Name of opportunity: 👀
Zoom Video Communications Inc
Smart new features: 🧠
Zoom got analysts excited earlier this year when the company announced that it would be introducing new AI functionality into its video conferencing product, including a tool that can summarise what has been said in the meeting so far for latecomers.
Yesterday, the roll out of Zoom Docs was announced - it allows people to work together in shared documents from within video calls as well as outside of meetings. Users can use the suite of tools to generate text, turn information into a table, or make a wiki, among other tasks. It also has a project management element, allowing users to track the progress of certain tasks. All in all, this gives Zoom much wider functionality, turning it into something a bit more like Slack, the popular workplace communication software.
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of Zoom Video Communications Inc will increase from $55.84 to $75.48 in the next 12 months. If you invested $1000, you might profit $351.69. One reason for this could be the release of Zoom Docs, as well as other software under the Zoom Workplace umbrella.
Zoom’s most recent earnings, in April earlier this year, showed a year-on-year total revenue increase of 3%. These earnings for the first quarter of the financial year 2025 also showed that Zoom’s free cash flow had increased by 44% over the year too. As of that time, Zoom said 700,000 users were already using Zoom’s AI Companion tool, demonstrating a real appetite for these tools - this suggests that Zoom Docs may also be popular, as well as other products in the Zoom Workplace toolkit.
Can you jump on for a quick call?: 💻
Zoom became a household name during the days of the pandemic, when it quickly became the video call platform of choice for many organisations and businesses, as well as individuals and families. The Zoom mobile app was the fifth most downloaded app in 2020. The company was founded in 2011. In 2023, it made cuts, making about 1,300 employees redundant, and dropped out of the NASDAQ-100. But could Zoom be making a comeback?
Which neme?: 🔍
‘Saas & Cloud Computing’
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