Zoom Communications, Inc. Class A Common Stock
ZMZoom Communications, Inc. Class A (ZM) is a technology company known for its videoconferencing platform, which enables online meetings, webinars, and collaboration across organizations worldwide. Founded in 2011, Zoom has become a leading provider of remote communication solutions, especially prominent during the shift towards virtual work environments. The company offers a range of video, voice, and chat tools designed for businesses, educational institutions, and individual users.
Company News
Zoom reported quarterly financial results that positively impacted its stock price, though the company is still working to convince investors of its continued success post-pandemic.
U.S. stock futures declined on Tuesday following Monday's gains, with key focus on earnings reports from tech and computer companies. The market anticipates potential Federal Reserve interest rate cuts and remains optimistic about AI-driven productivity.
Jabra introduces a new touchscreen scheduling panel that helps organizations manage meeting room bookings, reduce conflicts, and optimize space utilization across Microsoft Teams and Zoom Rooms platforms.
Markets await Federal Reserve Chair Jerome Powell's speech at Jackson Hole symposium, which could significantly impact rate cut expectations and stock market performance. Investors are cautious about potential signals regarding future monetary policy.
Zoom Video Communications (ZM) stock closed lower, underperforming the broader market. The company is expected to report earnings on August 21, 2024, with projected EPS of $1.21, down 9.7% year-over-year, and revenue of $1.15 billion, up 0.85% year-over-year.
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