Video communication has been around ever since the first introduction of the internet on the global scene. Nowadays, video conferences are standard practice for companies that run their businesses from multiple locations. What’s more, even social networks have incorporated all sorts of video communication features. This article will outline notable video conferencing stocks on the market.
The global pandemic created an incredible surge in demand for even more advanced and user-friendly video conferencing tools. Therefore, video communication tools have become a pivotal part of long-distance businesses.
Even after the global pandemic, communication software is looking to become an integral part of all business models. On that account, it will be interesting to see how this change impacts the top video conferencing stocks on the market.
In terms of variety, the presence of video conferencing stocks to look at is vast.
Communication and Video Technology – A Sudden Change
Video conferencing is an excellent way of building relationships between co-workers that work remotely from each other. Looking at someone you’re talking to changes how you perceive them. It increases empathy, willingness to share, listen, and understand your co-workers or clients. That is what makes video conferences far superior compared to mail exchanges and audio-only conversations.
Research shows that audio-only distance conferences lower the participation level of members because it doesn’t involve body language and visual cues. In addition, members cannot determine who is speaking at a given moment. Therefore, audio-only meetings are not only a less pleasant and less natural way of communication, but they’re also less effective.
Long-distance video conferences are a part of standard practice with global companies that own diverse stations of business all around the globe. Hence, different video communication tools such as Skype have been around for long.
Video communication technology in the last decade
According to research, there wasn’t a Fortune 500 company that wasn’t using some tool for online conferencing before 2019. However, this was not the case for companies with lower incomes. Implementing conferencing software was too expensive for them.
Furthermore, less than half of small-to-medium-sized enterprises in the United States were using video communication software in 2020.
In addition, until 2019, companies that involved working from home business models were scarce. Such a business model was a commodity reserved for IT workers, freelancers, and a few other lucky participants on the work market.
However, the global pandemic changed everything. Working from home became necessary and resulted in a surge in demand for video conferencing tools. Apart from work, other life events went online, including shopping, education, personal contact, entertainment, etc. For example, streaming services and online shows or venues replaced going to the movies or concerts in person. The global pandemic forced the modern world to switch to technology-mediated co-existence far sooner than it would have otherwise.
We’ve all felt the downsides of this transformation that kept people apart and isolated. Covid took many traditions we hold dear and enjoy sharing (like a simple meal, for example).
Positive aspects of the switch
Nonetheless, there are also positive aspects of this change.
Working from home means not giving up money, time, and personal comfort on a daily office commute. Furthermore, many did not feel the discomfort of staying home as we can buy most goods online with speed and cost-effectiveness. In addition, companies strived to improve their customer support, which created a seamless buying experience.
Apart from the workforce, others were experiencing the benefits of living online. For example, students could attend lectures online and pass exams without having to suffer traffic or even change cities and countries. Moreover, entire professional teams and projects for various endeavors were able to assemble without looking at the geographical position of their members. All that was important was a stable internet connection.
The question is – why didn’t we switch before?
Concerns were surrounding the effectiveness of removing live contact from the equation. Employers, business owners, CEOs, university deans, and sales experts had their doubts:
- If they let people work from home, would they be less effective and lazier? Would the quality of education drop if university students studied from home? What if all staff members involved in a project communicated only via a screen? Would they get to know each other, trust each other, work for each other?
Covid changed the work environment
COVID-19 answered those questions. It forced our society to work and learn from home.
Businesses moved from offices to homes. Communication went online. Meetings converted to technology-mediated ones.
The results? Astonishing.
Research proved that doing work from home relieves stress and removes unnecessary steps in communication and other procedures, thus increasing the efficiency of the employees.
Impact of Covid on productivity
For example, a study conducted at Stanford in 2021 addressed the impact of Covid on productivity. The study involved 16 thousand workers and lasted for nine months. Ultimately, it proved that workers stationed at home were more productive—namely, their productivity raised by an astonishing 13%. This increase is because the workers could conduct more calls in one minute. After all, their environment was more quiet and calm. As a result, it made it more convenient for their everyday assignments. Also, employees were making fewer breaks and, at times, they could work even though feeling under the weather.
The COVID-19 pandemic proved doubters wrong. The efficiency of people involved in any joint endeavor increased when they worked in a more pleasant, relaxed, and familiar environment – feet away from their bed and breakfast table.
