zoom - Tech News from Simmons Systems (Page 5)

Tech News from Simmons Systems

zoom

A collection of 72 posts

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Remote Work Platforms Surge in Popularity Amid Global Pandemic

Video conferencing and collaboration tools like Microsoft Teams, Slack, and Zoom experience massive user growth as the coronavirus outbreak forces millions to work from home.

Major Tech Companies Step Up to Fill Gaps Amid COVID-19 Crisis

As the COVID-19 pandemic disrupts daily life and major tech conferences, big technology companies are stepping in to provide critical medical supplies and remote work tools.

Zoom Surpasses Earnings Expectations Amid Coronavirus-Driven Remote Work Surge

Zoom reports impressive fourth-quarter earnings and strong forward guidance as demand for remote work tools skyrocket during the coronavirus outbreak. Despite beating analyst estimates, the company's stock initially drops in after-hours trading.

Apple Silently Patches Zoom Mac Vulnerability Without User Action

Apple automatically pushes a silent update to Macs that removes a hidden Zoom web server capable of activating user cameras without permission.

Zoom Patches Mac Web Server Flaw That Enabled Secret Camera Activation

Zoom releases a patch for its Mac client to remove a hidden web server that allows websites to force users into video calls without permission. The vulnerability, which remains active even after uninstalling the app, affects over four million Mac users.

Zoom Crushes Expectations In Debut Earnings Report As Stock Surges

Zoom easily beats analyst predictions in its first earnings report since going public, posting $122 million in revenue. The profitable video communications company also raises its financial guidance for the full year.

Profitable Videoconferencing Firm Zoom Surges 72% In Nasdaq Debut

Zoom kicks off its first day of trading on the Nasdaq with a massive 72% stock jump, reaching a $15.9 billion market value. The videoconferencing company stands out in the 2019 IPO class by actually turning a profit.

Video Conferencing Firm Zoom Prices IPO Above Range Reaching $9B Valuation

Zoom prices its initial public offering above expectations at $36 per share, giving the profitable video conferencing company a $9 billion market cap. The strong demand highlights investor appetite for a rare tech unicorn that boasts rapid revenue growth and shrinking losses.

Profitable Video Conferencer Zoom Nears IPO Amid CFO Scrutiny

Zoom sets its IPO price range between $28 and $32 per share, targeting a fully diluted market value of $8.7 billion. The company's CEO publicly addresses an anonymous tip regarding the CFO's past workplace conduct but confirms she will remain in her role.

Video Conferencing Firm Zoom Targets April IPO After Confidential SEC Filing

Zoom plans to file its public S-1 by late March and potentially debut on the stock market as soon as April. The highly valued company looks to build on its rapid growth and top-rated CEO reputation.