Zoom Video Communications, Inc. Stocks Forecast

Zoom Video Communications, Inc.: Company Information

Zoom Video Communications is called the international leader in providing remote video conferencing services using cloud computing for enterprises and organizations.

Zoom Video was founded in 2011 by Cisco Systems’ lead engineer Eric Yuan. The public company became in April 2019, as of 11/15/2019, the market capitalization was $ 18.32 billion.

A feature of the company’s product is its integration and communication with many programs and applications for teamwork: Slack, Salesforce, Workplace, Skype for Business, Microsoft Teams and many others.

The cloud platform provides a high level of privacy protection, the ability to save and work with recording video calls or video conferencing. These advantages allowed Zoom Video to get tens of thousands of customers and, most importantly, numerous large companies (more than 50% of Fortune 500 customers). According to the data provided on September 5, 2019, 466 large customers brought the company more than $ 100,000 in annual revenue.