MrMrsBean
2021-08-30
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Wall Street awaits Zoom's next act as pandemic boom cools
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Thx","highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/811227896","repostId":2163886771,"repostType":4,"repost":{"id":"2163886771","kind":"news","pubTimestamp":1630327980,"share":"https://www.laohu8.com/m/news/2163886771?lang=&edition=full","pubTime":"2021-08-30 20:53","market":"us","language":"en","title":"Wall Street awaits Zoom's next act as pandemic boom cools","url":"https://stock-news.laohu8.com/highlight/detail?id=2163886771","media":"StreetInsider","summary":"(Reuters) - When stay-at-home favorite Zoom reports quarterly results on Monday, Wall Street will lo","content":"<p>(Reuters) - When stay-at-home favorite <a href=\"https://laohu8.com/S/ZM\">Zoom</a> reports quarterly results on Monday, Wall Street will look for details on how the video conferencing platform plans to attract more users as its meteoric growth brakes to its slowest rate since going public.</p>\n<p>Zoom's revenue growth has been decelerating as the economy slowly reopens, users complain of \"Zoom-fatigue\" and as vaccinated people return to school and offices.</p>\n<p>Zoom's revenue growth slows https://graphics.reuters.com/ZOOM-RESULTS/zdpxoojmevx/index.html</p>\n<p>Wall Street analysts expect revenue to grow only 49% in the to-be-reported quarter, compared with multiple-fold growth rates in the past year.</p>\n<p>Zoom raked in millions of new users as the pandemic forced more people to work, study and communicate with friends and family remotely.</p>\n<p>The company is now looking to win bigger contracts from businesses, an area dominated by rivals like Cisco, Microsoft's Teams and <a href=\"https://laohu8.com/S/CRM\">Salesforce</a>'s Slack.</p>\n<p>\"Long term, we expect Zoom will grow into a broader enterprise communication and collaboration platform,\" said Rishi Jaluria, RBC Capital Markets analyst.</p>\n<p>THE CONTEXT</p>\n<p>\"The company's 'Act 2.0' is Zoom Phone,\" Piper Sandler analyst James Fish said. \"We're seeing a massive acceleration in on-premise to cloud-based voice solutions, which favors vendors like Zoom.\"</p>\n<p>Zoom Phone is a cloud-based phone system, which allows users to make calls across devices and help businesses manage activities like queuing and recording calls in-house. It has more than 400,000 customers.</p>\n<p>Over the last two months, Zoom has said it would buy Kites GmbH, a firm that helps in real-time language translation and announced its largest deal - a $14.7 billion buyout of cloud-based call-center software provider Five9 to double down on the service.</p>\n<p>\"The enterprise side of the market is only 15% migrated to cloud phones,\" says Needham analyst Ryan Koontz.</p>\n<p>However, Zoom faces a two-pronged challenge with fierce competition from Cisco, Microsoft and Salesforce and the post-pandemic weakening in user traffic growth, although a hybrid working world is likely to keep demand up.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street awaits Zoom's next act as pandemic boom cools</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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It has more than 400,000 customers.\nOver the last two months, Zoom has said it would buy Kites GmbH, a firm that helps in real-time language translation and announced its largest deal - a $14.7 billion buyout of cloud-based call-center software provider Five9 to double down on the service.\n\"The enterprise side of the market is only 15% migrated to cloud phones,\" says Needham analyst Ryan Koontz.\nHowever, Zoom faces a two-pronged challenge with fierce competition from Cisco, Microsoft and Salesforce and the post-pandemic weakening in user traffic growth, although a hybrid working world is likely to keep demand up.","news_type":1},"isVote":1,"tweetType":1,"viewCount":262,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":24,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/811227896"}
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