Zoom explained: Understanding and using the popular video chat app
Amid Covid-19 emergency, demand for Zoom videoconferencing software surged as businesses told employees to work from home. Zoom Video reported third quarter earnings that topped estimates but offered mixed guidance for the current period. In fact, if someone else sets up the Zoom Meeting and invites you, all you need to do is follow the instructions in the email invitation to start using Zoom. You’ll need to click a link to install the Zoom app, and then enter the conference code to sign into the meeting to which you’ve been invited. Kurtzman believes that, with most security concerns addressed, Zoom can now refocus on improving the video call experience for users. He pointed to the company’s recent addition of AR features, as an example.
- As a video-only platform, Zoom’s biggest competitors are LogMeIn’s GoToMeeting and Cisco Webex, both long-standing staples of the videoconferencing market.
- A combination of these factors and the likelihood of social distancing lasting throughout 2021 could boost Zoom’s revenue accordingly.
- The pullback in pandemic-driven demand, in addition to increased competition from massive tech companies like Microsoft and Alphabet, will challenge Zoom’s business moving from here on out.
- To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Prices above are subject to our website terms and agreements. Please log in to your account or sign up in order to add this asset to your watchlist. Sign-up to receive the latest news and ratings for Zoom Video Communications and its competitors with MarketBeat’s FREE daily newsletter. Further, Zoom stock holds an IBD Composite Rating of 76 out of 99. The best growth stocks have a Composite Rating of 90 or better.
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Like Zoom, its popularity has grown significantly in recent months; the company in April said the platform has more than 75 million daily active users. And Microsoft has worked to improve its platform and address issues users flagged at the start of the pandemic. One change now allows users to see up to 49 people on a Teams video call; another creates virtual viewing modes that mimic in-person gatherings.
To initiate a meeting right away, you log on to the Zoom.com website, select “Host a meeting” — you’re given the choice to start with video on or off — and away you go. You can also schedule a future meeting using a form where you fill in basic details — enable cameras to be on or off, enable the meeting to be recorded, or set up a waiting room, among other options. Once you’ve scheduled the meeting, you can then share it via your Google, Outlook or Yahoo calendar, input the participants’ email addresses and send an email invite to them. The main issues with this method is it requires more navigation to access and use the tool.
This is more favorable than Zoom’s expected top-line scenario, but many investors still might be hesitant to pay a lofty valuation for the company when taking into account the deceleration in growth. Attendees can join a Zoom meeting without even signing into the app, but must register for an account to host a video meeting. Premium versions support Zoom meetings with up to 1,000 participants, call recording, unlimited phone calls and much more.
We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. The second stage is also known as Terminal Value, this is the business’s cash flow after the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.1%.
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Zoom Video Communications Analyst Data
Earlier in September, The Wall Street Journal reported that a U.S. Department of Justice-led panel, named Team Telecom, was investigating the proposed merger’s potential national security risks. It was founded in 2011 by Eric Yuan, a former Cisco https://forexhero.info/ executive. Cisco offered the WebEx web conferencing platform, which remains a competitor in the conferencing space today. Yuan’s competitor, Zoom, evolved quickly; the service launched in 2013 and had a million users by the end of the year.
The platform provides video services for enterprise, consumer and educational customers, and its relatively simple setup (compared to competitors) took it to Unicorn status in 2017 and an IPO in 2019. Free Zoom offers video conferencing for up to 100 participants, provided the meeting runs for no longer than 40 minutes, at which point attendees are ejected from the conference. If you don’t mind the hassle of dialling back in, the host can simply start another call. Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Zoom Video Communications.
In May, Zoom announced an investment in AI startup Anthropic to support research roadmaps. Anthropic’s AI model will be integrated into Zoom’s Contact Center platform. As of Aug. 23, 2021, Zoom had 240,744,533 outstanding shares of Class A common stock and 56,383,369 outstanding shares of Class B common stock. Because of the early spate of problems, a number of high-profile companies including SpaceX, Standard Chartered and the governments of Germany, Taiwan and Singapore banned employees from using Zoom. Fast forward another few months, and many of those same workers are officially suffering from Zoom fatigue. The Zoom app is available on all major desktop and mobile operating systems, including Windows, macOS, Android and iOS.
Is the company’s stock value a reflection of the businesses promising growth? The risks of loss from investing in CFDs can be substantial and the value of your investments may fluctuate. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how this product works, and whether you can afford to take the high risk of losing your money.
Zoom Video Communications Inc. stock rises Wednesday, outperforms market
Growth in annual recurring revenue for business customers with contracts topping $100,000 is one metric to monitor. Rather than increase revenue, Zoom Video expects gen AI tools to retain and add customers. Zoom is available free of charge to anyone and the basic free version offers all the facilities most people will need. I’m Ben, I graduated with a degree in Engineering and Science from the University of Adelaide, Australia. I’ve been actively trading the Futures and Forex markets since 2014. Do the same with the other axis until you’ve zoomed the chart to the desired size.
Zoom Video Communications’ stock is owned by a variety of retail and institutional investors. The company is scheduled to release its next quarterly earnings announcement on Monday, February 26th 2024. Which stocks are likely to thrive in today’s challenging market? Click golang curl the link below and we’ll send you MarketBeat’s list of ten stocks that will drive in any economic environment. ZM stock holds an Accumulation/Distribution Rating of B-minus. That rating analyzes price and volume changes in a stock over the past 13 weeks of trading.