Furthermore, owners and company managers now have to pay significantly less for rent, bills, and management of offices. Ultimately, it could grab their attention long-term, making video communication tools more than a pandemic only “one-hit-wonder”. It would seem that working from home or some form of a balanced model (partially home and partially office-based) will become a staple model even after the pandemic ends. After all, work effectiveness proved to be of no concern, while cost-effectiveness is only rising.
Such a model is unimaginable without stable, well-developed communication software. As a result, video conferencing stocks are gaining interest.
What is Communication and Video Technology? What is it Used For?
When it comes to communication technology, it doesn’t take much explanation, as it has become an integral part of our everyday life. Even our grandparents’ generation uses audio, and video call features integrated into social media networks like Facebook. Other popular communication apps are Viber and WhatsApp.
Communication technology has come a long way and is now as common as having shoes, with smart devices becoming an all-present aspect of our life.
There is communication software like Zoom that specializes in video communication. Communication technology is developed for the sole purpose of making calls and conferences more smoothly and efficiently.
Companies such as Logitech invest vast amounts of money to create a stable and pleasant working environment. They are using new cameras, modern multimedia tools, and user-friendly features—all with good reason.
Multinational companies are not the only ones using this technology for easier communication and conducting business. Universities, providers of training courses for different activities, schools, and services of all kinds (medical and psychological counseling, legal services, etc.) provide their ministration through communication technology.
Video communication tools are easy to use
The video conferencing market has been broadened for almost every conceivable form of business.
The reason for this is that video communication tools are easy to use.
Even the biggest tech laity can use most communication software. All it takes is creating a simple account. Furthermore, most of this software doesn’t require any installing. Everything is available online if you’re using a PC. Also, getting an app on your smart device is a piece of cake.
Entering or creating a conference call is also relatively easy. Members can mute themselves, turn their camera on and off, use chat rooms, split groups into subgroups, and everything is neatly illustrated within the software.
It is also effortless to obtain and connect hardware like web cameras. Users can instantly download and install most drivers on their computers. Connecting their devices came down to plugging in a USB drive.
Specialized headphones with microphones that isolate outside noise provide excellent sound quality while feeling light and cozy are also being developed and perfected for mass use in workplaces.
Communication technology development and production seems to be going in the direction of following the current tendencies for a modern workplace, which is, without a doubt, going to look quite different once this pandemic is over.
Prominent Video Conferencing Stocks
The pandemic has created a surge in demand for conferencing software for various purposes. These tools have quickly become the stars of modern business, education, sales, and services. Additionally, it seems that they are far from being “one-hit wonders”. On the contrary, it appears that the demand will keep outgrowing the supply even after we overcome the global crisis.
The most noticeable conferencing client is the star of the COVID-19 era – Zoom!
Zoom imposed itself as a prominent factor when the pandemic started for its ease of use, simplicity of the interface, and of course, for the fact that it is free.
Even though Zoom offers the same features as some other conferencing tools (or even fewer of them), it would seem that the customers were “hooked” on its simplicity and dependability.
The free version of this software can hold up to 100 people in a single meeting. While as many as 49 can record themselves with the web camera. The meeting host can keep unlimited conferences. In addition, users can record the meetings and access non-stop customer support.
The downsides to Zoom are the free version’s time limitation which restricts the users to 40-min conferences only. Also, its security measures are heavily criticized. Zoom meetings are susceptible to a plethora of trolls that can hijack conference calls and interrupt its participants with foul language and inappropriate images. It has happened many times since Zoom became viral.
While Zoom developers are working on establishing better security for their meetings via password-protect entry, there are some alternatives on the video conferencing market.
- Cisco Webex Meetings is a less-known video conferencing company that offers impressive features. The free user can create conferences for up to 100 clients. The interface is smooth and professional, and the meetings are in HD. Free users can even record in MP4 and get 1GB of cloud storage. They can download this software for PC or as an app for iOS or Android platforms.
- Google created its conferencing tools. The first is Google Hangouts, a free, user-friendly app integrated into all other Google apps and services. As a result, it is a great little addition for users who want quick and easy access to communicating with ten or fewer people.
- There’s also Google Meet. It is a paid extension to hangouts for professionals who want a whole Google conference experience. It offers a 14-day trial period should you wish to test it a little before giving it a go. The app provides a complete package of conference features. However, it requires payment.
- Skype Meet Now is one of the conference app pioneers. Microsoft’s Skype is still pretty active, and the new and improved Meet Now offers the user a great online communication experience. It involves unlimited meeting time, blurred backgrounds for better quality, live subtitles added into conversations, and meeting recordings. The downside of this tool is that the free plan includes only 50 people per meeting.
