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Why the Dubber (ASX:DUB) share price is breaking out into record highs

The Dubber Corporation Ltd (ASX: DUB) share price is making all-time record highs after launching its features with Zoom
The post Why the Dubber (ASX:DUB) share price is breaking out into record highs appeared first on The Motley Fool Australia. –

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The Dubber Corporation Ltd (ASX: DUB) share price has pushed into all-time record highs on Wednesday. This comes after the company announced that its unified call recording and voice AI features will extend to Zoom Video Communications Inc (NASDAQ: ZM). At the time of writing, the Dubber share price is trading at $2.08, up 6.12%.

Dubber share price higher with Zoom collaboration

Dubber with Zoom will offer key capabilities valued by enterprise and government clients. This includes features such as centralising a user’s Zoom Phone (voice) and Zoom Meeting (video/meeting data) cloud recordings.

Additionally, Dubber will also provide the capability to hold a user’s cloud recordings from Zoom, storing them centrally. This feature protects users for compliance purposes while making audio and video data available to users and other business applications. Dubber AI users can also access other features. These include transcriptions, sentiment data, real-time search, and more to enrich their Zoom recordings. 

Furthermore, Dubber with Zoom is available for order now. It can be acquired through registered Dubber resellers and partners. The flexible plan starts at US$14.95 per user/month and US$29.95 per user/month for Dubber AI. 

Management commentary  

Dubber CEO, Steven McGovern, commented on its availability with Zoom: 

Unified Call Recording with Zoom reflects the way employees work today – from anywhere and across many devices and solutions. Dubber has been chosen by over 150 telecommunications carriers and service providers as the recording and data capture platform for their networks. Many have embraced Zoom as an integral part of their business and communications infrastructure. The ability to capture recordings from Zoom and manage them centrally in the Voice Intelligence Cloud demonstrates the true value of Unified Call Recording.

Dubber share price snapshot 

The Dubber share price has been bouncing between the $1.50 and $1.90 levels since November 2020. This is despite a strong half-year results announcement in February. The company also highlighted a 61% increase in revenue to $10.1 million and a 14% improvement in loss after tax of $7.5 million. 

This week represents a significant breakout for the Dubber share price, with a move above $1.90 on Tuesday and making all-time record highs on Wednesday.

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Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Dubber. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Why the Dubber (ASX:DUB) share price is breaking out into record highs appeared first on The Motley Fool Australia.

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