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Zoom Video Reports Better-Than-Expected Q2 Results, Strong Forward Guidance: Details
Wednesday, August 21, 2024 - 4:35pm | 354Zoom Video Communications, Inc. (NASDAQ:ZM) shares are trading higher Wednesday after the company posted better-than-expected second-quarter financial results. Here's a look at the details from the report. The Details: Zoom reported quarterly earnings of $1.39 per share which beat the analyst...
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Zoom Faces Post-Pandemic Woes: Can Earnings Save The Day?
Monday, August 19, 2024 - 12:22pm | 794Cathie Wood's Ark Invest made headlines by offloading 161,836 shares of Zoom Video Communications Inc. (NASDAQ:ZM) just ahead of the company’s second quarter earnings report. The sale, valued at approximately $9.1 million, signals a potential red flag for the video-conferencing giant, which...
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Cathie Wood Snapped Up More Shares In Zoom And This Gaming Company On Thursday's Dip
Friday, March 4, 2022 - 8:53am | 450Cathie Wood-led Ark Investment Management scooped up more shares of social gaming platform Roblox Corp (NYSE: RBLX) and videoconferencing developer Zoom Video Communications Inc (NASDAQ: ZM) following a dip on Thursday. The popular money manager bought 506,...
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Cathie Wood Sells Another $90M In Tesla And Loads Up On The Dip In This Tech Stock
Friday, January 14, 2022 - 7:03am | 495Cathie Wood’s Ark Investment Management on Thursday continued selling shares in Tesla Inc (NASDAQ: TSLA) amid a profit booking spree in the stock and raised its exposure in Zoom Video Communications Inc (NASDAQ: ZM) on the dip. The popular money managing firm bought 213,756 shares...
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Why Zoom Video's Growth Will Likely 'Surprise To The Upside' Over The Next Year
Thursday, August 26, 2021 - 11:12am | 381Zoom Video Communications Inc (NASDAQ: ZM) has the potential to be the next great platform, according to an analyst at Morgan Stanley. The Zoom Video Analyst: Morgan Stanley analyst Meta Marshall upgraded Zoom Video shares from Equal-weight to Overweight and increased the price...
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Zoom Aims To Boost Phone Presence Beyond Video As It Strikes $14.7B Deal To Acquire Five9
Sunday, July 18, 2021 - 11:10pm | 424Zoom Video Communications Inc (NASDAQ: ZM) said on Sunday it is buying cloud-based contact center software provider Five9 Inc (NASDAQ: FIVN) for $14.7 billion in an all-stock deal that will help it boost its presence beyond video chat. What Happened: Zoom’s first mega-billion acquisition...
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GameStop, Palantir, Alibaba — Stocks Largest US Pension Fund Sold In Q1. Here's What It Bought Instead
Tuesday, May 25, 2021 - 2:41am | 443The largest U.S. pension fund by assets sold nearly all its investment in Chinese e-commerce giant Alibaba Group Holding Limited (NYSE: BABA) and also cut its stake in videogame retailer GameStop Corp. (NYSE: GME) in the recent first quarter, while increasing its holding in Zoom Video...
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Zoom CEO Eric Yuan Becomes $6.6B Richer In A Day, Thanks To 40% Stock Surge
Wednesday, September 2, 2020 - 2:01am | 445Zoom Video Communications Inc. (NASDAQ: ZM) CEO Eric Yuan added $6.6 billion to his net worth Tuesday, according to the Bloomberg Billionaires Index. What Happened: The sharp increase in Yuan's wealth came as the company’s shares skyrocketed 41% after it reported a...
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Zoom To Be Available On Facebook, Amazon, Google Smart Displays By Year-End
Wednesday, August 19, 2020 - 11:09pm | 379Zoom Video Communications Inc (NASDAQ: ZM) announced Wednesday the availability of its video conferencing services on smart displays made by major companies. What Happened Zoom users would be able to access the video conference service on smart displays such as Facebook Inc’s (NASDAQ: FB...
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Zoom Launches $599 Standalone Video Conferencing Device For Workers At Home
Thursday, July 16, 2020 - 4:49am | 262Zoom Video Communications, Inc (NASDAQ: ZM) announced Wednesday that it was releasing a new standalone video-conferencing device dubbed "Zoom for Home - DTEN ME." What happened The San Jose-based company disclosed that the touch screen device, to be manufactured by its partner DTEN, comes with a 27...
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Zoom Will Finally Offer End-To-End Encryption For Free Users
Thursday, June 18, 2020 - 6:14am | 341Zoom Video Communications Inc. (NASDAQ: ZM) on Wednesday announced it would let free users access end-to-end encryption on its platform. What Happened "[We] have identified a path forward that balances the legitimate right of all users to privacy and the safety of users on our platform,...
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Zoom CFO Talks New Environment: 'More Efficient And Effective'
Monday, June 8, 2020 - 2:48pm | 400The video conferencing landscape continues to intensify, but Zoom Video Communications Inc (NASDAQ: ZM) thinks it has an advantage in its ease of use and reliability, CFO Kelly Steckelberg said on CNBC's "Squawk Box." What Happened: Zoom has grown its daily user base from 10 million...
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Verizon Closes Acquisition Deal With BlueJeans Network In A Month
Tuesday, May 19, 2020 - 6:06am | 355Verizon Communications Inc. (NYSE: VZ) has closed the acquisition deal with BlueJeans Networks in just a month. What Happened Last month, Verizon had entered into a definitive agreement to purchase BlueJeans, a provider of enterprise-grade video conferencing services. In a joint message, BlueJean...
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Cisco Is Among The First to Give a Bigger Picture of the Pandemic's Impact
Friday, May 15, 2020 - 12:02pm | 736Cisco Systems Inc (NASDAQ: CSCO) reported its third fiscal quarter that ended in April, unlike most recent earnings report that reflected results throughout only March. There's no doubt, Cisco felt the turbulence alright. There was a piece of good news due to video conferencing along with being...
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Zoom Rival Facebook's Messenger Rooms Goes Live Worldwide
Friday, May 15, 2020 - 5:49am | 379Capitalizing on the growth of video chat during the pandemic, Facebook Inc. (NASDAQ: FB) has taken its Messenger Rooms live worldwide. What Happened Facebook has made its drop-in video chat Messenger Rooms available globally. The service allows up to 50 participants to video conference without...