Communication and Video Technology – COVID-19 Impact
The shift towards a home-based lifestyle due to the COVID-19 pandemic happened just as fast as the pandemic measures took place. It was sudden, and many enterprises had to adjust quickly.
The impact of introducing communication and video technology on such a broad and deep level of human functioning left a deep trace that is unlikely to fade after the pandemic is an unpleasant memory.
Psychologists, sociologists, and other experts of every category are working as we speak to describe and measure this impact. So that we can adjust even better to the future that will undoubtedly look nothing like we imagined before.
The data that these researchers collected from employees concerning communication technology speaks volumes when it comes to the success of its integration into their lives.
Not only was the implementation of communication technology successful, but it also had a positive impact on the quality of work and the way employees are handling their everyday tasks.
Some of the following numbers present a clear message to managers and coordinators of businesses all across the globe. Switching to a partially (at least) home-based business model is effective, lucrative, and one step closer to a better business environment.
Growth in demand for video communication technology
In the first four months of the COVID-19 pandemic, the searches for software specialized in video conferencing increased by 500%.
Furthermore, a survey showed that 60% of its participants reported engaging in meetings via a video call more frequently in 2020 compared to 2019. The increase in video calls was more significant than e-mail even though e-mail was, until recently, the primary means of communication in the workplace.
That implies that the demand for video communication software has increased immensely due to the COVID-19.
However, will this demand continue to exist after everything returns to normal?
According to a recent survey, 75% of participants reported either keeping or enhancing productivity and effectiveness levels of their tasks, after switching to the remote home-based model. In addition, it seems that video conferences and calls are helpful and accessible more than anticipated. This survey supports the idea that going remote even after the pandemic is not reaching too far.
Furthermore, 44% of employees questioned in one of the studies stated that some members of their teams now contribute to their projects by working from a remote location full time. Therefore, it would seem that such a model doesn’t damage a project’s prospects. On the contrary, we could implement such a model successfully into various projects and businesses with careful planning.
A change of attitude towards remote work
The attitude towards future business models of employees themselves changed drastically under the influence of this transformation. For example, half of the questioned participants of one of the studies stated that they would not return to jobs that don’t offer remote work options after the pandemic. Not only have the researchers, managers, and many business owners realized that the remote model works, but so have the employees. And they are not eager to return to the previous format now that it is clear that neither productivity nor profit would suffer if the model remained as it is now, in the time of global crisis.
Such a change of attitude could stabilize the position of video conferencing stocks on the market long-term.
Also, workers themselves have openly expressed their position when it comes to self-evaluation of productivity from home, compared to the standard workplace.
Employees embraced remote work
77% of employees working remotely stated that they are more effective when working from home. Less distraction through the interaction with co-workers and customers by video communication software is the main reason for such an evaluation. A home environment is fruitful and calming for the employees. A staggering 76% of survey respondents state that they tend not to go to the office if possible. This trend is even higher when employees have an essential task to finish.
Furthermore, almost 9 out of 10 workers declare that video interchanges decrease their time to finish their plans. But, on the other hand, it results in more productive teamwork.
The new business model, involving web communication software, co-workers’ meetings, and employee-client communication via online tools has significantly increased the satisfaction of employees with their job. 80% of questioned employees stated that. It means that in the coming future, the job applicants will consider the employer’s willingness to adapt and commit to this growing trend.
The researchers were also committed to explaining the general opinion about the remote business model and the specific benefits that the employees feel it brings.
The most often stated benefit was getting a more flexible working schedule (36% of respondents). At the same time, the second place was the ability to work from any location (26%). That is why employees have a dominantly positive attitude towards remote-based business models and the communication technology that enables them.
Changes to the work environment
It quickly became clear that the employers will benefit from home-stationed work forced by COVID-19 measures. Research shows that companies preserve $11,000 per half-time telecommuter in one year, on average. For big companies that rent big spaces and cover large working bodies’ transport expenses, this number annually becomes a significant source of resources.
The business traveling practice will drop even after the pandemic is over. Nearly half of regular business travelers stated that they expect to travel even more rarely as time goes on. Video calls and online communication software have proved traveling long distances needless.
The statistics don’t lie in the profitability of investing in remote work and communication technologies. Employers that cultivate home and remote-based models invest large amounts in web communication and video conferencing technology and software. Reportedly, such companies have 25% fewer employee departures. Consequently, they suffer fewer replacement costs. Keeping in mind that it takes about 15 thousand dollars to replace a single working employee that’s fully trained, simply investing in the remote working models and the accompanying tech seems like the best reduction strategy.
