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The Zacks Analyst Blog Highlights: Apple, Logitech, Lenovo. Zoom Video and Systemax
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For Immediate Release
Chicago, IL – September 2, 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: Apple Inc. (AAPL - Free Report) , Logitech International S.A. (LOGI - Free Report) , Lenovo Group Limited (LNVGY - Free Report) , Zoom Video Communications, Inc. (ZM - Free Report) and Systemax Inc. .
Here are highlights from Tuesday’s Analyst Blog:
5 Must-Buy Work-from-Home Stocks as Coronavirus Fears Persist
The coronavirus pandemic has changed the employment landscape. Although working from home isn’t a new phenomenon, the concept gained popularity more out of necessity amid the virus outbreak. And given that a vaccine to treat the virus is still far from reality, several companies are extending work from home until mid-2021.
Employees are now comfortable working remotely and according to a new survey by PwC, more than a third polled would like to work their entire schedules from home even after the pandemic passes. Needless to say, this new normal is spurring demand for computer hardware, peripherals, network software and cloud business.
Employees Prefer Working From Home
The United States has witnessed a 12,000% jump in work from home since Jan 1. According to the PwC survey, around 83% of respondents in the worker group sample of 1,200 would like to work remotely at least one day a week and almost 32% would like to work their entire schedules from home once the pandemic passes.
Among the bosses, 73% said shifting their respective workforces to remote working situations has been a success. Moreover, 44% of the group, comprising 120 U.S. company executives, feels their employees were more productive in remote working situations and 55% believe that most of their employees will have opportunities to work remotely at least one day a week after the COVID-19 pandemic eases.
Moreover, companies too aren’t taking any risk and are allowing employees to work remotely for extended periods. Twitter got the ball rolling in mid-May when it announced that some of its employees could permanently work from home. Others followed suit.
Hardware, Network & Software Demand on the Rise
The decision to allow employees to work from home is coming at a time when childcare, education and safety concerns continue to grow. However, working from home is a different ballgame, which requires much of a set-up like office. This has seen demand for video collaboration products skyrocket over the past few months. An increasing number of locked-down staff is relying on video conferencing equipment, software and webcams.
Storage and data protection software sales grew 12.5%, while security software sales grew 5.3%, representing nearly a quarter of the sales in the software market during this time. According to International Data Corporation (IDC), PC shipments grew in the second quarter despite an economic slowdown. A new report from the research firm says global shipments grew 11.2% year over year to 72.3 million units.
Traditional PC shipments posted double-digit year-over-year growth in the second quarter of 2020. While the first quarter saw the lowest PC shipments in over a decade, the second quarter was record-breaking for the opposite reason.
IDC also predicts that volumes are expected to surpass 21 million units this year, the highest since the end of 2009. According to a report by Trends Market Research, the global computer peripherals market, which was valued at $4 billion in 2017, is expected to reach $289.3 billion by 2026, at a CAGR of 70.8%.
Our Choices
The at-home culture is here to stay for a longer time than expected with no signs of the pandemic easing. Demand for PCs, Internet with strong connectivity, video conferring apps, laptops, tablets and other peripherals will only grow in such a situation, helping these four stocks to gain.
Apple designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories worldwide. Its signature products include iPhone, Mac and iPad.
The company’s expected earnings growth rate for the current year is 8.7%. The Zacks Consensus Estimate for current-year earnings has improved 4.8% over the past 30 days. Apple has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Logitech International is a global leader in peripherals for personal computers and other digital platforms, which develops and markets innovative products in PC navigation, Internet communications, digital music, home-entertainment control, video security, interactive gaming and wireless devices.
The company’s expected earnings growth rate for the current year is 16.3%. The Zacks Consensus Estimate for current-year earnings has improved 10.6% over the past 60 days. Logitech sports a Zacks Rank #1.
Lenovo Groupis dedicated to building PCs and mobile Internet devices. Lenovo's business is built on product innovation, a highly-efficient global supply chain and strong strategic execution.
The company’s expected earnings growth rate for the current year is 37.6%. The Zacks Consensus Estimate for current-year earnings has improved 4.2% over the past 60 days. Lenovo has a Zacks Rank #2 (Buy).
Zoom Video has been benefiting from the work-from-home and online learning wave. Zoom uses AI to schedule video meetings and for a host of other things such as organizing attendee details and transcripting details.
The company’s expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 13.4% over the past 60 days. The company carries a Zacks Rank #2.
Systemax is a direct marketer of brand name and private label products, including personal desktop computers, notebook computers, computer-related products, and industrial products, in North America and Europe. The company assembles its own PCs and sells them under the trademarks Systemax, Tiger and Ultra.
