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 April 28 (Reuters) - Zoom Video Communications Inc said on Tuesday it has started using Oracle Corp’s 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 and Microsoft that have greater market share, and is selling a new generation of cloud technology after its first generation efforts failed to gain tractio
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ZM
News
- Zoom Communications (NASDAQ:ZM) was upgraded by analysts at Citigroup Inc. from a "neutral" rating to a "buy" rating. They now have a $106.00 price target on the stock.MarketBeat
- Zoom reinforces commitment to AI literacy with national student learning experienceGlobeNewswire
- Zoom Opens Nominations for First U.S. Solopreneur 50 List, Recognizing AI-First Solo Business LeadersGlobeNewswire
- Zoom Communications (NASDAQ:ZM) had its "neutral" rating reaffirmed by analysts at Piper Sandler.MarketBeat
- Zoom Communications (NASDAQ:ZM) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating.MarketBeat
ZM
Earnings
- 11/24/25 - Beat
ZM
Sec Filings
- 1/16/26 - Form 144
- 1/15/26 - Form 4
- 1/14/26 - Form 4
- ZM's page on the SEC website