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Investing.com - Technology - News Image
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TechnologyNov 26, 2024 08:48 PM

Evercore upgrades Zoom to 'outperform' as its reinvention gains momentum By Investing.com

Investing.com -- Evercore ISI upgraded Zoom Video Communications Inc (NASDAQ:ZM) Inc to "outperform" from "in line" on Tuesday, driven promising growth opportunities in artificial intelligence and new product lines, strong operational execution, a bottoming out of churn rates. Zoom's most recent quarter showcased record-low online churn at 2.7% and a steady enterprise net retention rate of 98%. Growth in large accounts was notable, with customers generating over $100,000 in annual revenue risin ...Read More >

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