ZM - Agora: Exciting New Use Cases Conservative FY2021 Guidance Tempers Expectation
- Agora's stock continued to be highly volatile. It has fallen by 35% from the recent peak at $114/share.
- Nevertheless, the market is beginning to appreciate Agora's RTC technology's immense potential, previously explained in 'Clubhouse is just one of the possibilities'.
- High numbers of developers and start-ups come to Agora to launch their applications, leading to new exciting use cases, one of which steps on Twilio's foot.
- We believe the FY2021 revenue guidance is incredibly conservative. If history tells us anything, Agora is likely to beat by 25%, making the FY2021 revenue over $200M.
- We continue to be very bullish and see many years of growth ahead for the company.
For further details see:
Agora: Exciting New Use Cases, Conservative FY2021 Guidance Tempers Expectation