4 Communication Stocks To Check Out In August 2021

With the increasing concerns of the coronavirus situation, communication stocks could be back in focus in the stock market. After all, we live in a world where communication technologies are essential in our daily lives. Any inability to get in touch is no longer a viable excuse given how many types of communication modalities are available to us today. Thanks to companies such as Facebook (NASDAQ: FB) and Twitter (NYSE: TWTR), we have access to social media platforms to keep in touch with one another.

In addition, we also have media companies such as ViacomCBS (NASDAQ: VIAC) and Comcast Corporation (NASDAQ: CMCSA) that play a huge role in reporting the latest news and providing entertainment. On that note, both companies recently announced that Paramount+ will launch on Sky platforms in 2022 as part of a new multi-year distribution agreement. All these highlights the importance of communication technology in the world we live in. Now, would you bet on the future of these companies? If you’re interested, then here are some of the top communication stocks in the stock market today. 

Top Communication Stocks To Watch In August 2021

Verizon Communications Inc

First, we have one of the giants in the telecommunication technology industry, Verizon. Essentially, it provides communications, information, and entertainment products and services to its customers. Ultimately, it aims to transform how its customers connect with each other through innovative communications and technology solutions.

Verizon continues to impress as it expanded its 5G Business Internet to parts of five new cities last week. This brings the total number of cities with 5G Business Internet service to 47. On top of that, Verizon Business is also incorporating video collaboration and voice offerings into a special offer, namely, the BlueJeans Meetings by Verizon and Verizon OneTalk. There will be no additional cost for eligible customers who sign up for and maintain 5G Business Internet services. These efforts may be deemed a necessity given how competitive the industry is right now.

Furthermore, the company along with Parrot and Skyward also announced an exclusive partnership to bring the first out-of-the-box 4G LTE connected drone to the U.S. So, how it works is Parrot ANAFI Ai’s drone will connect to Verizon’s 4G LTE network and the 4G LTE connectivity is provided exclusively to Skyward subscribers at no additional cost. The Skyward Connected Drone Solution gives enterprises a complete experience for planning, flying, data transfer, and processing. Given these exciting developments, would you add VZ stock to your watchlist?

communication stocks (VZ stock)
Source: TD Ameritrade TOS

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T-Mobile US Inc

Another top telecommunication company in the world today would be T-Mobile. Put simply, it provides wireless services and a selection of wireless devices and accessories to its customers. The company also offers one of the best connectivity and fastest 5G speeds to its customers. TMUS stock has risen over 20% over the past year. 

Late in July, T-Mobile announced its second-quarter earnings. Total revenues came in at $20.0 billion, up by 13% year-over-year. Out of which, service revenue was $14.5 billion, up by 10% year-over-year, the best growth in the industry. Meanwhile, the company posted a net income of $978 million, 8 times that of the previous year’s quarter. Through this, we could see that the company is capitalizing on its 5G leadership and its diversified growth strategy is paying off.

Despite a strong second quarter, the company is still not resting on its laurels. T-Mobile announced that it will be collaborating with Sarcos Robotics to integrate its 5G into Sarcos Guardian XT™ dexterous mobile industrial robot. With the company’s 5G integration, the companies aim to improve performance and response time for remote operations. Hence, the robots will be able to perform tasks more efficiently and in tune with the operator’s movements. With all these in mind, would you consider buying TMUS stock?

TMUS stock
Source: TD Ameritrade TOS

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Fox Corp

Following that, we have Fox Corporation. The company operates through three segments: Cable Network Programming, Television, and Other, Corporate, and Eliminations. The company was formed as a result of the acquisition of 21st Century Fox by Walt Disney Co (NYSE: DIS). Hence, the new Fox Corp was formed by assets that were not acquired by Disney.

Last Thursday, Fox reported its fourth-quarter financial update. Its revenue increased by 20% to $2.89 billion with strong growth across all revenue categories. Meanwhile, its net income was $272 million, up by a whopping 87.5% year-over-year. This strong financial showing highlights the strength of its distinct strategy and serves as a foundation for sustained operating momentum. 

Furthermore, Fox has also expanded and extended its relationship with Comscore Inc (NASDAQ: SCOR) last Friday. The multi-year agreement comes as a result of Comscore’s expanded data rights. Hence, driving increased measurement stability, as well as continued improvements to its television measurement products. Overall, Fox appears to be trending in the right direction even under challenging circumstances due to the pandemic. Thus, would FOX stock be a top communication stock to watch?

FOX stock price
Source: TD Ameritrade TOS

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Zoom Video Communications Inc

To sum it up, we have one of the most popular companies in the world during the global pandemic, Zoom. In brief, the company’s current fame among consumers and businesses alike would be thanks to the relevance of its video communications services. People around the world were dependent on its services to connect with one another. So, would you bet on ZM stock again given the resurgence of coronavirus cases?

Whatever the case may be, the company is still constantly adding and upgrading its software. Last month, it announced the general availability of its latest innovations, Zoom Apps and Zoom Events. In detail, the Zoom Apps embeds third-party apps within the Zoom Meetings and desktop client experience, enhancing productivity and collaboration for today’s hybrid workforce. Meanwhile, Zoom Events is an all-in-one platform for creating a wide range of interactive and immersive virtual events to reach and engage audiences.

Most of us can agree that being connected through the Internet is not quite the same as a face-to-face encounter. So, these innovations are necessary to help improve productivity while maintaining elements of fun and well-being. At this point, investors will be on the lookout for its next quarterly financial result that will be released on August 30. Could the communication giant continue to grow as it broadens its offering and reach? If you think so, would you consider adding ZM stock to your watchlist?

ZM stock price
Source: TD Ameritrade TOS

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