During the period of Coronavirus pandemic, many shares are being effaced by the new monthly reported cases of COVID-19. On the other hand, shares of technology and communication shows a stable gain in 2020. T-MOBILE US INC, and Zoom Video Communications, Inc. (ZM) are example of companies that providing their services that depending the cloud and fast communication technology.
T-Mobile US Inc. provides mobile communications services in different countries including the United States. T-Mobile US Inc. (TMUS) issued a prospectus on Wednesday detailing a right offering for up to 19.75 million shares of the company's common stock. The subscription rights are worth up to $2.03 billion. SoftBank Group Corp Chief Executive Masayoshi Son and the partner owner of T-Mobile said at an annual shareholders’ meeting on Thursday that “the equity value of the group’s holdings has recovered to pre-coronavirus pandemic levels”. TMUS closed at $108.43 with profit of $1.27 (1.19%). Based on 14 analysts offering 12-month price targets for T Mobile US in the last 3 months the average price target is $110.29 with a high forecast of $126.00 and a low forecast of $90.83. The average price target represents a 1.72% increase from the last price of $108.43. With a 5-year investment, the revenue is expected to be around +44.79%.
Zoom Video Communications, Inc. (ZM) is an American communications technology company, providing many videotelephony and online chat services. ZM Founded by Eric Yuan Chinese-American billionaire businessman. Zoom said that Jason Lee, who was previously senior vice president of security operations at Salesforce.com Inc, would join the company on June 29. This step can increase the consumer number due to security enhancement and its features. Zoom's stock has nearly quadrupled year to date (up 276%). ZM closed at $255.90 USD with profit of $3.09 (1.22%). The forecasted price of ZM in one year investment is expected to reach $620.536 with a profit of 128.227%. The long-term investment of five year is expected to reach $1730.880.
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