The Zacks Analyst Blog Highlights: Dropbox, Zoom Video Communications, DocuSign, Amazon.com And RingCentral
Zacks Investment Research | Mar 16, 2020 09:33PM ET
For Immediate Release
Chicago, IL – March 17, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Dropbox, Inc. (NASDAQ:DBX) , Zoom Video Communications, Inc. (NASDAQ:ZM) , DocuSign, Inc. (NASDAQ:DOCU) , Amazon.com, Inc. (NASDAQ:AMZN) and RingCentral, Inc. (NYSE:RNG) .
Here are highlights from Monday’s Analyst Blog:
Coronavirus Drives Work-from-Home Trend: 5 Stocks to Gain
With coronavirus spreading like a wildfire, an increasing number of technology companies are asking employees to work from home. Alphabet (NASDAQ:GOOGL) has recommended that all employees in North America, Europe, Africa and the Middle East work from home, while Twitter has made remote working mandatory for all employees worldwide.
Meanwhile, Facebook (NASDAQ:FB) and Amazon have recommended employees globally to work from home if their jobs allow them to do so. Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL) have also asked employees to work from home until the end of the month. Nearly a dozen other small companies have also recommended the same for their employees.
While remote working is an effort to contain the COVID-19 pandemic, it also helps the companies to continue business without hindrance and avoid the slump faced by other sectors that demand physical presence at workspace.
A drastic rise in people working from home has been observed in the past few weeks and that particularly boosts companies, which help in working remotely.
Remote Working Put to Test
The work-from-home trend has been there for a long time now. However, with the mass opting to work remotely, technology is being put to test. Companies can now test the ultimate potential of cloud platforms, software and productivity tools.
In fact, companies are making the most of this situation. For example, Alphabet’s Google offers free video-conferencing through its Hangout Meet conferencing platform for larger meetings with up to 250 participants and live streaming for 100,000 viewers within a domain.
Additionally, many new ideas have also started gaining popularity, especially the ones that reduce the gap when employees work from home. Spatial, a software company, enables meetings via holograms (3-dimensional images). The technology helps people teleport into a 3D space so they can feel that they are in the same room as others.
5 Stocks That Bring Your Office to Home
With more cities going under lockdowns and administration asking people to opt for home quarantine, the remote working trend will be in vogue till the pandemic subsides. Hence, we have shortlisted five companies that provide technological help to work from home.
The first one on our list is Dropbox, Inc., a collaboration platform that allows individuals, teams, and organizations to collaborate through its website or application. Hence, allowing team players to work together and collaborate even when they are far away or working from home.
Dropbox’s platform offers a premium feature that helps users work offline when they cannot access Wi-fi or Internet. Users can simply opt for “Available offline” option for individual files and work on them and update and sync files automatically when one is connected to the Internet.
This Zacks Rank #1 (Strong Buy) company’s expected earnings growth rate for the current year is 44% compared with the Zacks Zacks Investment Research
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