Top 5G stocks to explore as US rolls out the service

Highlights

• T-Mobile US, Inc. will report its fourth-quarter financial results on February 2.
  
  
• Qualcomm expects Q1 FY22 revenue to be between US$10 billion and US$10.8 billion.
  
  
• SBA Communications stock gained over 17% in the past 12 months,

The 5G stocks are in focus as the US rolls out the high-speed mobile network. Ahead of the launch, companies were ramping up spending on computing infrastructure to capitalize on the demand for cloud services. The 5G services will be a boon for futuristic metaverse projects too.

Here we list the top 5G stocks set to gain from the rollout.

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T-Mobile US, Inc. (NASDAQ:TMUS)

T-Mobile is a telecommunication company based in Washington. It offers postpaid and prepaid wireless communication services. Its shares traded at US$107.00 at am ET on January 20, up 1.54% from their previous close. The stock fell 20.35% over the past 12 months.

It has a market cap of US$131.62 billion, a P/E ratio of 39.47, and a forward one-year P/E ratio of 47.26. Its EPS is US$2.67. The 52-week highest and lowest stock prices were US$150.20 and US$104.10, respectively. Its trading volume was 3,898,346 on January 19.

It will report its fourth-quarter fiscal 2021 results on February 2. The revenue rose by 2% YoY to US$19.62 billion in Q3, FY21. The net income was US$691 million, or US$0.55 per diluted share, against US$1.25 billion, or US$1.00 per diluted share a year ago.

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Verizon Communications Inc. (NYSE:VZ)

Verizon is a communication technology company based in New York. It offers communication and information services to individual clients, businesses, and government organizations.

The stock traded at US$53.59 at 7:20 am ET on January 20, up 0.17% from its previous closing price. The stock fell 6.57% over the past 12 months. Its market cap is US$224.58 billion, the P/E ratio is 10.04, and the forward one-year P/E ratio is 9.93. Its EPS is US$5.33.

The stock saw the highest price of US$59.85 and the lowest price of US$49.69 in the last 52 weeks. Its share volume on January 19 was 18,374,190. It will report its fourth-quarter fiscal 2021 results on January 25.

Its total consolidated operating revenues were US$32.9 billion in Q3, FY21, an increase of 4.3% YoY. Its earnings came in at US$1.55 per share, compared to US$1.05 per share in Q3, FY20.

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AT&T Inc. (NYSE:T)

AT&T is a wireless holding company based in Dallas, Texas. It provides telecommunication, media, and technology services worldwide.

Its shares traded at US$27.25 at 7:27 am ET on January 20, down 0.11% from their previous close. The stock declined 5.8% in the past 12-months. It has a market cap of US$194.80 billion, a P/E ratio of 227.33, and a forward one-year P/E ratio of 7.91. Its EPS is US$0.12.

The 52-week highest and lowest stock prices were US$33.88 and US$22.02, respectively. Its trading volume was 50,938,310 on January 19. It will report its fourth-quarter fiscal 2021 results on January 26.

The company's consolidated revenue was US$39.9 billion in Q3, FY21, compared to US$42.3 billion in the year-ago quarter. Its net income was 5.9 billion, or US$0.82 per diluted share, compared to US$2.8 billion, or US$0.39 per diluted share in Q3, FY20.

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Top 5G stocks to explore as US rolls out the service

Qualcomm Incorporated (NASDAQ:QCOM)

Qualcomm is a San Diego, California-based semiconductor company. It makes software and semiconductors and provides wireless technology services. It owns patents critical to 5G, 4G, and other mobile communication services.

The stock traded at US$173.79 at 7:34 am ET on January 20, up 0.77% from its previous close. The QCOM stock rose 4.78% over the past 12 months. Its market cap is US$193.16 billion, the P/E ratio is 21.91, and the forward one-year P/E ratio is 17.95. Its EPS is US$7.87.

The stock saw the highest price of US$193.58 and the lowest price of US$122.17 in the last 52 weeks. Its share volume on January 19 was 10,082,730.

It will release its Q1 fiscal 2022 results on February 2. The revenue rose by 11% YoY to US$9.33 billion in Q4, FY21. Its net income was US$2.79 billion against US$2.96 billion in Q4, FY21. For Q1 of fiscal 2022, it expects revenue in the range of US$10 billion to US$10.8 billion.

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SBA Communications Corporation (NASDAQ:SBAC)

SBA Communications is a real estate investment trust (REIT) based in Boca Raton, Florida. It acquires and operates wireless infrastructure in the US.

Its shares traded at US$321.23 at 7:41 am ET on January 20, unchanged from their previous close. The stock increased by 17.87% in the past 12 months. It has a market cap of US$34.94 billion, a P/E ratio of 122.14, and a forward one-year P/E ratio of 32.03. Its EPS is US$2.63.

The 52-week highest and lowest stock prices were US$391.15 and US$232.88, respectively. Its trading volume was 786,056 on January 19. Its total revenue rose 12.7% YoY to US$589.3 million in Q3, FY21. Its net income was US$47.8 million, against US$22.6 million in Q3, FY20.

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Bottomline

The communication sector saw steady growth. The S&P 500 Communication Services sector grew 17.71% in the last one year. However, investors should exercise due diligence before investing in the stock market.