Enterprise communications solutions provider Zoom Video Communications Inc. (NASDAQ: ZM) has introduced several subscription services for business users. Customers receive a wide range of meetings and meeting services, with subscription packages ranging from a free version to several hundred dollars per subscriber.
On Wednesday, June 22, Zoom Video Communications unveiled the Zoom One suite of subscription services. They combine the company’s many video conferencing offerings, including chat, whiteboard capabilities, and transcription services.
The services are divided into six packages based on a minimum to maximum set: Basic, Pro, Business, Business Plus, Enterprise, and Enterprise Plus. Prices for the first four ranges range from the free version (the basic version, which includes 40-minute Zoom meetings for up to 100 participants, as well as chat, whiteboard, and transcription services) to $250 per user and per year for Business Plus
At the same time, the company does not disclose pricing for its enterprise plans, suggesting customers contact the sales department for individual pricing.
Therefore, Zoom Video Communications has combined several business-critical functions into a single subscription-based solution. The company itself didn’t provide any predictions on how much it expects to earn from the new Zoom One service.
However, investor reaction (stocks rose after new services were announced) may indicate that they expect revenue growth from the new solutions. It’s important that we talk about subscription services, which are often a more stable and predictable source of revenue for any business.
Thus, Zoom Video Communications is also on its way to building a stable user base who will pay for the services at set intervals.
When focusing on technical inventory evaluation, traders and investors may also decide to research the ATR or Average True Range. The 14-day ATR for Zoom Video Communications Inc. is now 6.89. (ZM). The 52-week price range’s highest level is $406.48, and the lowest level is $79.03.