Needham analyst Ryan Koontz reiterated a Hold rating on Zoom Video Communications, Inc (NASDAQ: ZM).
The analyst attended the ZM investor day and flagship Zoomtopia customer conference in San Jose, CA.
While the company provided no changes to its financial outlook, Konntz came away further impressed with its products and pace of innovation.
Management held firm that the company could win up-market with its focus on customer needs to improve the hybrid workplace employee experience.
With 600 new features added recently, the analyst sees the costly development of Rooms AI Director and Whiteboard as a potentially effective Trojan horse strategy to displace Microsoft Corp (NASDAQ: MSFT) Teams in the enterprise.
In the near term, management sees ...