Zoom helps businesses and organizations bring their teams together in a frictionless environment to get more done.
Zoom Video Communications is a company headquartered in San Jose, California that provides remote conferencing services using cloud computing. Zoom offers communications software that combines video conferencing, online meetings, chat, and mobile collaboration.
Zoom Meetings, Zoom Premium Audio, Zoom Business IM, Zoom Video Webinar, Zoom Rooms, Zoom H.323/SIP Connector, Zoom Developer Platform
Despite the sustenance of its performance quarter on quarter, Zoom remains cautious and refused to give a forecast for the 2024 fiscal year as it continues to battle unique headwinds that have continued to weigh down on its operations.
As the inflation data showed some relief, innovation stocks rallied hard pushing up the ARKK Innovation ETF to its biggest single-day gains.
In announcing the fiscal Q2 results that led to the shares decline, Zoom also lowered its fiscal FY 2023 projections.