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Sept. 14, 2021, 7:55 a.m. EDT

Zoom Video stock slips as new features announced at conference

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By Wallace Witkowski
ZM FB

Zoom Video Technologies Inc. /zigman2/quotes/211319643/composite ZM -0.34% shares slipped Monday after the videoconferencing company announced a new suite of tools at its Zoomtopia 2021 conference. Zoom shares declined 3% to $292.22 in afternoon trading, and are down 24% over the past 12 months. One of the features announced was “Zoom Whiteboard,” a digital-canvas collaboration tool that allows users to interact with each other as if they were using an in-person whiteboard, with Zoom collaborating with Facebook Inc. /zigman2/quotes/205064656/composite FB +0.32% to use Oculus Horizon Workrooms for a VR experience. Another announcement was “Zoom Video Engagement Center,” where customers can consult with experts in industry-specific trusted experiences like healthcare visits. Other new features include real-time translation and transcription of meetings, along with expanding “Zoom Rooms Smart Gallery” to include separate video feeds of in-office participants so they can be viewed equally by remote employees.

/zigman2/quotes/211319643/composite
US : U.S.: Nasdaq
$ 274.78
-0.93 -0.34%
Volume: 1.49M
Oct. 21, 2021 4:00p
P/E Ratio
83.02
Dividend Yield
N/A
Market Cap
$81.92 billion
Rev. per Employee
$599,586
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/zigman2/quotes/205064656/composite
US : U.S.: Nasdaq
$ 341.88
+1.10 +0.32%
Volume: 15.64M
Oct. 21, 2021 4:00p
P/E Ratio
25.32
Dividend Yield
N/A
Market Cap
$960.81 billion
Rev. per Employee
$1.47M
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