Search a ticker

Categories
Communications Stocks Featured Investing Stocks to Watch

The Best Telecom Stocks To Buy Before September 2020? 2 Names To Watch

Telecom stocks are often attractive to more conservative investors looking for dividend-yielding stocks, but it’s also full of companies with good potential for capital appreciation.

telecom stocks to buy

Are These Top Telecom Stocks On Your August 2020 Watchlist?

Multiple Telecom stocks have been able to rise in this pandemic environment. Online services are a priority for many top telecom stocks on the rise. Since we have all been under stay at home orders, we are using online services much more than regular. Some of these digital telecom stocks are companies that focus on e-commerce, cloud storage, and more. This has caused Telecom stocks to surge in 2020.

Telecom stocks that were in relation to digital services were already seeing a bullish sentiment pre-pandemic. Then 2020 came and these companies received a boost in revenue. AudioCodes Ltd (AUDC Stock Report) was able to reach its 20 years high during the pandemic. So evidently there are many types of top telecom stocks to watch. Let us have a look at two top trending telecom stocks that are trending in the market.

Read More

The first communication stock to discuss is Vonage Holdings Corp. (VG Stock Report). Vonage is a communication company with a focus on cloud communications. The company operates in two sections, which are business and consumer. Vonage has many separate phone and internet features for businesses and residential clients. In Vonage’s second-quarter results, it reported consolidated revenues of $311 million. This was higher than the $298 million it was in the previous year.

Vonage’s ability to stay afloat has helped VG stock price a lot. VG stock price was at $9.90 a share on average before the pandemic. Then in March, VG stock fell as low as $4.53 a share at one point. Since then, VG stock has been on the rise. As of August 20th, VG stock price is at $11.70 a share on average. This is 18.18% higher than VG stock was back in February. This positive momentum for VG stock price could potentially be great for VG stock.

The CEO of Vonage Holdings, Rory Read, said in its Q2 highlights, “Business segment service revenues grew 18% year over year, driven by increasing demand for our Vonage Communications Platform. API Platform revenues grew 32%, with 163% year-over-year growth in high-value API services, an area where we will continue to invest to support future growth. API Platform revenue now accounts for 47% of our Business revenues up from 41% a year ago.”

This positive news has greatly interested investors in telecom stocks. That is why VG stock could be on your watch list.

[Read More] Top 5G Stocks To Buy In August 2020?

This communication stock, Zoom Video Communications Inc. (ZM Stock Report) has been rapidly on an uphill climb in 2020. By now you must have heard of the service by its constant mention in the media. Even Queen Elizabeth II has used Zoom’s service in 2020. Zoom reached a point of being profitable in 2019, and 2020 gave it the big boost it needed. In April 2019, ZM stock went public in the market. So this communication stock is rather new to the sector.

People are forced to communicate by video in business and personal situations because of the coronavirus. This is why Zoom is seeing so much positive momentum in 2020. When the pandemic came to a global start, ZM stock price was at $100 a share on average. That is until everyone was locked down to avoid catching the virus. Since then, ZM stock has been on a constant uphill climb. As of August 20th, ZM stock price is at $289 a share on average.

Bottom Line

Companies with similar services like Alphabet’s Google (GOOGL Stock Report), Microsoft (MSFT Stock Report), and Facebook (FB Stock Report) have not caught up to Zoom’s growth. That is why ZM stock is on this consistent long term rise. All of these reasons are why VG stock and ZM stock are potential Telecom stocks to buy.

By Jonathan Phillip

Jonathan Phillip is an up and coming financial contributor in the stock market today. He's found a strong niche in writing about true growth industries. His main focus for the last 5 years has been on the cannabis industry and marijuana stocks. He is one of the top contributors to cannabis media outlets like MarijuanaStocks.com. He also is head of social media management for StockMarket.com.

Since an early age, Jonathan has been an active member of the cannabis culture. Coming from Miami, Florida, he's been able to identify emerging trends in the space including the emergence of cannabis derivatives, vapes, e-liquids, wax, and more. His ability to identify emerging niches has afforded him the ability to source valuable information from top industry names.

Jonathan has also managed to build a strong social media presence for companies. He has worked with hundreds of public companies to develop a digital presence. As an active blogger and social media influencer, his focus is on lifestyle segments of the market. You can find Jonathan reporting on anything from industry conferences and investor events to corporate disclosures and cannabis market movers.

Since the early days of marijuana companies going public, Jonathan has made it a point to find information before the crowd. The main target of his writing is on undiscovered or under-researched companies that could hold true, lasting market potential. Through his research, Jonathan has managed to be one of the early writers to identify the opportunity of cannabis over other things like alcohol and he was one of the first reporters to cover the multi-billion dollar deals that materialized in 2017 and 2018. He has also covered the emergence of multi-state operators in the U.S. after Canada paved the way in late 2018 and 2019 for legalization in North America.

Jonathan is also an active member of the underground hip-hop scene. He has worked with some of the biggest names in the rap community while also gaining valuable insight from top producers and business moguls focused on moving brands forward. In his free time, Jonathan builds social communities and continues to hone his skills as a leading financial writer.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments