Page 11 - Communications Software News Today

Updated Jan. 15, 2021 3:55 pm ET Two apps—Signal and Telegram—are currently the No. 1 and No. 2 free app downloads in Apple’s App Store and Google’s Play Store. Millions of users flocked to the chat apps in recent weeks, according to data from Apptopia and Sensor Tower. There are a few factors behind the surge. One is concern over a privacy-policy update for the Facebook Inc.-owned WhatsApp. (After the initial publication of this article, the company delayed the policy update un...

Dreamstime Zoom Video Communications shares are on the mend after the company priced an offering of 5.15 million shares at $340 each, generating proceeds of $1.75 billion before expenses. That is a little larger than the $1.5 billion originally targeted. The offering will nearly double the company’s holdings in cash and marketable securities, which stood at $1.87 billion as of the end of the October quarter. Zoom (ticker: ZM) has no long-term debt. Stifel analyst Tom Roderi...

Microsoft (MSFT), as well as worries about how much the company’s growth will slow as the economy reopens. During the pandemic, at least, Zoom has continued to produce spectacular growth—for the fiscal third quarter ended Oct. 31, it posted revenue of $777.2 million, up 367% from a year ago. For the fiscal fourth quarter ending in January, Zoom is projecting revenue of $806 million to $811 million, with non-GAAP profits of 77 to 79 cents per share. Wall Street consensus calls for $81...

Updated Jan. 12, 2021 10:52 am ET Zoom Video Communications Inc. plans to raise $1.5 billion through what would be its largest stock offering since its trading debut in 2019. The San Jose, Calif.-based company, whose videoconferencing platform has become a pandemic essential, on Tuesday also said it expects to grant its underwriter a 30-day option to buy up to an additional $225 million of Class A shares at the public offering price, less underwriting discounts and commissions. Founde...

The social-media platforms’ actions in recent days show the companies’ influence over online discourse.

A company called Bakkt, which was started by Intercontinental Exchange (ticker: ICE), the owner of the New York Stock Exchange, announced on Monday that it planned to go public. Bakkt, founded in 2018, initially made waves by launching a Bitcoin futures product. But the company appears most focused now on a digital app that allows people to trade and spend various kinds of digital assets—from cryptocurrencies to loyalty points from businesses like Starbucks to videogame rewar...

The social-media service has sued Amazon.com after the tech giant abruptly ended web-hosting services to the company, effectively halting its operation.

A month after shelving its plans to go public, the videogame company said it raised $520 million and that it is planning a direct listing.

Zoom, the videoconferencing firm, is supposedly working on web-based applications for email and calendars in the latest expansion of its offerings.

Zoom’s reported development of an email service would pit it against entrenched players Microsoft and Google. D.A. Davidson analyst Rishi Jaluria is bullish on Zoom’s move.