Zoom Communications Inc Stock Price, News & Analysis

Zoom Video Communications, Inc. (NASDAQ: ZM) will announce its fourth-quarter and full fiscal year 2022 financial results on February 28, 2022, post-market close. A live webinar of the release will take place at 2:00 pm PT / 5:00 pm ET, accessible via Zoom's investor relations website. A replay will be available shortly after.

Founded in 2011 and headquartered in San Jose, California, Zoom provides a frictionless communication platform that is scalable and secure for various users, including large enterprises and individuals.

Zoom Video Communications (NASDAQ: ZM) announces its inaugural Work Transformation Summit on January 19, 2022, aimed at equipping businesses with actionable strategies for the evolving work environment. Key speakers include executives from Walmart, Gallup, and Momentive, alongside Zoom's CEO, Eric S. Yuan. The summit will feature discussions on effectively implementing flexible work models and introduce several platform innovations, such as Zoom Whiteboard and the Video Engagement Center, designed to enhance collaboration and accessibility.

Zoom Video Communications (NASDAQ: ZM) announced that its Meeting Client version 5.6.6 has achieved the Common Criteria Evaluation Assurance Level 2 certification, issued by the German Federal Office for Information Security (BSI). This certification reinforces Zoom's commitment to security, making it the first video communications client to attain this recognition. Common Criteria is a global benchmark in cybersecurity, mutually recognized in over 25 countries. The certification process evaluated various security aspects, showcasing Zoom's integrity in delivering secure communication solutions.

Brundidge & Stanger P.C. has initiated a patent infringement lawsuit against Zoom Video Communications (NASDAQ: ZM) on November 9, 2021. The complaint is valued at hundreds of millions and claims Zoom used Cyph, Inc.'s proprietary End-to-End Encryption technology without compensation from November 2020 to the present. Cyph alleges that Zoom misled clients regarding data security by employing its encrypted technology. Cyph, founded by former SpaceX engineers, emphasizes the significance of its patented security systems in enabling secure communications.

oVice Partners with Zoom for Improved Communication

SAN JOSE, Calif., Dec. 02, 2021 - oVice has announced a partnership with Zoom Video Communications, enhancing user experience by allowing seamless access to Zoom meetings directly from the oVice platform. This collaboration responds to increasing telework trends, with oVice already serving over 10,000 users since its launch. The integration will facilitate easier navigation between multiple Zoom meetings and foster collaboration, supporting hybrid work environments. With a focus on future growth, oVice aims to develop as a 'virtual real estate' company.

Zoom Video Communications reported a strong third quarter for fiscal year 2022, with total revenue reaching $1,050.8 million, up 35% year-over-year. The number of customers generating over $100,000 in trailing twelve-month revenue surged 94%. Operating margins stood at 27.7% (GAAP) and 39.1% (non-GAAP). The company expects fourth quarter revenue between $1.051 billion and $1.053 billion, with full year forecasted revenue of $4.079 billion to $4.081 billion, signaling a potential 54% growth year-over-year.

Zoom Video Communications, Inc. (NASDAQ: ZM) will release its financial results for the third quarter of fiscal year 2022 on November 22, 2021, after market close. A live webinar will follow at 2:00 PM PT / 5:00 PM ET, accessible via Zoom's investor relations website. A replay of the event will be available approximately two hours post-conclusion. Founded in 2011 and based in San Jose, Zoom is a leader in frictionless enterprise communications, enabling connectivity and innovative solutions for businesses and individuals alike.

Zoom Video Communications (NASDAQ: ZM) has been named a Leader in the 2021 Gartner Magic Quadrant for UCaaS, marking its second consecutive year in this position. The report assessed 14 companies in the Unified Communications as a Service (UCaaS) sector and recognized Zoom for its reliability and user-friendly technology, which includes Zoom Meetings, Chat, and Phone.

CEO Eric Yuan expressed gratitude for this recognition, highlighting Zoom's commitment to meeting the growing communication demands of modern workforces.

DTEN announced a strategic investment from Zoom Video Communications (ZM) on October 19, 2021. This investment will enable DTEN to accelerate innovation in its all-in-one collaboration technology, crucial for enhancing Zoom-connected experiences. DTEN has aligned its product design closely with Zoom's engineering to deliver solutions like the DTEN ME, improving video communication for individual users. The partnership has also resulted in new products and services, including DTEN as a Service, and expanded distribution channels in the U.S. and Europe.