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.

Day's Change
-1.09 (-0.34%)
B/A Size
Day's High
Day's Low
(Below Average)

Today's volume of 655,569 shares is on pace to be lower than ZM's 10-day average volume of 3,259,484 shares.


Nio's sales top $2 billion in 'transformational' year

6:02 pm ET March 1, 2021 (MarketWatch)

By Claudia Assis

Nio guides for first-quarter sales of up to 25,000 vehicles

Nio Inc.'s American depositary receipts fell more than 3% in the extended session Monday after the China-based electric-car maker reported mixed fourth-quarter results and said revenue for a "transformational" 2020 topped $2 billion.

Nio (NIO) said it lost RMB1.39 billion ($212.8 million) in the quarter, or 16 cents per ADR, compared with a loss of RMB2.8 billion in the year-ago period. Excluding one-time items, Nio lost $203.6 million, or 14 cents a share.

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Fourth-quarter revenue jumped 133% to $1.02 billion, the company said. Revenue for the full-year 2020 rose 108% to $2.49 billion, Nio said.

Analysts polled by FactSet had expected a quarterly loss of 6 cents per ADR on sales of $1.025 billion.

Nio said it delivered 17,353 vehicles in the quarter, including 7,574 of its mid-size SUV, the ES6. That compares with 8,224 vehicles in the fourth quarter of 2019.

For the full-year 2020, it delivered 43,728 vehicles, from 20,565 vehicles in 2019.

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Fourth-quarter deliveries were a record for the company and concluded "a transformational 2020," founder and Chief Executive William Li said in a statement. That momentum has continued into 2021, he said.

The company guided for the delivery of about 20,000 to 20,500 vehicles in the first quarter, which would be an increase between 15% and 18% from the fourth quarter's deliveries. It guided for revenue between $1.13 billion and $1.16 billion for the quarter.

Shares of Nio ended the regular trading day up nearly 9%. For the past 12 months, the stock has gained 1,100%, compared with 32% for the S&P 500 index .

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com


(END) Dow Jones Newswires

March 01, 2021 18:02 ET (23:02 GMT)

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