Work-from-home stocks are in the spotlight on Wall Street - Business Insider

Wall Street analysts are keeping an eyeing on the shares of companies that are getting a lift from the sudden rise of the remote workforce.They include companies that offer tools that make it easier to communicate, like Microsoft and Slack, access networks, like Citrix, and store and process documents, like Docusign.

Slack shares joined the tech plunge as the coronavirus was escalating, but the stock has bounced back and is up about 9% year to date. The fourth is Citrix, which gives employees access to virtual PCs hosted from their network, a valuable tool in the work-from-home era. "The three PC horsemen — Dell, Hewlett Packard and Lenovo — will all do well," analyst Patrick Moore had of Moor Insights & Strategy told Business Insider. I'm already seeing indications of that. PC sales are through the roof."

Morgan Stanley analyst Meta Marshall told clients in a note last month that the two networking companies are "best positioned" to benefit from the remote workforce trend because of their huge customer bases.

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