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NASDAQ:ZM

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

$61.72
-0.01 (-0.02%)
(As of 02:58 PM ET)
Today's Range
$61.32
$62.10
50-Day Range
$59.08
$66.62
52-Week Range
$58.87
$75.90
Volume
1.34 million shs
Average Volume
3.30 million shs
Market Capitalization
$19.09 billion
P/E Ratio
23.03
Dividend Yield
N/A
Price Target
$76.18

Zoom Video Communications MarketRank™ Stock Analysis

Analyst Rating
Hold
2.22 Rating Score
Upside/​Downside
23.2% Upside
$76.18 Price Target
Short Interest
Healthy
4.04% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.34
Upright™ Environmental Score
News Sentiment
0.74mentions of Zoom Video Communications in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$6.66 M Sold Last Quarter
Proj. Earnings Growth
1.68%
From $2.38 to $2.42 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.

4.69 out of 5 stars

Computer And Technology Sector

90th out of 595 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

7th out of 57 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

Zoom Stock's Earnings Volatility Picked Up a Lot of Buyers
After reporting its first quarter 2024 earnings report, shares of Zoom Video Communications Inc. NASDAQ: ZM shook markets by initially plummeting as much as 4.6% from their closing price and swiftly rising back to show a 2.5% premium to the day's end. To put this price action simply, a significant amount of buying orders could have come in as Zoom stock hit its bottom in the after-hours.
Zoom Stock’s Earnings Volatility Picked Up a Lot of Buyers (ZM)
Zoom stock quickly recovered after an after-hours selloff, and investors can find out why these willing buyers were so quick to step in, all in the fundamentals
Why Zoom Is Still A Buy
Zoom Q1: AI Translation Could Be Big
See More Headlines
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Company Calendar

Last Earnings
11/20/2023
Today
6/04/2024
Next Earnings (Estimated)
8/19/2024
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
$76.18
High Stock Price Target
$95.00
Low Stock Price Target
$60.00
Potential Upside/Downside
+23.4%
Consensus Rating
Hold
Rating Score (0-4)
2.22
Research Coverage
18 Analysts

Profitability

Net Income
$637.46 million
Pretax Margin
23.69%

Debt

Sales & Book Value

Annual Sales
$4.53 billion
Cash Flow
$3.71 per share
Book Value
$26.07 per share

Miscellaneous

Free Float
275,937,000
Market Cap
$19.09 billion
Optionable
Optionable
Beta
-0.01

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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 Zoom's technology have enhanced user experience and accessibility.
  • Zoom's stock price has shown consistent growth in recent periods, indicating a positive trend for investors.
  • The company has a strong presence in multiple regions, including the Americas, Asia Pacific, Europe, Middle East, and Africa.
  • Zoom Meetings is a popular choice for businesses and individuals looking for reliable communication solutions.

Cons

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

  • While Zoom has seen growth, it also faces competition from other communication platforms which could impact its market share.
  • Concerns about data privacy and security have been raised regarding Zoom's platform, which could lead to regulatory challenges.
  • Market volatility and economic uncertainties may affect Zoom's stock price and overall performance.
  • Changes in consumer behavior and preferences could impact the demand for Zoom's services in the future.
  • Investors should carefully consider the risks associated with investing in a technology company like Zoom Video Communications, Inc.
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 Saturday, June 1, 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, 10 hold ratings and 6 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 1 year target prices for Zoom Video Communications' shares. Their ZM share price targets range from $60.00 to $95.00. On average, they anticipate the company's stock price to reach $76.18 in the next year. This suggests a possible upside of 23.2% 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 the year. Since then, ZM shares have decreased by 14.0% and is now trading at $61.83.
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, August 19th 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, November, 20th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.21. The firm earned $1.14 billion during the quarter, compared to analysts' expectations of $1.12 billion. Zoom Video Communications had a net margin of 18.37% and a trailing twelve-month return on equity of 10.55%. The firm's quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.21 EPS.

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

Zoom Video Communications updated its FY 2025 earnings guidance on Tuesday, May, 21st. The company provided earnings per share (EPS) guidance of 4.990-5.020 for the period, compared to the consensus EPS estimate of 4.910. The company issued revenue guidance of $4.6 billion-$4.6 billion, compared to the consensus revenue estimate of $4.6 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 IPO on Thursday, April 18th 2019. The company issued 20,900,000 shares at a price of $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 investors include Vanguard Group Inc. (7.61%), Sumitomo Mitsui Trust Holdings Inc. (1.59%), Nikko Asset Management Americas Inc. (1.40%), Acadian Asset Management LLC (0.99%), Swiss National Bank (0.24%) and Invenomic Capital Management LP (0.22%). 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 6/4/2024 by MarketBeat.com Staff

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