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ZOOM VIDEO COMMUNICATIONS, INC.

(ZM)
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Zoom Video Communications : Named a Leader in 2021 Gartner« Magic Quadrant™ for Unified Communications as a Service

10/20/2021 | 01:00pm EST

SAN JOSE, Calif., Oct. 20, 2021 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ: ZM), today announced that analyst firm Gartner has named Zoom a Leader in the 2021 Magic Quadrant for UCaaS. This is the second time Zoom has been named in the Gartner Magic Quadrant for UCaaS (2020 was the first year that Zoom was recognized) and its second consecutive time as a Leader.

The report analyzed 14 companies in the UCaaS space, naming Zoom as a Leader.

“We are honored that Gartner has named Zoom a Leader in the Magic Quadrant for UCaaS for the second straight year,” said Eric S. Yuan, CEO of Zoom. “Zoom is committed to providing frictionless, reliable, and secure technology to empower modern, distributed workforces, and we believe we were recognized due to the convenience and accessibility of our UCaaS solutions, including Zoom Meetings, Zoom Chat, and Zoom Phone. We will continue to work hard to meet current and emerging communication demands and deliver happiness to all of our global customers.”

To read a complimentary copy of the 2021 Gartner Magic Quadrant for UCaaS report, please visit zoom.us/gartner.

Disclaimer:

Gartner, Magic Quadrant for Unified Communications as a Service, Worldwide, Rafael Benitez, Megan Fernandez, Daniel O'Connell, Christopher Trueman, Pankil Sheth, 18 October 2021 – For Magic Quadrant for Unified Communications as a Service, Worldwide report

Gartner and Magic Quadrant are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

Gartner does not endorse any vendor, product, or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Zoom
Zoom is for you. We help you express ideas, connect to others, and build toward a future limited only by your imagination. Our frictionless communications platform is the only one that started with video as its foundation, and we have set the standard for innovation ever since. That is why we are an intuitive, scalable, and secure choice for large enterprises, small businesses, and individuals alike. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Visit zoom.com and follow @zoom.

Zoom Press Relations:
Beth McLaughlin
PR Specialist
press@zoom.us


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Source: Zoom Video Communications, Inc.

2021 GlobeNewswire, Inc., source Press Releases

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Analyst Recommendations on ZOOM VIDEO COMMUNICATIONS, INC.
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Financials (USD)
Sales 2022 4 082 M - -
Net income 2022 1 077 M - -
Net cash 2022 2 932 M - -
P/E ratio 2022 61,9x
Yield 2022 -
Capitalization 65 621 M 65 621 M -
EV / Sales 2022 15,4x
EV / Sales 2023 12,9x
Nbr of Employees 3 871
Free-Float 70,2%
Chart ZOOM VIDEO COMMUNICATIONS, INC.
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Technical analysis trends ZOOM VIDEO COMMUNICATIONS, INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 29
Last Close Price 220,21 $
Average target price 306,13 $
Spread / Average Target 39,0%
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Managers and Directors
Eric S. Yuan Chairman, President & Chief Executive Officer
Kelly S. Steckelberg Chief Financial Officer
Harry D. Moseley Global Chief Information Officer
Brendan Ittelson Chief Technology Officer
Aparna Bawa COO, Chief Legal Officer & Secretary
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