Zoom Video Communications Inc
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ZM Zoom Video Communications Inc
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Information Technology : Software | Large Cap Growth
Company profile

Zoom Video Communications, Inc. is a provider of video-first communication platform and Web conferencing services. It offers cloud-native platform, which unifies cloud video conferencing, online meetings, group messaging and a software-based conference room system, which enables users to easily experience Zoom Meetings in their physical meeting spaces. Its solution offers video, audio and screen-sharing experience across Windows, Mac, Linux, Android, BlackBerry, Zoom Rooms and H.323/Session Initiation Protocol room systems, such as Polycom and Cisco Tandberg. Its solutions include Meetings, Premium Audio, Business Instant Messaging (IM), Video Webinar, Zoom Rooms, H.323/SIP Connector and Developer Platform. Its cloud video conferencing solutions include full screen and gallery view, and dual stream for dual screen. Its security solutions include secure socket layer (SSL) encryption and role-based access control. It offers its solutions to education, finance and government sectors.

Price
Delayed
$261.69
Day's Change
0.69 (0.26%)
Bid
--
Ask
--
B/A Size
--
Day's High
266.45
Day's Low
259.41
Volume
(Above Average)

Today's volume of 3,761,990 shares is on pace to be greater than ZM's 10-day average volume of 9,380,584 shares.

3,761,990

Coty expects 20% Q3 revenue decline despite Amazon demand, will start making hand sanitizer due to coronavirus

7:30 am ET March 20, 2020 (MarketWatch)
Print

Coty Inc. (COTY) said Friday that it expects fiscal third-quarter revenue to fall 20% due to the coronavirus outbreak, with profit expected to take a "meaningful impact." The FactSet consensus is for revenue of $1.85 billion, implying a 7.4% year-over-year decline. Among the financial measures the company is taking to manage the pandemic, it is recommending to the board that shareholders receive 100% of their dividend in kind for the next two quarters, and JAB, the company's largest shareholder, is paying off the loan it took for the 2019 tender offer in full. A JAB affiliate, Cottage Holdco B.V., holds 60.7% of Coty shares. The company has withdrawn its fiscal 2020 guidance. The beauty company is ramping up its e-commerce focus in the wake of the coronavirus outbreak and as demand for its products on Amazon.com Inc. (AMZN) has nearly doubled in the U.S. in recent weeks. The beauty company is also preparing for a demand increase in Asia post-coronavirus. In Europe, Coty is readying the launch of Kylie Cosmetics. And Coty plans to start manufacturing and supplying emergency services with hand sanitizer. Coty stock is up 5.7% in Friday premarket trading, but down 64.7% over the last 12 months. The S&P 500 index has fallen 4.7% over the past year.

-Tonya Garcia; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

March 20, 2020 07:30 ET (11:30 GMT)

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