Shares of Zoom Video Communications Inc.
are up more than 6%in Monday trading amidst issues about the international spread of the unique coronavirus that came from Wuhan, China late in 2015. Italy and South Korea are amongst the nations that have experienced spikes in new cases over the past couple of days. Zoom Video makes software that enables employees to perform video-conference conferences and otherwise take part in remote work, and the stock has surged at times during the coronavirus break out on the expectation that more countries and business would urge employees to work from home, thus creating new demand for remote-work tools. Zoom is due to report fourth-quarter earnings on Wednesday, March 4 and management will likely talk about whether business has seen a bump from coronavirus concerns. Zoom shares have actually included 49%over the previous month, as the S&P500
has dropped 1.3%.
%.
source https://jobsearchtips.net/zoom-video-stock-surges-as-coronavirus-worries-deepen/
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