The future of video conferencing stocks
When it comes to projections for the future of video conferencing stocks, it is crucial to consider the potential remote communication technologies hold.
The online video conferencing market was already on a rising trajectory even before the pandemic. But now, it’s showing a capacity to grow at a composite yearly growth rate of 12.1% from 2018 to 2023.
UpWork stated that nearly a quarter of the American workforce, which amounts to about 36 million souls, will work in a remote model in only 4 to 5 years.
After the pandemic finishes, the work environment is inevitably going to change. Consequently, communication and video technology will become a pivotal part of that change.
Even so, there are certain downsides to working remotely. For example, workers may feel isolated and start yearning for face-to-face interaction. Therefore, investors should be wise about the promising rising trends.
Nevertheless, investing in video conferencing stocks is a strategy to consider for making one’s portfolio richer.
How to invest in video conferencing stocks?
Investing in video conferencing stocks can be achieved through various strategies.
An investor can purchase specific shares of video conferencing companies on the stock market by conventional brokering methods.
Smart device apps like E-TRADE, SoFi Invest, or Robinhood execute brokering services on the internet. Also, through the old-fashioned full-service stockbroker firms, like Charles Schwab, Vanguard, TD Ameritrade, and Fidelity.
On the other hand, one can invest in communication stocks by investing in communications branch ETFs.
Apart from these two well-known methods, an alternative to investing in video conferencing stocks has emerged in the midst of the pandemic-induced economic transformations. That alternative is hedge funds.
Investing in video conferencing stocks – best practices
Of course, investing in any stock requires serious consideration, research, and calculation.
Professional counseling is always a good option for investors. Especially for the newcomers, there is an abundance of factors to keep track of, which requires quite a bit of time, patience, experience, and dedication.
However, keeping aware of some of the fundamental indicators of a company’s performance can only improve a potential investor’s chances for good stock acquisition.
When deciding which video conferencing stocks to buy, the investor should examine the company, with its significant features showing how much risk an investment is.
For example, investors should look for the increase in the price of bonds over the last year. That shows a trend of bond price movement that the investor should expect from the stock—enabling a logical conclusion about the riskiness of the investment.
The company should also have low to zero debt and a positive cash flow. Indebted companies have a lower capacity for expanding their research, development, and production capacities. They are also less likely to achieve diversification of their endeavors. That makes them more likely to lose money, but more importantly, less likely to turn their overall game around.
In the case of companies where the cash flow is not positive, investors should look into the earnings per share data (EPS). This information shows the potential investor the gradual progress of the company rather than its overall earnings. Likewise, if a company reduces its debt over time, that can also encourage the potential investor.
Is Zoom stock a good investment right now?
The Zoom app has become one of the most used software amid the pandemic-caused quarantine. The surge in popularity of the Zoom app can be explained by its’ ease of use and luck. Other apps (such as the previously mentioned Cisco Webex Meetings) have shown as much utility but failed to gain popularity as Zoom.
Zoom is currently the most prominent conferencing software out there. The app has witnessed its everyday user base increase from 10 million active users in December 2019 to an astonishing 200 million daily users in March.
However, can Zoom manage to keep the user base that it acquired in 2020?
On the one hand, the company’s growth and impact on the market cannot be overlooked. Due to the global crisis and quarantine, the Zoom software has transformed from an obscure app to a sociological phenomenon. Financially, Zoom has shown impressive results. In addition, the accumulated number of minutes of Zoom meetings rose to 2 trillion minutes annually.
However, the company’s future is significantly in question as free users dominantly create the demand increase. This surge in the market has also created pressure on the company to retain stable stock growth. In addition, it is still unclear how developers are planning to convert the free users to paid users, or at least a portion of them that could create further growth.
Furthermore, as conferencing software is becoming an integral part of most business models, stiff competition (like Microsoft and RingCentral) is joining the race. Subsequently, they are proving that Zoom is not the only provider that can successfully meet the demand for a quality video communication client.
However, IT spending is announced to rise further, and the researchers single out Zoom as one of the companies that might reap benefits.
Also, the company is devising a post-pandemic strategy of retaining clients. The company stated that preserving small enterprises will be the main strategy for Zoom to maintain its profit after the global crisis ends. A second strategy will be devising various models for converting free users of Zoom software into subscribers that are using the paid version of the app.
