Zoom is experiencing a new day of strong stock market rises. The actions of the video calls 'app' advanced more than 5% this Wednesday after presenting results well above the expectations of the consensus.
He has declared an income of 328 million dollars, 62% above what the consensus estimated, which had calculated around 203 million. These figures have a lot to thank for the coronavirus.
"The pandemic has focused on Zoom and has become a well-known brand, both professionally and in a personal capacity. Company closings have led people to work and socialize from home, "explains David Madden, analyst at CMC Markets
Although the coronavirus effect could soon wear off, "people will have more freedom, so the group could see a drop in demand," says Madden. However, this does not seem to happen in the near future, most experts bet that telecommuting is here to stay, including Madden himself.
"There is likely to be a greater focus on working from home, so Zoom services are likely to see an increase in demand in the coming years," says the expert.