5 Best Video Conferencing Stocks to Invest In

Page 1 of 5

In this article, we will discuss 5 best video conferencing stocks to invest in. For a detailed look on the other best video conferencing stocks, head over to 11 Best Video Conferencing Stocks to Invest In.

5. Adobe Inc. (NASDAQ:ADBE)

Number of Hedge Fund Holders: 109

Ranked 5th in our list of best video conferencing stocks to invest in, Adobe Inc. (NASDAQ:ADBE) provides video conferencing services through its Adobe Connect tool. Founded in 1982 and headquartered in San Jose, California, Adobe Inc. (NASDAQ:ADBE)’s Adobe Connect is widely used for remote training, web conferencing, presentation, and desktop sharing. With a market capitalization of a whopping $254 billion, the firm is also anticipating completing its $20 billion proposed acquisition of its rival Figma to further bolster its technological advancements. Adobe Inc. (NASDAQ:ADBE) reported earnings of $4.09 per share in fiscal Q3, which came ahead of analysts’ expectations of $3.97. Adobe Inc. (NASDAQ:ADBE) also posted revenue of $4.89 billion in the quarter, up 13% from a year earlier.

Insider Monkey had a look at 910 hedge funds portfolios for Q2 and found out that 109 had a stake in Adobe Inc. (NASDAQ:ADBE). Citadel Investment Group was the largest shareholder which owned 2 million shares that are valued at $971.9 million.

Page 1 of 5