Better Stock Buy: Zoom Video Communications vs. Cisco Systems
Zoom Video Communications (NASDAQ: ZM) probably wouldn't exist if its founder and CEO Eric Yuan had stayed at Cisco Systems (NASDAQ: CSCO). Yuan previously worked at Webex, a video conferencing start-up that was acquired by Cisco in 2007.
As a VP of Engineering at Cisco, Yuan pitched the development of a streamlined video conferencing app for mobile devices. When his idea was rejected, Yuan left Cisco and founded Zoom in 2011. Zoom's simple interface and catchy brand enabled it to challenge more complex enterprise-oriented platforms like Webex, and it became synonymous with video calls during the COVID-19 pandemic.
Image source: Zoom.
Source Fool.com
Cisco Systems Inc. Stock
€45.21
-0.300%
With 13 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 53 € shows a slightly positive potential of 17.23% compared to the current price of 45.21 € for Cisco Systems Inc..
