iShares U.S. Telecommunications ETF holds a concentrated portfolio in the telecom and tech sectors. It offers a 2.18% dividend yield. Read more on IYZ ETF here.
Cisco is on rise following the robust third-quarter fiscal 2024 results. ETFs with the largest allocation to this networking giant is also on the move.
Turkcell, a leading telecom provider in Turkey, has seen a 25% stock gain since November, and its strategies can support future growth. Read more on TKC here.
Cisco (CSCO) beat estimates on both earnings and revenues but provided a weak outlook and revealed plans to lay off 5% of its global workforce, pushing its share price down.