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NASDAQ:ZM

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

$60.15
-0.09 (-0.15%)
(As of 10:28 AM ET)
Today's Range
$59.56
$60.28
50-Day Range
$60.24
$70.91
52-Week Range
$58.87
$75.90
Volume
438,487 shs
Average Volume
3.32 million shs
Market Capitalization
$18.50 billion
P/E Ratio
29.49
Dividend Yield
N/A
Price Target
$77.56

Zoom Video Communications MarketRank™ Stock Analysis

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
29.2% Upside
$77.56 Price Target
Short Interest
Bearish
5.44% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.34
Upright™ Environmental Score
News Sentiment
0.52mentions of Zoom Video Communications in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$5.54 M Sold Last Quarter
Proj. Earnings Growth
5.12%
From $2.15 to $2.26 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.

4.65 out of 5 stars

Computer And Technology Sector

62nd out of 593 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

4th out of 60 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

“Forget Tesla, this is Elon’s Next Big Thing”
According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.
“Forget Tesla, this is Elon’s Next Big Thing”
According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.
Zoom Video Communications (ZM) Receives a Sell from Wells Fargo
3 Overlooked Stocks That Can Easily Double in 2024
3 Tech Stocks Set to Soar Beyond Expectations
The 3 Best Cathie Wood Stocks to Buy in April 2024
This ChatGPT Rival Stock Looks Too Cheap to Ignore
See More Headlines
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Company Calendar

Last Earnings
2/26/2024
Today
4/15/2024
Next Earnings (Estimated)
5/27/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$77.56
High Stock Price Target
$95.00
Low Stock Price Target
$60.00
Potential Upside/Downside
+28.7%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
18 Analysts

Profitability

Net Income
$637.46 million
Pretax Margin
18.39%

Debt

Sales & Book Value

Annual Sales
$4.53 billion
Cash Flow
$3.60 per share
Book Value
$26.07 per share

Miscellaneous

Free Float
272,867,000
Market Cap
$18.53 billion
Optionable
Optionable
Beta
-0.07

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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 provides a unified communications platform that offers HD video, voice, chat, and content sharing through various devices, catering to a wide range of users and industries.
  • Zoom Phone, an enterprise cloud phone system, offers a comprehensive communication solution for businesses looking to streamline their communication processes.
  • Zoom Chat enables seamless messaging, image sharing, and content sharing across different devices, enhancing collaboration and productivity.
  • Zoom's Developer Platform allows for app development and integrations, providing opportunities for developers and businesses to customize and enhance their communication solutions.
  • Recent stock price movements indicate potential growth opportunities for investors interested in Zoom Video Communications, Inc.

Cons

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

  • Increased competition in the unified communications market may pose challenges for Zoom Video Communications in maintaining market share and growth.
  • Concerns about data security and privacy issues have been raised, which could impact user trust and adoption of Zoom's services.
  • Market volatility and economic uncertainties could affect the company's financial performance and stock price in the short term.
  • Regulatory changes related to the technology sector could introduce compliance challenges and additional costs for Zoom Video Communications.
  • Dependency on virtual events and remote work trends may lead to fluctuations in demand for Zoom's services based on evolving market dynamics.
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, April 11, 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

Should I buy or sell Zoom Video Communications stock right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Zoom Video Communications in the last year. There are currently 2 sell ratings, 11 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ZM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ZM, but not buy additional shares or sell existing shares.
View ZM analyst ratings
or view top-rated stocks.

What is Zoom Video Communications' stock price target for 2024?

18 brokerages have issued 12-month price objectives for Zoom Video Communications' stock. Their ZM share price targets range from $60.00 to $95.00. On average, they expect the company's stock price to reach $77.56 in the next twelve months. This suggests a possible upside of 29.2% from the stock's current price.
View analysts price targets for ZM
or view top-rated stocks among Wall Street analysts.

How have ZM shares performed in 2024?

Zoom Video Communications' stock was trading at $71.91 at the beginning of 2024. Since then, ZM shares have decreased by 16.5% and is now trading at $60.05.
View the best growth stocks for 2024 here
.

When is Zoom Video Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 27th 2024.
View our ZM earnings forecast
.

How were Zoom Video Communications' earnings last quarter?

Zoom Video Communications, Inc. (NASDAQ:ZM) posted its quarterly earnings results on Monday, February, 26th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.34. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.13 billion. Zoom Video Communications had a net margin of 14.08% and a trailing twelve-month return on equity of 9.68%.

What guidance has Zoom Video Communications issued on next quarter's earnings?

Zoom Video Communications issued an update on its first quarter 2025 earnings guidance on Tuesday, February, 27th. The company provided earnings per share guidance of 1.180-1.200 for the period, compared to the consensus estimate of 1.130. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion.

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.

What other stocks do shareholders of Zoom Video Communications own?

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

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?

Zoom Video Communications' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Guinness Asset Management LTD (0.10%), Los Angeles Capital Management LLC (0.07%), Gateway Investment Advisers LLC (0.01%), Polianta Ltd (0.01%), Global Assets Advisory LLC (0.01%) and FCF Advisors LLC (0.01%). Insiders that own company stock include Aparna Bawa, Bart Swanson, Carl M Eschenbach, Eric S Yuan, Eric S Yuan, Gregory Tomb, Janine Pelosi, Jonathan Chadwick, Kelly Steckelberg, Kimberly Hammonds, Michael D Pruitt, Ryan Azus, Santiago Subotovsky, Shane Crehan, Tamara Louise Linde and Velchamy Sankarlingam.
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.

This page (NASDAQ:ZM) was last updated on 4/16/2024 by MarketBeat.com Staff

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