FX.co ★ Top-5 companies to maintain their leadership after crisis
Top-5 companies to maintain their leadership after crisis
Zoom Video Communications
The company has gained its explosive popularity due to the remote video communication services that have been widely used during the COVID-19 pandemic.The popularity of the service can hardly be overestimated. Analysts suppose that it will keep its positions in a short-term perspective. In case of a more severe epidemiological situation, the company’s employees will have an opportunity to work remotely. Thus, Zoom services will be in great demand. Notably, the company’s shares skyrocketed by almost 41% to a new all-time high amid the coronavirus outbreak. As many other companies, Zoom uses the same tools necessary for remote work.
Cisco Systems
Tech giant Cisco is the second most resilient company. During the pandemic, products of the global supplier of routers, switches, and other network hardware and software became extremely popular. The company's competent strategy, based on the aggressive diversification of a revenue base, allowed it to avoid a financial collapse. Cisco not only provides its clients with traditional and well-known equipment. It also offers innovative developments such as optical devices that convert optical signals into electronic data. Such innovations bring a lot of money to the company.
Netflix
Netflix is a global provider of audio and video products. It is among the most resilient companies. Economists believe that Netflix is able to resist the pandemic consequences and the lockdown regime imposed to contain the virus spread. Demand for the company’s products such as music, films, and other media services soared amid the quarantine. In January-February of 2020, the company’s shares jumped by 6%. Thus, the price has added more than 11% since the beginning of the year. Moreover, the number of clients of the world’s largest streaming giant reached 167 million people. Some experts are sure that the virus spread may lead to an even higher demand for Netflix products.
Activision Blizzard
Activision Blizzard was established in 2008. It is the world’s leading company in the game industry. During the self-isolation period caused by the coronavirus pandemic, the company’s products have gained widespread popularity. According to analysts, developments of Activision Blizzard will still be of great demand in the near future. The fact is that the company actively implements innovations that meet the requirements of the time. For example, the company’s specialists have developed mobile games that are compatible with various mobile devices, including smartphones, communicators, and some others. Besides, the recent estimates showed that the creation of mobile games which require margin could be the main driver of a rise in the company’s profit.
Royal Philips
Royal Philips is the world’s leader in the field of medical technologies and healthcare. Amid the coronavirus outbreak, the company offered telemedicine elements that help clinics and doctors to cope with the increasing flow of seriously-ill patients. Adaptable telemedicine technology gives an opportunity for online monitoring of COVID-19 patients. Philips also offers its services to medical call centers that consult people who stay at home. Such telemedicine technologies allow to process a large number of requests concerning the coronavirus.