Zoom Video Communications warned on Monday its gross margins would remain under pressure going into 2021 as the surging number of free users makes it hard to offset a spike in costs.
Browsing: Zoom
Technology and Internet stocks have been among the standout performers in 2020, but the scale of their advance has underlined concerns over valuation.
Zoom’s remarkable share price surge in 2020 took a huge hit on Monday after Pfizer said the Covid-19 vaccine it’s developing prevented more than 90% of infections in a study.
Cisco’s video-conferencing app Webex clocked 590 million participants in September and is on track to record over 600 million this month, nearly double the numbers recorded in March.
Zoom Video Communications said on Wednesday that it’s rolling out a promised end-to-end encryption feature to secure user meetings and announced a raft of new products.
Zoom has added two-factor authentication as a new layer of security for the video conferencing app.
The latest additions to China’s list of controlled technology exports could upset a broad range of industries and raise the possibility that some global tech giants might have to split off their Chinese operations.
Analysts raised price targets for Zoom Video Communications on Tuesday as its shares hit a record high, while warning that a return to office work could hamper its success.
In just a few hours, Zoom Video Communications CEO Eric Yuan got $4.2-billion richer after shares of his virtual-meeting company surged as much as 26% to $410 in late US trading.
Looking for a new way to communicate during the pandemic? A Los Angeles company has created phone booth-sized machines to beam live holograms into your living room.