Popular Video Conferencing Stocks
Zoom (NASDAQ: ZM)
Zoom Video Communications, Inc. is a San Jose, California-based company that offers video telephony and online chat services. Eric Yuan, a former Cisco engineer, founded Zoom in 2011 and launched it in 2013. Its rapid growth and perceived ease of use led to a $1 billion valuation in 2017. The company became profitable in 2019 and eventually joined the NASDAQ-100 stock index with the symbol ZM.
During the COVID-19 pandemic, the usage of Zoom increased significantly. Remote workers started relying on the tool to attend video conferences. Also, many schools and universities heavily used Zoom to enable their students to take classes online. During the pandemic, Zoom provided its services for free to schools in several countries.
By February 2020, the platform had gained more than 2.22 million users in that year alone. In March 2020, users downloaded the app over 2 million times on a single day.
- In May 2020, the company acquired Keybase, specializing in end-to-end encryption.
- In July 2020, the company launched its first hardware as a service, which included its videoconferencing software.
- On July 15, 2020, the company launched a line of products called Zoom for Home.
- In June 2021, Zoom acquired Kites, an AI language translation company dedicated to reducing call language barriers.
- In September 2021, the company tried to acquire Five9 for $14.7 billion but was eventually turned down.
Zoom became a public company through an IPO on April 18, 2019. After pricing at US$36 per share, the stock price increased 72% on the first trading day.
Preceding the initial public offering, Dropbox invested five million dollars in Zoom.
Company website: https://zoom.us/
Microsoft Teams is a web app that enables businesses to communicate and collaborate using a single platform. It is similar to Slack but with a more robust set of features. Microsoft Teams’ features include video conferencing and chat, application integration, and file storage.
Teams is a replacement for other Microsoft-operated collaboration platforms, such as Microsoft Classroom and Skype for Business. In June 2020, Microsoft also announced that it would transfer the staff of Mixer to the Microsoft Teams division as Mixer would shut down.
Microsoft Teams was first announced in 2017 during an event in New York. It is led by Brian MacDonald, the company’s corporate vice president. The software came to life during the company hackathon.
Microsoft Teams is a web app built on top of the Electron framework from GitHub.
On July 27, 2021, the company reported 250 million users.
Microsoft listing is on The Nasdaq Stock Market, and the symbol is MSFT.
Skype is a VoIP software that enables users to make video calls and receive calls over the internet. Aside from making calls, Skype also supports various features such as videoconferencing, audio and video calls, instant messaging, and file transfer.
Skype is available on various platforms such as desktop, mobile, and video game consoles. As of March 2020, it was used by over 100 million people a month and 40 million people a day. Niklas Zennstrom and Janus Friis founded Skype in 2003 in Finland. In 2005, eBay acquired the company for $2.6 billion. In 2009, eBay sold 65% of Skype to a group of investors led by Silver Lake and Andreessen Horowitz for $1.9 billion.
In 2011, Microsoft bought Skype for $8.5 billion. However, the development team and many employees are still based in Finland.
During the Covid pandemic, Skype lost a large portion of users to its competitor, Zoom.
Company website: https://www.skype.com/en/
Webex Meetings (Cisco Systems)
Webex is a company that develops and sells videoconferencing and web conferencing software. Webex was founded in 1995 as WebEx. However, Cisco acquired the company in 2007.
The company has a wide array of products which are all part of Cisco Systems portfolio. The products include Webex Teams, Webex Meetings, Webex Groups, Training Center, Webex Office, Event Center, Sales Center, Support Center, WebEx Connect, Webex WebOffice, PCNow, MeetMeNow, and Webex AIM Pro Business Edition.
In April 2020, Cisco CFO Kelly Kramer mentioned that the company had 500 million meeting attendees resulting in 25 billion meeting minutes.
During the course of the pandemic, in September, Cisco launched a new platform – Webex Classroom. In October 2021, the company launched an update to its Webex portfolio that aims to enhance the efficiency and effectiveness of hybrid and virtual meetings. The update is AI-powered technology.
Webex is listed on The Nasdaq Stock Market with the symbol WEBX.
Company website: https://www.webex.com/
Google Meet is a video-communication service that Google developed. It is one of the two apps that replace the Google Hangouts feature. In March 2017, the company officially launched the app called “Meet”, which is an enterprise-friendly version of the Google Hangouts app available on iOS, Android, and web. The app allowed users to create video sessions with up to 30 people.
While Google Meet introduced new features to improve the overall experience, some of the standard features of the original Hangouts app were discontinued. Some of the discontinued features included the ability to group up video feeds. The number of video feeds that were allowed also decreased to 8. The chatbox and the video feeds were also changed to overlay instead of resizing them.
