Experts from Bank of America have admitted that the shares of the video service Zoom in the coming year may grow by 47%, writes CNBC. The TV channel quotes an analytical note of the bank.
Bank of America has renewed the recommendation to buy Zoom securities. He set a target value for the company’s securities of $ 480 apiece. At the end of trading on April 19, they were worth $ 324.33, losing 1.7% for the day. Zoom shares have risen about sevenfold last year: at the beginning of the year they were worth about $ 68, and in October at the peak they exceeded $ 500. and switched to remote work. But with the approval of vaccines and their proliferation, Zoom paper has become significantly cheaper, CNBC said.
Bank of America is confident that Zoom will remain in demand in 2021, and future growth will smooth out the decline. The Bank believes that the company has a “predominant” experience of others, which confirms its position as a platform for “meetings on the go” in the world after COVID-19. “As the pandemic moves slowly and businesses move to more flexible working conditions, we believe 2021 will be another good year for Zoom,” CNBC quoted a note from Bank of America. He is also optimistic about the company’s new products, such as the Zoom Phone cloud call project.
The day before, Zoom announced the creation of an investment fund worth $ 100 million. The company plans to support startups that build a business based on Zoom video technology. So the company intends to build an ecosystem of partnership projects around itself.
Company Continues Strategic Expansion Adding New Service Capabilities, Talent, and Broadening Nearshore Footprint SAN JOSE, Calif.—January 5, 2023— GlobalLogic Inc., a Hitachi Group Company and Digital Engineering Leader, today announced the acquisition of Hexacta, a Pan-Latin-America digital and data engineering company. The acquisition is part of GlobalLogic’s continued strategy to expand its offerings, and its […]
Last year, the global medical device market reached $532.62 billion, according to Mordor Intelligence. Ukrainian engineers are involved in the projects of key players, which occupy almost 10% of the market. This share can be estimated at 50 billion US dollars*. Domestic specialists create more than a hundred software solutions of various levels. These include […]
Новий власник Twitter Ілон Маск доручив інженерам попрацювати над перезавантаженням Vine, яке може бути готове до кінця нинішнього року. Про це повідомляє Axios. Зазначається, що інженерам компанії необхідно вивчити стару кодову базу відеосервісу, яка не змінювалася та не оновлювалася з моменту закриття, а саме з 2016 року, коли з’ясувалося, що майданчик не витримує конкуренції. Втім, одне з […]
Credit Agricole has been ranked first in the social responsibility rating of the banking sector, created by Standard-Rating based on the 2022 half-year results. The rating agency commended the bank’s contribution to the economy of Ukraine. The bank has paid UAH 100 million in taxes in advance, while issuing UAH 1.2 billion in loans under […]
From October 1, drivers must turn on the dipped headlights of the car outside the city. This helps to additionally mark the vehicle in conditions of low visibility within the autumn-winter period. GlobalLogic reminds about the importance of compliance with traffic rules and tells about the developments of Ukrainian engineers that affect road safety. In […]
Intellias, a global software engineering and digital consulting company, has announced the completion of its acquisition of Digitally Inspired, a fast growing, UK based peer, focusing on the Retail and eCommerce industry. “I am delighted to welcome the Digitally Inspired team to Intellias. It is symbolic that Intellias’ twentieth anniversary coincided with signing an agreement […]
3×4, a Web3 fundraising platform for non-profits, has been launched in Ukraine to bring innovative crypto & NFT fundraising to the rising number of social impact causes. 3×4 helps non-profit organizations to fundraise utilizing NFTs in collaborations with artists and brands while providing donors utility, revenue and transparency. The idea of 3×4 was born in […]
LET’S GO GREEN 2016 has set two opposing energy records. According to the International Energy Agency (IEA), oil production has fallen to a minimum level over the past 70 years. Mining companies continue to reduce costs associated with low oil prices. Mining has dropped to 2,4 billion barrels in 2016, compared with the average indicator […]
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The National Bank of Ukraine (NBU) has adopted the concept of a simplified merger of banks. This was announced by the Head of Department of registration and licensing issues of the NBU, Alexander Bevz, writes the FinClub. At the same time, before that the regulator has tightened the requirements for small banks. Those who will […]
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In the last week of October, investors expect a lot of news, as more than one-third of the components of the S&P 500 index, or 186 companies, must report financial results for the third quarter. The information field is even richer given the election race in the United States, the situation with the pandemic and […]
