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July 7, 2020, 11:00 a.m. EDT

Zoom offering hardware-as-a-service option

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By Wallace Witkowski

ZM

Zoom Video Communications Inc. /zigman2/quotes/211319643/composite ZM -3.37% said Tuesday that it's partnering with several hardware makers to streamline its video communication services. Zoom said it launched a hardware-as-a-service option and partnered with hardware manufacturers DTEN , Neat , Poly , and Yealink to "minimize friction" around getting enterprise-grade hardware to run its Zoom Rooms and Zoom Phone services. Shares of Zoom were flat Tuesday, but are up 284% for the year as the video-conferencing company has become one of the biggest beneficiaries of the work-from-home trend resulting from the COVID-19 pandemic.

/zigman2/quotes/211319643/composite
US : U.S.: Nasdaq
$ 250.00
-8.73 -3.37%
Volume: 5.71M
Aug. 10, 2020 4:00p
P/E Ratio
1,453
Dividend Yield
N/A
Market Cap
$72.99 billion
Rev. per Employee
N/A
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