The company’s expected earnings growth rate for next year is 11.9%. The Zacks Consensus Estimate for current-year earnings has improved 21.8% over the past 60 days. Systemax carries a Zacks Rank #2.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Apple, Logitech, Lenovo. Zoom Video and Systemax
For Immediate Release
Chicago, IL – September 2, 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: Apple Inc. (AAPL - Free Report) , Logitech International S.A. (LOGI - Free Report) , Lenovo Group Limited (LNVGY - Free Report) , Zoom Video Communications, Inc. (ZM - Free Report) and Systemax Inc. .
Here are highlights from Tuesday’s Analyst Blog:
5 Must-Buy Work-from-Home Stocks as Coronavirus Fears Persist
The coronavirus pandemic has changed the employment landscape. Although working from home isn’t a new phenomenon, the concept gained popularity more out of necessity amid the virus outbreak. And given that a vaccine to treat the virus is still far from reality, several companies are extending work from home until mid-2021.
Employees are now comfortable working remotely and according to a new survey by PwC, more than a third polled would like to work their entire schedules from home even after the pandemic passes. Needless to say, this new normal is spurring demand for computer hardware, peripherals, network software and cloud business.
Employees Prefer Working From Home
The United States has witnessed a 12,000% jump in work from home since Jan 1. According to the PwC survey, around 83% of respondents in the worker group sample of 1,200 would like to work remotely at least one day a week and almost 32% would like to work their entire schedules from home once the pandemic passes.
Among the bosses, 73% said shifting their respective workforces to remote working situations has been a success. Moreover, 44% of the group, comprising 120 U.S. company executives, feels their employees were more productive in remote working situations and 55% believe that most of their employees will have opportunities to work remotely at least one day a week after the COVID-19 pandemic eases.
Moreover, companies too aren’t taking any risk and are allowing employees to work remotely for extended periods. Twitter got the ball rolling in mid-May when it announced that some of its employees could permanently work from home. Others followed suit.
Hardware, Network & Software Demand on the Rise
The decision to allow employees to work from home is coming at a time when childcare, education and safety concerns continue to grow. However, working from home is a different ballgame, which requires much of a set-up like office. This has seen demand for video collaboration products skyrocket over the past few months. An increasing number of locked-down staff is relying on video conferencing equipment, software and webcams.
Storage and data protection software sales grew 12.5%, while security software sales grew 5.3%, representing nearly a quarter of the sales in the software market during this time. According to International Data Corporation (IDC), PC shipments grew in the second quarter despite an economic slowdown. A new report from the research firm says global shipments grew 11.2% year over year to 72.3 million units.
Traditional PC shipments posted double-digit year-over-year growth in the second quarter of 2020. While the first quarter saw the lowest PC shipments in over a decade, the second quarter was record-breaking for the opposite reason.
IDC also predicts that volumes are expected to surpass 21 million units this year, the highest since the end of 2009. According to a report by Trends Market Research, the global computer peripherals market, which was valued at $4 billion in 2017, is expected to reach $289.3 billion by 2026, at a CAGR of 70.8%.
Our Choices
The at-home culture is here to stay for a longer time than expected with no signs of the pandemic easing. Demand for PCs, Internet with strong connectivity, video conferring apps, laptops, tablets and other peripherals will only grow in such a situation, helping these four stocks to gain.
Apple designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories worldwide. Its signature products include iPhone, Mac and iPad.
The company’s expected earnings growth rate for the current year is 8.7%. The Zacks Consensus Estimate for current-year earnings has improved 4.8% over the past 30 days. Apple has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Logitech International is a global leader in peripherals for personal computers and other digital platforms, which develops and markets innovative products in PC navigation, Internet communications, digital music, home-entertainment control, video security, interactive gaming and wireless devices.
The company’s expected earnings growth rate for the current year is 16.3%. The Zacks Consensus Estimate for current-year earnings has improved 10.6% over the past 60 days. Logitech sports a Zacks Rank #1.
Lenovo Groupis dedicated to building PCs and mobile Internet devices. Lenovo's business is built on product innovation, a highly-efficient global supply chain and strong strategic execution.
The company’s expected earnings growth rate for the current year is 37.6%. The Zacks Consensus Estimate for current-year earnings has improved 4.2% over the past 60 days. Lenovo has a Zacks Rank #2 (Buy).
Zoom Video has been benefiting from the work-from-home and online learning wave. Zoom uses AI to schedule video meetings and for a host of other things such as organizing attendee details and transcripting details.
The company’s expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 13.4% over the past 60 days. The company carries a Zacks Rank #2.
Systemax is a direct marketer of brand name and private label products, including personal desktop computers, notebook computers, computer-related products, and industrial products, in North America and Europe. The company assembles its own PCs and sells them under the trademarks Systemax, Tiger and Ultra.
The company’s expected earnings growth rate for next year is 11.9%. The Zacks Consensus Estimate for current-year earnings has improved 21.8% over the past 60 days. Systemax carries a Zacks Rank #2.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.