Wall Street Awaits Zoom’s Next Boom
  • 3 years ago
Zoom Video Communications ($ZM@US) has seen its COVID-19 video conferencing boom cool off with lower-than-expected growth for the 2nd quarter. As a result, the company is looking to cultivate business contracts—a market sector dominated by Cisco ($CSCO@US), Slack, and Teams. Additionally, the Zoom Phone, currently boasting 400,000 customers, is the next technology that should boom for the firm. As investors await a “2nd act,” earnings per share are estimated at $1.16, and ZM stock is trading near $350 per share.
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