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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Zoom Video Communications, Inc.    ZM

ZOOM VIDEO COMMUNICATIONS, INC.

(ZM)
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Zoom rolls out hardware subscription service

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07/07/2020 | 10:04am EDT
FILE PHOTO: A student takes classes online with his companions using the Zoom app at home

Zoom Video Communications Inc said on Tuesday it launched a hardware subscription service, seeking to make its teleconferencing app more accessible to users by allowing them to choose subscription options for phones and meeting rooms.

The plans for Zoom Phone have been priced between $5.99 and $60 per month, based on the device users opt for, while the cost for hardware services for Zoom Rooms is in the range of $75 to $200 per month, according to the company's website.

Zoom has partnered with third-party hardware manufacturers such as DTEN, Neat, Poly, and Yealink for the phone and meeting room devices.

The company's teleconferencing platform, which has seen a surge in users as the COVID-19 pandemic forced millions around the world to stay indoors, has faced backlash over privacy and security issues, prompting it to roll out major upgrades.

The launch comes nearly a week after Zoom said it has made significant progress in a transparency report that details information related to requests it receives for data, records, or content, adding that the report will be out later this year.

Zoom on Tuesday also joined a list of major U.S. internet companies, including Facebook Inc, Microsoft Corp and Alphabet Inc's Google, to have suspended processing of requests for user data from Hong Kong authorities while they study the new law.

(Reporting by Akanksha Rana in Bengaluru; editing by Uttaresh.V)

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -3.28% 1487.95 Delayed Quote.11.09%
FACEBOOK 8.17% 253.67 Delayed Quote.23.59%
MICROSOFT CORPORATION 0.54% 205.01 Delayed Quote.30.00%
ZOOM VIDEO COMMUNICATIONS, INC. 1.56% 253.91 Delayed Quote.273.18%
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Financials (USD)
Sales 2021 1 806 M - -
Net income 2021 255 M - -
Net cash 2021 989 M - -
P/E ratio 2021 289x
Yield 2021 -
Capitalization 71 629 M 71 629 M -
EV / Sales 2021 39,1x
EV / Sales 2022 30,9x
Nbr of Employees 2 854
Free-Float 57,1%
Chart ZOOM VIDEO COMMUNICATIONS, INC.
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Zoom Video Communications, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends ZOOM VIDEO COMMUNICATIONS,
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 219,70 $
Last Close Price 253,91 $
Spread / Highest target 18,2%
Spread / Average Target -13,5%
Spread / Lowest Target -54,3%
EPS Revisions
Managers
NameTitle
Eric S. Yuan Chairman, President & Chief Executive Officer
Aparna Bawa COO, Secretary & General Counsel
Kelly S. Steckelberg Chief Financial Officer
Harry D. Moseley Global Chief Information Officer
Sunil Madan Chief Information Officer
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