ZOOM VIDEO COMMUNICATIONS INC. (ZM) NASDAQ Wednesday, the company reported earnings of 44 cents a share past analysts’ expectation of  11 cents. Zoom’s revenue grew  higher by 169% and beat its own guidance by 64%.

The company was able to bring   everyone across the world for businesses to still conduct business with the current state of the pandemic. Even weddings were conducted over ZOOM VIDEO COMMUNICATIONS INC. (ZM) NASDAQ.

Can this company continue to reach new heights? Absolutely yes because going forward technologies that allow how individuals and businesses communicate.

Eric Yuan founded Zoom in 2011 to deliver happiness and bring teams together to get more done in a frictionless video environment. Zoom’s video-first unified communications platform continues to dramatically transform the way leading global enterprise companies communicate. Under Eric’s leadership, Zoom was one of the highest-performing tech IPOs of 2019. Source: https://zoom.us/team

Prior to founding Zoom, Eric was corporate vice president of engineering at Cisco, where he was responsible for Cisco’s collaboration software development.

Total Revenue   622,658

Cost of Revenue 115,396

Gross Profit 507,262

Top Institutional Holders

Holder   Shares   Date Reported   % Out       Value

Morgan Stanley 12,187,772                     Mar 30, 2020           7.27%       1,780,877,244

Baillie Gifford and Company               7,169,538                         Mar 30, 2020           4.28%       1,047,612,892

Artisan Partners Limited Partnership             6,374,855                         Mar 30, 2020           3.80%       931,493,812

Hillhouse Capital Advisors Ltd.       6,194,437                         Mar 30, 2020           3.70%       905,131,134

Vanguard Group, Inc. (The)                   3,887,247                         Mar 30, 2020           2.32%       568,004,531

Salesforce Com Inc                   2,777,777                         Mar 30, 2020           1.66%       405,888,775

Top Mutual Fund Holders

Holder   Shares   Date Reported   % Out       Value

Morgan Stanley Inst Fd Inc-Growth Port 1,503,441                         Dec 30, 2019             0.90%       102,294,125

Vanguard Total Stock Market Index Fund                           1,281,939                         Dec 30, 2019             0.77%       87,223,129

Artisan Mid-Cap Fund       1,155,668                         Dec 30, 2019             0.69%       78,631,650

Vanguard Mid-Cap Index Fund     1,144,490                         Dec 30, 2019             0.68%       77,871,099

Artisan Global Opportunities Fund                     869,763                                 Dec 30, 2019             0.52%       59,178,674

Growth Fund of America Inc               750,783                                 Dec 30, 2019             0.45%       51,083,275

Vanguard U.S. Growth Fund               627,311                                 Feb 28, 2020             0.37%       65,867,655

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