During the COVID-19 pandemic in 2020, the number of people using Google’s video chat app grew significantly. During this period, it reached 100 million daily users.
In March 2020, Google allowed non-paying users (personal accounts) access to Meet. However, free calls can only have up to 100 participants, and they are limited to one host.
While call data is not being used for advertising, Google reserves the right to monitor and collect details about the call duration, who’s participating, and IP addresses.
The user must create a Google account and log in to Gmail to start a call.
In May 2020, Asus introduced the Meet Compute System, videoconferencing hardware that works seamlessly with Google’s app. The company also introduced the Meet Series One, which includes various hardware features and a touchscreen monitor that works with the Google Assistant.
Google is listed on The Nasdaq Stock Market with the symbol GOOGL.
Company website: https://meet.google.com/
8×8 is a more modest, alternative video conferencing technology market participant.
The company accommodates Contact Center and UCaaS as Service (CCaaS) solutions. 8×8 provides means of communication to assist the conferencing of employees (the UCaaS section) and conferencing of employees with customers (the CCaaS section).
The company’s target group is small-to-medium-sized enterprises. In fact, it focuses on organizations that have revenue under 1 billion dollars. Such corporations constitute over 80% of the company’s recurring revenue by year.
- In 2010, 8×8 acquired Central Host, a web hosting company based in California.
- In June 2011, the company acquired Zerigo, a cloud service company based in Colorado.
- In September 2011, it acquired a hosted contact center company – Contactual.
- In 2013, it also acquired Voicenet, a UK-based cloud services company.
- In May 2015, 8×8 acquired the UK-based cloud contact center solutions provider DXI Ltd. for $26 million in stock and cash.
- The same month 8×8 acquired MarianaIQ to improve customer and employee experience.
- Next month, the company also acquired the assets of another private firm, Quality Software Corp.
- In October 2018, 8×8 bought Jitsi, an open-source video conferencing and chat tool.
- In July 2019, the company acquired Wavecell, a communications platform as a service provider from Singapur.
- Finally, in January 2020, 8×8 bought callstats.io, a Finnish startup measuring call quality.
The company is listed on Nasdaq with the symbol EGHT.
ClearOne Inc. (NASDAQ: CLRO)
ClearOne, Inc. (NASDAQ: CLRO) is a conferencing technology company providing visual and audio communication forms solutions.
Users can install the app on various platforms. In addition, there is a free version of the app that allows users screen-sharing features and instant messaging.
The company also propelled two new models of cameras created to render better quality compared to standard cameras. The appeal of this company is in its diversity, as it is involved in both software development and technology production.
ClearOne was founded in 1983 in Salt Lake City, Utah, USA, and it currently employs up to 200 people. It is one of the video conferencing stocks listed on NASDAQ with the symbol CLRO.
Company website: https://www.clearone.com/
Logitech International S.A. (NASDAQ: LOGI)
Logitech International SA (NASDAQ: LOGI) is one of the leaders in developing and producing technology and hardware. The company’s products are related to conferencing, audio and video connection, and other multimedia technology.
One of Logitech’s most advanced pieces of technology is the Logitech Rally Bar. It is an all-in-one video conferencing system that works with both Apple and PCs. Logitech Rally Bar prides itself on high camera quality and an integrated microphone with an extraordinary reach. It is perfect for video conferencing in spacious environments. The company is also committed to creating solutions for smaller spaces, such as the Logitech Rally Bar Mini. The main asset of this company is that it avoided the competitive market of video conferencing software and focused on developing technology.
Logitech’s public listing, as well as headquarters, are in Lausanne, Switzerland. The stock symbol is LOGN.
Company website: https://www.logitech.com/en-us
Video Conferencing Stocks – Conclusion?
Business models are shifting towards being fully remote so quickly that companies themselves are having trouble keeping up. Employees are changing their perception of work, working environment, traditional work roles, and everyday life concerning employment. People are recognizing that having a job doesn’t necessarily require going to a designated place and spending time with other people in the same room…not anymore.
While many workers will unquestionably revert to standard office conditions after the COVID-19 pandemic is over, the positive sides of remote work are becoming more evident with each passing day. Video communication tools allow workers to cooperate without sacrificing effectiveness. Furthermore, video calls and web meetings can make employees even more productive and pleased with their employment.
Just as the popularity of remote work is growing, so are investors looking into video conferencing stocks.
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This article was last updated on January 10th, 2022.