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Zoom Video Communications (ZM) Stock Price, News & Analysis

$67.18
-0.05 (-0.07%)
(As of 09/6/2024 ET)
Today's Range
$66.60
$68.56
50-Day Range
$55.32
$71.90
52-Week Range
$55.06
$74.82
Volume
2.80 million shs
Average Volume
3.39 million shs
Market Capitalization
$20.68 billion
P/E Ratio
25.07
Dividend Yield
N/A
Price Target
$75.10

Zoom Video Communications MarketRank™ Stock Analysis

Analyst Rating
Hold
2.18 Rating Score
Upside/​Downside
11.8% Upside
$75.10 Price Target
Short Interest
Healthy
2.68% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.34
Upright™ Environmental Score
News Sentiment
0.39mentions of Zoom Video Communications in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$7.51 M Sold Last Quarter
Proj. Earnings Growth
-5.58%
From $2.69 to $2.54 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.19 out of 5 stars

Computer And Technology Sector

154th out of 594 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

13th out of 58 stocks

ZM stock logo

About Zoom Video Communications Stock (NASDAQ:ZM)

Zoom Video Communications, Inc. provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices. It also provides Zoom Rooms, a software-based conference room system; Zoom Conference Room Connector, a gateway for SIP/H.323 endpoints to join Zoom meetings; Zoom Events, which enables users to manage and host internal and external virtual events; OnZoom, a prosumer-focused virtual event platform and marketplace for Zoom users to create, host, and monetize online events; and Zoom Webinars to provide video presentations to large audiences from many devices. In addition, the company offers Zoom Developer Platform that enables developers, platform integrators, service providers, and customers to build apps and integrations using Zoom's video-based communications solutions, as well as integrate Zoom's technology into their products and services; Zoom App Marketplace, which helps developers to publish their apps, as well as third-party integrations of Zoom; and Zoom Contact Center, an omnichannel contact center solution. It serves individuals; and education, entertainment/media, enterprise infrastructure, finance, government, healthcare, manufacturing, non-profit/not for profit and social impact, retail/consumer products, and software/Internet industries. The company was formerly known as Zoom Communications, Inc. and changed its name to Zoom Video Communications, Inc. in May 2012. The company was incorporated in 2011 and is headquartered in San Jose, California.

ZM Stock Price History

ZM Stock News Headlines

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Zoom Beats Q2 Expectations, Signaling Continued Growth Trajectory
Zoom's strong second-quarter earnings and raised guidance signal continued growth and a positive outlook for investors.
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See More Headlines
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Company Calendar

Last Earnings
8/21/2024
Today
9/07/2024
Next Earnings (Estimated)
11/18/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
Computer Software
Fax
N/A
Employees
7,420
Year Founded
2011

Price Target and Rating

Average Stock Price Target
$75.10
High Stock Price Target
$95.00
Low Stock Price Target
$60.00
Potential Upside/Downside
+11.8%
Consensus Rating
Hold
Rating Score (0-4)
2.18
Research Coverage
22 Analysts

Profitability

Net Income
$637.46 million
Pretax Margin
24.50%

Debt

Sales & Book Value

Annual Sales
$4.53 billion
Cash Flow
$3.63 per share
Book Value
$27.70 per share

Miscellaneous

Free Float
275,937,000
Market Cap
$20.68 billion
Optionable
Optionable
Beta
-0.05

Social Links

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Should I Buy Zoom Video Communications Stock? ZM Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Zoom Video Communications, Inc.:

  • Zoom Video Communications, Inc. provides a unified communications platform that offers HD video, voice, chat, and content sharing through various devices.
  • Recent developments in the company have shown positive growth in revenue and user base, indicating a strong market presence.
  • Current stock price of Zoom Video Communications, Inc. is favorable for potential investors, providing an opportunity for potential gains.
  • Zoom Video Communications, Inc. has been receiving positive consensus ratings from analysts, reflecting confidence in the company's performance.
  • Investors can benefit from Zoom Video Communications, Inc.'s dividend yield, providing a source of passive income.

Cons

Investors should be bearish about investing in Zoom Video Communications, Inc. for these reasons:

  • While Zoom Video Communications, Inc. has shown growth, there may be concerns about potential competition in the unified communications market.
  • Fluctuations in the stock price of Zoom Video Communications, Inc. may pose risks for investors looking for stable returns.
  • Some analysts have raised concerns about the valuation of Zoom Video Communications, Inc. stock, suggesting it may be overpriced.
  • Investors should consider the potential impact of market trends and economic conditions on Zoom Video Communications, Inc.'s performance.
  • Zoom Video Communications, Inc.'s dividend yield may not be as attractive compared to other investment opportunities in the market.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, August 22, 2024. Please send any questions or comments about these Zoom Video Communications pros and cons to contact@marketbeat.com.

ZM Stock Analysis - Frequently Asked Questions

How have ZM shares performed this year?

Zoom Video Communications' stock was trading at $71.91 at the beginning of the year. Since then, ZM stock has decreased by 6.6% and is now trading at $67.18.
View the best growth stocks for 2024 here
.

How were Zoom Video Communications' earnings last quarter?

Zoom Video Communications, Inc. (NASDAQ:ZM) posted its quarterly earnings results on Wednesday, August, 21st. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.18. Zoom Video Communications's quarterly revenue was up 2.1% on a year-over-year basis.

What is Eric S. Yuan's approval rating as Zoom Video Communications' CEO?

450 employees have rated Zoom Video Communications Chief Executive Officer Eric S. Yuan on Glassdoor.com. Eric S. Yuan has an approval rating of 97% among the company's employees. This puts Eric S. Yuan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

When did Zoom Video Communications IPO?

Zoom Video Communications (ZM) raised $627 million in an initial public offering on Thursday, April 18th 2019. The company issued 20,900,000 shares at $28.00-$32.00 per share. Morgan Stanley, J. P. Morgan, Goldman Sachs and Credit Suisse served as the underwriters for the IPO and BofA Merriil Lynch, RBC Capital Markets, Wells Fargo Securities, JMP Securities, KeyBanc Capital Markets, Piper Jaffray, Stifel and William Blair were co-managers.

Who are Zoom Video Communications' major shareholders?

Top institutional investors of Zoom Video Communications include AQR Capital Management LLC (1.85%), Pacer Advisors Inc. (1.70%), Acadian Asset Management LLC (1.59%) and Sumitomo Mitsui Trust Holdings Inc. (1.21%). Insiders that own company stock include Santiago Subotovsky, Eric S Yuan, Velchamy Sankarlingam, Aparna Bawa, Shane Crehan, Jonathan Chadwick, Carl M Eschenbach, Ryan Azus and Kelly Steckelberg.
View institutional ownership trends
.

How do I buy shares of Zoom Video Communications?

Shares of ZM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Zoom Video Communications own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Zoom Video Communications investors own include NVIDIA (NVDA), Tesla (TSLA), Netflix (NFLX), Block (SQ), Alibaba Group (BABA), Shopify (SHOP) and Salesforce (CRM).

This page (NASDAQ:ZM) was last updated on 9/7/2024 by MarketBeat.com Staff

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