Computer and mobile phone apps have become an important part and parcel our daily lives. Companies are spending hundreds and thousands of dollars to automate all their procedures with minimum possible human presence. The outbreak of the coronavirus pandemic during the previous year has further enhanced use of digital media as mode of communication, primarily due to the work from home concept. In 2020, people mostly spent their time confined to their homes. They worked from him, ordered food, and shop online while staying at home. During 2021, analysts are of the view that the IT industry is likely to grow more as compared to 2020 as the post COVID-19 situation will be a bit different. In view of this, the stock prices of major software companies will increase during 2021. Besides the above speculation, getting things done rapidly with minimum possible human interference is considered a luxurious living standard. The stock price of enterprise software is also likely to go up by 7.2% during this year due to online collaboration among colleagues and work from home strategy. This article provides in depth review of Top 5 Software Stocks to Buy During 2021 as shared by Insider Monkey on Yahoo.
Zoom Video Communications Inc. is an online communication app which became popular during the pandemic, last year. As companies switched to work from home strategy, workers preferred to communicate through Zoom and some other apps to discuss official matters may it be presentations, reports or similar stuff. Zoom provides several features like online video and audio calls along with screen sharing stuff to make the discussion fruitful. During the pandemic, the stock price of Zoom went up and various hedge funds invested in this video conferencing tool. Another popular software company is Microsoft Corporation. Microsoft is globally the biggest software company. The cloud platform, Azure, powered by Microsoft is getting popular among developers. The company is offering a lot of apps for users to work on. Microsoft’s Office suite is a set of popular word processing apps for users. These apps are perfect for performing various official stuff. Around 234 hedge funds have invested in the company and the total investment by these funds amounts to $42.1 billion. This list does not end here. You can read more about other software companies at 10 Best Software Stocks To Buy Now on Yahoo. The article comprises useful information for readers.