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Radisson Hotel Group is proud to be the world’s first hotel group to make all meetings and events across 400+ hotels in its EMEA portfolio carbon negative. For every event taking place at its participating hotels, Radisson Hotel Group will offset double the carbon footprint, to ensure that every meeting has a positive impact on […]
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Ukraine places eight-year Eurobonds for 1.25 billion dollars at 6.875%. The demand is more than $ 3.3 billion. This was reported by Interfax-Ukraine, citing its own source. Initially, the benchmark profitability of the issue was 7-7.25%. Demand for Ukraine’s debt at the final rate exceeded $ 3.3 billion. According to the publication, Deutsche Bank, BNP […]
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European airline Airbus will lay off 15,000 employees worldwide due to the restoration of the quarantine restrictions on the flights. This was stated by the Airbus Chief Operating Officer Michael Schollhorn. Prospects for the aviation industry deteriorated again due to the growing number of the coronavirus infections, he said. According to Schollhorn, the situation in […]
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Apple has received a fine of € 318 million from the Italian regulatory authorities. Apple is accused of violating tax laws, namely in the tax evasion in Italy by transferring funds to Ireland. During the investigation, regulatory authorities found that the company deliberately transferred funds in the amount of € 880 million to Ireland, where […]
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On Thursday, the British drugmaker AstraZeneca said it agreed to buy a controlling stake in the biotech company Acerta Pharma for $ 4 billion. Analysts point out that the operations that were carried out in the health sector helped to make 2015 a record year for mergers and acquisitions. In the legal field, the merger […]
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The decision of the Constitutional Court violates Ukraine’s obligations to Western creditors. This was reported by the Ministry of Finance with reference to the statement of the head of the department Serhiy Marchenko. He addressed to the assessments of the World Bank management regarding the decision of the Constitutional Court on the officials’ e-declarations. “They […]
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In September 2020, the Italian company Lamborghini sold 738 cars worldwide. This is a new record for the company, according to its website. At the same time, in the third quarter of 2020, 2,083 Lamborghini cars were sold worldwide. In the spring of this year Lamborghini was forced to close all its plants for two […]
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The world economy will grow faster this year than expected at the end of last year. The chief economist of the IMF Gita Gopinat announced this on Tuesday, April 6. “We now forecast a stronger recovery of the world economy in 2021 and 2022 compared to our previous forecast in January, with growth to 6% […]
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The Converse brand has opened a virtual store on a garbage island in the Pacific Ocean, which consists of 80,000 tons of plastic and is larger than the area of France. The offers of this outlet can be found on the store’s website. It is reported that the Renew Labs space was developed by Virtue. […]
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The international manufacturer of goods and raw materials in the bakery, patisserie and chocolate sectors Puratos built a plant in Odessa region. “Puratos will launch its own production of ingredients for the baking and confectionery industry in the Odessa region “, – said in the statement. The business of the company focused on meeting the […]
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Poland and Denmark have solved problems related to the construction of the Baltic Pipe gas pipeline. The representative of the Polish government on strategic energy infrastructure Petro Naimski announced this on Polish Radio. “An agreement has been reached and work has resumed,” he said. Currently, the laying of 100 km of offshore section of the […]
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On Sunday, Dominion Energy, one of the largest energy companies in the United States, announced a final agreement to sell virtually all of its assets in the gas transportation and storage segment of Berkshire Hathaway Inc. under a deal valued at $9.7 billion, including its current debt of $5.7 billion. The deal with Dominion will […]
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The State Property Fund sold the Radyvyliv Bakery in Rivne Oblast at an auction on Monday, August 30, for 147 million hryvnias. This is evidenced by data from the Prozorro system. Two companies took part in the auction, the winner was a small private enterprise Horizont, owned by the deputy of the district council Ivan […]
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