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Fly News Breaks for July 12, 2019
ZM
Jul 12, 2019 | 09:27 EDT
William Blair analyst Bhavan Suri says he left meeting with Zoom Video Communications' head of investor relations with reinforced confidence in the company's positioning and ability to continue gaining share in the market. Zoom is benefiting from a secular shift to video communications, which is still in the "early innings," Suri tells investors in a research note. He believes Zoom's "robust" growth and "best-in-class" operating metrics should continue "for years to come." The analyst keeps an Outperform rating on the shares.