Very interesting, thank you!
“And now, Mr. Iger has effectively returned to running the company. After a few weeks of letting Mr. Chapek take charge, Mr. Iger smoothly reasserted control, BlueJeans video call by BlueJeans video call. (Disney does not use Zoom for its meetings for security reasons.)”
Source - NYT [On :freetrade:] Disney - DIS 🐭
Shares of Zoom Video Communications Inc. continued their rebound Tuesday after Cantor Fitzgerald analyst Drew Kootman chimed in with a bullish view of the stock.
“We believe the current COVID-19 environment presents significant upside potential not currently assumed in the stock,” wrote Kootman, who initiated coverage of the shares with an overweight rating and $150 target.
Zoom’s stock US:ZM gained 4.4% in Tuesday’s session, making for a roughly 25% rally over the past four trading days following a rough stretch earlier in April as criticism over the company’s privacy and security policies pressured the shares.
“We note we do not expect a material impact from recent privacy/security issues as we believe the company is taking appropriate steps to improve the problem,” Kootman wrote. He’s upbeat that Zoom will be able to keep picking up share, grow its margins, and cross-sell its various products, in part due to what Kootman sees as “its superior tech, high-quality platform and its growing ecosystem.”
There’re two zero days out in the wild for Zoom apps @Ian - one for MacOS and one for Windows. The former is not as serious. Both may have a short shelf life.
How do you update WebRTC? You disable it, to be on the safe side.
Standard Chartered bank
Great news… You would have thought that the security services checked the security?
ZOOM INVESTOR ALERT: Labaton Sucharow LLP Files Securities Class Action Lawsuit Against Zoom Video Communications, Inc. and Certain Executives and Encourages Investors to Contact the Firm (Ticker: ZM)
300 Million daily users.
There was me hoping for $200- by the end of the year…! Might come a little sooner! Think I’ll take some out if it hits my target.
Google hang outs is pretty much exactly analogous and is free. I am extremely curious why zoom took off so hard.
Most of the corporates I know are using teams by the way.
The video quality of Hangouts isn’t great.
That and you can only have 25 video callers per meeting is quite a big restriction! You would struggle if you have a medium/large size company.
So, Zoom rolled out a security update over the weekend that will provide stronger encryption for video calls to its paying customers.
While some organizations, such as schools, will also receive these security features, most non-paying users will not.
It’s a great strategy for improving monetisation, and a great move just before the earnings call, which is today, 2nd June 22:30.
“The US company’s revenue soared by 169 per cent to $328m in the three months to the end of April, as employers around the world signed on as customers to cope with an enforced move by most of their staff to working from home.”
We are switching from BlueJeans to Zoom at work this week. Interestingly, although Zoom is more expensive on published prices, they did a deal to make sure that they are cheaper than what we already had. I think their sales team is being quite aggressive at the moment.
I had to come on here to check it wasnt a glitch in my freetrade account lol… great results on this stock today!
the Bullish Report on Zoom Video Communications, Inc.
Wimi will become Chinese Zoom.
The company has made a handsome profit this year.