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

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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%.

Top asx share price represented by paper cutout image of mountain peaks with red flag

Image source: Getty Images

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.

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.

More on Share Market News

a woman wearing a sparkly strapless dress leans on a neat stack of six gold bars as she smiles and looks to the side as though she is very happy and protective of her stash. She also has gold fingernails and gold glitter pieces affixed to her cheeks.
Share Gainers

If I'd invested $10,000 in this ASX 200 gold stock 3 years ago I'd have $101,538 today!

Investors have sent this ASX gold stock surging 915% in just three years. Let's see why.

Read more »

Person stacking rocks in their hand with water in the background.
Share Market News

ASX ETFs to target this month that focus on undervalued sectors

It could be time to pounce on these undervalued sectors.

Read more »

Business man marking buy on board and underlining it.
Broker Notes

10 ASX shares given buy ratings this week

Brokers are bullish on these shares. Let's see what they are recommending.

Read more »

Buy and sell keys on an Apple keyboard.
Opinions

Brokers say these 2 ASX shares are highly undervalued — here's why I agree

I believe these ASX shares could deliver great returns.

Read more »

Two men celebrate while another holds his head in his hands, after watching the race.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a pleasant end to the trading week today.

Read more »

Lines of codes and graphs in the background with woman looking at laptop trying to understand the data.
Share Fallers

3 ASX 200 shares crashing in this week's rebounding market

Investors sent these three ASX 200 stocks tumbling this week. But why?

Read more »

Two happy and excited friends in euphoria holding a smartphone, after winning in a bet.
Share Gainers

Why Appen, Guzman Y Gomez, Monadelphous, and PMET shares are racing higher today

These shares are ending the week on a positive note. But why?

Read more »

Person with thumbs down and a red sad face poster covering their face.
Share Fallers

Why Catapult Sports, IAG, Telstra, and Tuas shares are falling today

These shares are ending the week in the red. But why?

Read more »