CORRECTED-Oracle wins cloud computing deal with Zoom as video calls surge [Reuters]
Zoom Video Communications, Inc. - Class A (ZM)
Last zoom video communications, inc. - class a earnings: 3/4 04:20 pm
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Source: Reuters
Oracle wins cloud computing deal with Zoom as video calls surge (Reuters) - Zoom Video Communications Inc ( ZM.O ) said on Tuesday it has started using Oracle Corp’s ( ORCL.N ) cloud computing service to help handle the surge in online video call volumes brought on by the novel coronavirus pandemic. As corporations and schools shift to remote work and billions of people subject to stay-at-home orders seek ways to remain connected, Zoom has seen daily meeting participants rocket from 10 million in December to 300 million. But it has also experienced a backlash as the increased use exposed privacy and security flaws. Zoom set out a 90-day plan to fix the security issues, but in the meantime, the thirty-fold jump in traffic has required more computing power. The deal is a big win for Oracle, which wants to catch up with rivals such as Amazon.com ( AMZN.O ) and Microsoft ( MSFT.O ) that have greater market share, and is selling a new generation of cloud technology after its first
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High impacting Zoom Video Communications, Inc. - Class A news events
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ZM
News
- Zoom Communications (NASDAQ:ZM) was upgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "hold (c+)" rating to a "buy (b-)" rating.MarketBeat
- "The Next Verse" Global Music Movement Invites the World to Add Their Voice and Help End HungerPR Newswire
- Zoom Communications (NASDAQ:ZM) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Zoom Communications (NASDAQ:ZM) had its price target raised by analysts at JPMorgan Chase & Co. from $85.00 to $90.00. They now have a "neutral" rating on the stock.MarketBeat
- Zoom Communications (NASDAQ:ZM) had its "outperform" rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $100.00 price target on the stock.MarketBeat
ZM
Earnings
- 11/24/25 - Beat
ZM
Sec Filings
- 12/4/25 - Form 4
- 11/25/25 - Form 10-Q
- 11/24/25 - Form 8-K
- ZM's page on the SEC website