ZZMZoom Communications, Inc.

Zoom makes the video calling that became a household word and is now looking for what grows next.

The product won on simplicity: a call connected where corporate systems demanded installation and configuration. The pandemic delivered years of growth in a few months, after which the curve flattened — everyone who needed it had joined, and competitors bundled video calling into office software suites for free.

That leaves two tasks: retaining enterprise customers, where revenue is steady and grows slowly, and finding something new — telephony, contact centres, transcription and meeting summaries. The company holds a large cash balance and no debt, which buys time to reposition. Risks: free bundled alternatives. It pays no dividend but buys back stock.