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
-2.29 (-0.71%)
B/A Size
Day's High
Day's Low

Today's volume of 680,016 shares is on pace to be much lighter than ZM's 10-day average volume of 3,259,484 shares.


Tesla, Nio stocks bounce after upbeat China car sales data

6:51 am ET March 9, 2021 (MarketWatch)

Shares of Tesla Inc. (TSLA) bounced 5.6% in premarket trading Tuesday, after tumbling 21.6% amid a five-day losing streak through Monday, after upbeat car sales data out of China. The China Passenger Car Association said electric vehicle sales in February rose more than sevenfold from a year ago (http://www.marketwatch.com/story/chinas-car-sales-surged-in-february-2021-03-08) while falling 38% from January, to 97,000 EVs. Tesla sold 18,318 EVs in February, which Wedbush analyst Dan Ives said is up 18% form January and puts Tesla's China-based sales "on a strong trajectory" into March. "Considering the Lunar New Year in China, which took up a portion of February, we would characterize these February results as quite impressive and ahead of Street expectations," Ives wrote. He kept his stock price target at $950 and rating at neutral. Separately, shares of China-based EV maker Nio Inc. (NIO) rallied 5.9% ahead of the open, after plunging 29.2% amid a five-day losing streak through Monday, which followed a 19.7% drop in February. Among other China-based EV makers, shares of XPeng Inc. (XPEV) jumped 6.3% and Li Auto Inc. (LI) climbed 5.6%. The stocks' rallies comes as futures for the S&P 500 gained 1.1% ahead of the open.

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


(END) Dow Jones Newswires

March 09, 2021 06:51 ET (11:51 GMT)

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