Zoom reported its Q3 financial results on November 21. Solvvy is a private tech company specializing in customer support automation, adding customer service capabilities to Zoom plus conversational AI capabilities. On May 19, 2022, Zoom acquired Solvvy, Inc., for $121.2m in cash. The company operates 27 data centers around the world, and its public cloud allows it to deliver high-quality, high-definition video to its customers, even in low-bandwidth situations. Zoom (ZM) provides a platform that enables people in various industries, including education, finance, government, and healthcare, to connect through voice, chat, content sharing, and video. Since then, its popularity has waned, but many businesses still favor its easy-to-use communications tools. Zoom and ZM stock soared in popularity during the work-from-home boom of the pandemic. Founded in 2011, Zoom is publicly traded (NASDAQ: ZM) and headquartered in San Jose, California. Zoom Video Communications serves customers worldwide, offering an intuitive, scalable, and secure choice for large enterprises, small businesses, and individuals alike. The company offers an easy-to-use communication platform and solutions for video meetings, phone calls, whiteboarding, and annotation for users to connect with anyone from anywhere.

Zoom Video Communications operates as a communications technology company. It offers a space where you can connect to others, share ideas, make plans, and build toward a future limited only by your imagination.

Will that be enough to bring decent shareholder returns to those retail investors getting in now? What Is Zoom Video Communications? The investment firm's ZM investment thesis is based on the belief that Zoom's enterprise customers will make up most of its business by the end of 2026. But forward guidance disappointed, while stock-based compensation and marketing spend raised concern.Ĭathie Wood's ARK Invest remains a fan of Zoom stock. Headline numbers were encouraging, with sales and earnings beating Wall Street targets.

Zoom Video Communications ( NASDAQ: ZM) reported its Q3 earnings report this week, with the ZM share price falling -3.8% on the day.

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