5 Best Technology Stocks to Buy for Long Term

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In this article we discuss the 5 technology stocks to buy for long term. If you want to read our detailed analysis of the tech industry, go directly to the 10 Best Technology Stocks to Buy for Long Term.

5. Zoom Video Communications, Inc. (NASDAQ: ZM)

Number of Hedge Fund Holders: 59

Zoom Video Communications, Inc. (NASDAQ: ZM) is a communications tech company that provides online chat and video-telephony services via peer-to-peer, cloud-based software platforms. 

On April 19, Zoom Video Communications announced new $100 million Zoom Apps Fund venture, which is designed to enhance growth in the ecosystem of Zoom integrations, developer platform apps and hardware. It is created to stimulate growth of Zoom’s ecosystem of Zoom Apps, integrations, developer platform, and hardware. Portfolio companies will receive initial investments between $250,000 and $2.5 million to build solutions that will become core to how Zoom customers meet, communicate, and collaborate.

For Q4, the total revenue of Zoom Video Communications, Inc. (NASDAQ: ZM) was $882.5 million, up 369% YoY, while FY 2021 total revenue was $2,651.4 million up 326% YoY.

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