The Zacks Analyst Blog Highlights: Netflix, Akamai, DocuSign and Teladoc

Zacks Equity Research

For Immediate Release

Chicago, IL – April 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 Netflix Inc. NFLX, Akamai Technologies Inc. AKAM, DocuSign Inc. DOCU and Teladoc Health, Inc. TDOC.

Here are highlights from Wednesday’s Analyst Blog:

Dodge the Coronavirus Crisis with These 4 Stay-at-Home Stocks

The rapidly growing number of coronavirus-infected patient cases across the globe has roiled the equity market. With drugs and vaccines many months away, investors expect global businesses to witness longer and steeper downturns.

However, there could be some respite if the spread of the virus is contained. In wake of this scenario, governments are urging people to strictly adhere to lockdown directives. Hence, it’s advisable to keep an eye on "stay-at-home" stocks that are well poised to gain and are immune to the virus’ impact.

Virus Fears Intensify

In view of the coronavirus outbreak, which has been classified as a pandemic by the World Health Organization, more governments across the world are considering and extending strict nationwide lockdowns.

Per compiled data of Johns Hopkins University, since the virus was first detected in China late last year, the total number of infected people across the world has increased to 860,181, as of Apr 1. The virus has already spread across 180 countries, killing more than 42,000 people, the compiled data suggests. On the bright side, the data shows recovery of 178,359 infected people.

Stocks to Gain From the Pandemic

To combat the outbreak, people are being increasingly advised to avoid mass gathering. This has brightened up prospects of companies that are helping people to stay connected. In other words, the businesses of such companies prosper if people spend more time at home.

We are presenting two stocks with a Zacks Rank #2 (Buy) and two with a Zacks Rank 3 (Hold) that are well positioned to gain. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Headquartered in Los Gatos, CA, Netflix Inc. is a leading provider of streaming services. With more people staying at home, streaming could be their in-house entertainment. Thus, the #2 Ranked stock is expected to witness an expansion in its subscriber base. We expect the company to see earnings growth of roughly 47% in 2020.

With mounting demand for in-house entertainment services, video streaming service providers are competing to boost their customer base. Being a leading provider of content delivery network services, Akamai Technologies Inc. is well positioned to grow, since the company provides the necessary platform to the video streaming service providers to compete. Notably, the stock, with Zacks Rank #2, is likely to see earnings growth of almost 9% in 2020.

DocuSign Inc., headquartered in San Francisco, CA, is a popular name for authenticating documents over the Internet through electronic signature. The stock, with Zacks Rank of 3, is likely to see earnings growth of almost 71% in fiscal 2021 (read more: Coronavirus Drives Work-From-Home Trend: 5 Stocks to Gain).

In the wake of limited movement and home confinement, there is growing demand for digital doctors. Being a provider of virtual access to high-quality care and expertise with a portfolio of services and solutions, Teladoc Health, Inc., headquartered in Purchase, NY, is a well-known name in the space. In 2020, the #3 Ranked stock is likely to see bottom-line growth of almost 19%.

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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/performancefor information about the performance numbers displayed in this press release.


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Netflix, Inc. (NFLX) : Free Stock Analysis Report
 
Akamai Technologies, Inc. (AKAM) : Free Stock Analysis Report
 
Teladoc Health, Inc. (TDOC) : Free Stock Analysis Report
 
DocuSign Inc. (DOCU) : Free Stock Analysis Report
 
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