3 Growing Stocks That Can Make You Rich In March - Zoom Video Communications

1- Zoom Video Communications

Rarely are companies benefiting from the unprecedented coronavirus pandemic (COVID-19) as much as cloud-based web conferencing company Zoom Video Communications (NASDAQ: ZM). With physical workplaces shutting down completely or partially, teleworking and teleconferencing have now become the norm. It will likely continue to be a common practice after the pandemic is over. To put into context how surprising Zoom Video was in 2020, it is enough to compare the company's original full-year sales before the outbreak with the results it delivered at the end of the third quarter. Initially, Zoom was looking for a $ 910 million midpoint in 2020 sales.

The target for the whole year is 2.58 billion dollars, far beyond expectations.

Zoom is currently the most dominant US Web conferencing platform, with its annual earnings purely from organic growth nearly tripling. Also, at the end of September, Zoom Video nearly doubled the number of customers compared to the same period of the previous year. And when we look at revenues for the last 12 months, the number of customers that generated $ 100,000 or more has likewise doubled. (+ 136%).

The Zoom Video platform has its use in businesses of all sizes.

According to Statista and Datanzyne data, Zoom was used in almost 43 percent of all web conferences in the US as of April 2020. That's more than double GoToWebinar's 18.8 percent share and well beyond 11.2 percent of Cisco Systems' WebEx. The fact that Eric Yuan, Founding CEO of Zoom Video Communications, owns more than 43.2 million shares in the company may give you one more reason to love the company. (about 21 percent of uncollected shares). When leaders have a stake in the company they lead, good things often happen to shareholders.   3 Growing Stocks That Can Make You Rich In March - Zoom Video Communications Source: https://www.fool.com/ You may also be interested in:

3 Great Stocks for Investors Seeking Low Risk - Generac Holdings