A video-conferencing company is surging on speculation the coronavirus outbreak will make more people work from home (ZM) | Markets Insider

Zoom Video Communications has soared more than 5% this week as investors bet coronavirus will have workforces working remotely.Coronavirus has sent the stock market into a full-on rout, but some names are staying above water.a video conferencing company, is one of those stocks. As equity indices sank, the company was up as much as 8.15% Thursday morning. That's after rising through the week — at Wednesday's close, shares were up 5% against where they ended the week Friday.

Messionner said businesses should make plans to allow employees to work remotely, adding that large in-person meetings and conferences should be canceled."We are asking the American public to work with us to prepare, in the expectation that this could be bad," Messionner said. That's because potential for coronavirus to become a global health crisis, rather than a regional one, became clear this markets week,reported a spike in new cases. The World Health Organization said Wednesday that there are more new cases of the novel coronavirus outside of China than in it.

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