market capitalization of approximately $80.96 billion.

Fortinet (FTNT)

Fortinet, Inc. focuses on cybersecurity solutions that converge networking and security. Their product range includes firewalls, secure connectivity solutions, and wireless LAN solutions. FTNT stock saw an increase of $1.66, reaching $111.64, and the company holds a market cap of $85.57 billion with a P/E ratio of 49.40.

Monolithic Power Systems (MPWR)

Monolithic Power Systems, Inc. designs semiconductor power solutions for various markets, including cloud computing and 5G infrastructure. MPWR shares traded down to $684.93, having fallen by $15.06. The firm has a market capitalization of $33.41 billion and a P/E ratio of 18.63.

Onsemi (ON)

Onsemi is engaged in manufacturing power and analog semiconductors, focusing on automotive and industrial markets. ON stock rose by $0.91 to $51.83, with a market cap of $22.07 billion and a P/E ratio of 12.86. The company seems well-positioned to benefit from the expanding 5G landscape.

In summary, the 5G sector shows promising growth, and these seven stocks represent key players in this evolving market. Investors may want to keep these companies on their radar as advancements in 5G technology continue.

5G, Stocks, Technology