Coronavirus Fears Flooded Zoom With New Customers, Analyst Says
The continued spread of the coronavirus has proven problematic for many companies, particularly if they rely on China for supplies, customers, or both. Not every name has been disadvantaged by the disease, though. Some organizations have benefited from it, in fact. On example is Zoom Video Communications (NASDAQ: ZM), which may have already added more users this year than it did during all of 2019.
That's the conclusion from Bernstein analyst Zane Chrane anyway, who estimates the video conferencing service provider added 2.22 million users in just the first couple of months of 2020 versus the 1.99 million users added over the course of last year. Zoom doesn't offer information regarding the size or habits of its customer base, but if Chrane's assumption of 2.22 million new users is on target, the organization provides video conferencing service for 12.92 million people at least once per month.
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Source Fool.com
