Zoom Video Communications (ZM) - ZM got a vote of confidence after a top industry analyst lauded the videoconferencing company as a "port" in the coronavirus "storm" for investors.
Shares of Zoom have wavered on Wednesday, trading up as much as 3.9% and off as much as 1.4%. At last check they were little changed at $107.06.
Average daily downloads at Zoom shot up 90% in the past 30 days compared with the prior month. Companies, increasingly anxious about the spread of the coronavirus, have pulled back on face-to-face meetings, Bernstein analyst Zane Chrane noted.https://www.thestreet.com/technology/zoom-video-is-port-in-the-coronavirus-storm-bernstein-says?puc=yahoo&cm_ven=YAHOO&yptr=yahoo