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3 Office Equipment Stocks to Watch in a Prospering Industry

The Zacks Office Automation and Equipment Industry participants like Canon CAJ, Seiko Epson SEKEY and Pitney Bowes PBI are gaining from growing demand for coronavirus-led medical equipment systems and low-mid class of printers, thanks to the ongoing spike in demand for work-from-home and online learning. Strong capital spending on lithography equipment for memory devices and sensors has been benefiting industry participants. Rapid adoption of Internet of Things and 5G technologies has driven sales of CMOS sensors and communication devices, which bodes well for these companies.

Nevertheless, the industry is facing supply-chain disruption due to the coronavirus pandemic. Further, coronavirus-led remote working is hurting demand for office products. Macro-economic slowdown, increasing forex risk in emerging markets and heightened price competition are hurting industry participants.

Zacks' Top Picks to Cash in on Artificial Intelligence

In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today.

See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Canon, Inc. (CAJ): Free Stock Analysis Report
Microsoft Corporation (MSFT): Free Stock Analysis Report
Cisco Systems, Inc. (CSCO): Get Free Report
Pitney Bowes Inc. (PBI): Get Free Report
Seiko Epson Corp. (SEKEY): Free Stock Analysis Report
Zoom Video Communications, Inc. (ZM): Get Free Report
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