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.

Day's Change
-2.65 (-0.82%)
B/A Size
Day's High
Day's Low

Today's volume of 693,828 shares is on pace to be much lighter than ZM's 10-day average volume of 3,259,484 shares.


XPeng stock falls toward 4-month low after wider-than-expected loss, while revenue rises fourfold

6:21 am ET March 8, 2021 (MarketWatch)

Shares of XPeng Inc. (XPEV) slumped 3.3% toward a fifth-straight loss and four-month low in premarket trading Monday, after the China-based electric vehicle maker reported a wider-than-expected fourth-quarter loss although revenue beat forecasts, as deliveries increased fourfold. The net loss narrowed to RMB787.4 million ($120.7 million), or RMB1.05 a share, from RMB1.35 billion in the same period a year ago. Excluding nonrecurring items, the adjusted loss per share was RMB95 cents, compared with the FactSet loss consensus of RMB92 cents. Total revenue rose 345.5% to RMB2.85 billion ($437.0 million), beating the FactSet consensus of RMB2.71 billion, as deliveries jumped 302.9% to 12,964 vehicles. For the first quarter, the company said it expects total revenue to rise 531% from a year ago to RMB2.6 billion and deliveries to increase 450% to about 12,500 vehicles. There is currently no FactSet consensus for first-quarter revenue. The stock, which has tumbled 21.0% the past four days, closed Friday at the lowest price since Nov. 4. It has dropped 42.4% over the past three months, shares of China-based rival Nio Inc. (NIO) has lost 18.2% and the S&P 500 has gained 3.8%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com


(END) Dow Jones Newswires

March 08, 2021 06:21 ET (11:21 GMT)

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