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Perhaps many smaller entities used ZM as a temporary fix during the pandemic and were not quite prepared to make a long-term transition to video conferencing. The difference between enterprise customers and the rest of its revenue base is that ZM also has an “online business” which refers to customers using the product on an individual basis. What’s more, ZM continues to add enterprise customers, generating 18% growth year over year and reporting a 120% net dollar expansion rate. On the other hand, enterprise revenue grew 27% to $599 million. #What is a zoom phone full#The latest quarter saw just 8% year over year growth - reflecting the full extent of the pull-forward in financial results experienced during the pandemic. Alongside falling consensus estimates, the multiple contraction has proven too steep, offering opportunistic investor an attractive buying opportunity. That proved to be too early, as the stock has fallen 70% since then. I last covered ZM in October of 2021 where I rated the stock a buy in spite of the failed Five9 ( FIVN) acquisition. The stock has since cratered over 80% and now trades lower than it did in 2019 in spite of increasing its top-line by over 5x over that time period. ZM peaked at nearly $600 per share in late 2020 as the business benefited disproportionately from the pandemic. ZM is a strong buy for those looking to invest in a tech recovery. What used to be a poster-child bubble stock is now suddenly trading at 20x earnings with a strong balance sheet. Yet has the selloff been overdone? I am of that opinion - while the steep deceleration in growth rates since the pandemic does justify multiple compression, ZM has emerged as a highly profitable company still benefiting from secular growth tailwinds. To request a supported ZOOM phone device please create a request here.The Zoom ( NASDAQ: ZM) bubble has popped - that much has been made clear after the brutal crash from all-time highs. #What is a zoom phone download#To request a firmware download for your current Cisco phone please create a request here. At the time an end of life announcement is announced by Cisco, a physical ZOOM phone device will need to be requested and paid for by the department if a physical device is still required. After the new firmware is downloaded and registered with ZOOM phone the Cisco device will be supported until the Cisco device is announced end of life by Cisco. This is a one-time fee from Cisco associated with downloading the new firmware.
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