“Just got an email from a prof: ‘As a reminder, you are required to wear clothes during Zoom meetings.’ Rules are made when they become necessary, not before,” one Twitter user quipped to more than 84,000 likes. Zoom isn’t just a focus for Wall Street, either. Last Wednesday, the company reported an earnings beat and year-to-year revenue growth of 78%, GAAP operating margins of 5.6% and non-GAAP earnings per share nearly double analyst consensus - and still saw shares dip, though they remained up 24% for the past month as of Thursday’s market close, versus a 27% drop for the S&P 500.
But few are as richly valued as Zoom, whose shares are up 77% since it went public in April 2019, making Yuan a billionaire. Analysts point to others like file-sharing service Dropbox, e-signatures business DocuSign and emergency communications business Everbridge as obvious fellow cloud companies that will likely see a boost in usage as the world moves even more online. Zoom is far from the only tool standing to benefit from this trend.
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