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

$63.40
+1.28 (+2.06%)
(As of 05:32 PM ET)
Today's Range
$62.30
$63.47
50-Day Range
$61.32
$74.21
52-Week Range
$58.87
$76.98
Volume
3.52 million shs
Average Volume
2.89 million shs
Market Capitalization
$19.30 billion
P/E Ratio
86.85
Dividend Yield
N/A
Price Target
$79.00

Zoom Video Communications MarketRank™ Stock Analysis

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
25.1% Upside
$79.00 Price Target
Short Interest
Bearish
5.77% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.34
Upright™ Environmental Score
News Sentiment
0.70mentions of Zoom Video Communications in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$6.01 M Sold Last Quarter
Proj. Earnings Growth
-12.86%
From $2.10 to $1.83 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.

4.47 out of 5 stars

Computer And Technology Sector

101st out of 583 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

4th 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 Hardware-as-a-Service allows users to access video communication technology from third party equipment; 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

ZM Apr 2024 65.000 call
Why Crypto is Set to Explode When the Next Bitcoin Halving Hits in April...
The first bitcoin halving happened on November 28, 2012. Bitcoin went from $12 to $1,046 over the next year. The second bitcoin halving hit on July 9, 2016. Bitcoin launched from $663 to $19,118 in 18 months. The third bitcoin halving struck on May 11, 2020. Bitcoin jumped from $8,500 to over $64,000. And now, the 4th bitcoin halving is coming on April 22, 2024.
Why Crypto is Set to Explode When the Next Bitcoin Halving Hits in April...
The first bitcoin halving happened on November 28, 2012. Bitcoin went from $12 to $1,046 over the next year. The second bitcoin halving hit on July 9, 2016. Bitcoin launched from $663 to $19,118 in 18 months. The third bitcoin halving struck on May 11, 2020. Bitcoin jumped from $8,500 to over $64,000. And now, the 4th bitcoin halving is coming on April 22, 2024.
ZM Mar 2024 72.000 put
Zoom Video Communications, Inc. (NASDAQ:ZM) Short Interest Update
Zoom to cut 2% of staff: reports
Zoom Video Communications Has A Future
Zoom to Cut About 2% of Workforce in Latest Tech Layoff
See More Headlines
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Company Calendar

Last Earnings
11/20/2023
Today
2/23/2024
Next Earnings (Confirmed)
2/26/2024
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
8,484
Year Founded
2011

Price Target and Rating

Average Stock Price Target
$79.00
High Stock Price Target
$100.00
Low Stock Price Target
$60.00
Potential Upside/Downside
+25.0%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
18 Analysts

Profitability

Net Income
$103.71 million
Pretax Margin
9.78%

Debt

Sales & Book Value

Annual Sales
$4.39 billion
Cash Flow
$2.23 per share
Book Value
$21.12 per share

Miscellaneous

Free Float
270,084,000
Market Cap
$19.24 billion
Optionable
Optionable
Beta
-0.08

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Zoom Video Communications was last updated on Tuesday, February 20, 2024 at 2:58 PM.














ZM Stock Analysis - Frequently Asked Questions

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

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Zoom Video Communications in the last twelve months. There are currently 2 sell ratings, 11 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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 brokers have issued 1-year price objectives for Zoom Video Communications' stock. Their ZM share price targets range from $60.00 to $100.00. On average, they predict the company's stock price to reach $79.00 in the next twelve months. This suggests a possible upside of 25.1% 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 stock has decreased by 12.2% and is now trading at $63.14.
View the best growth stocks for 2024 here
.

Are investors shorting Zoom Video Communications?

Zoom Video Communications saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 13,270,000 shares, an increase of 6.4% from the January 15th total of 12,470,000 shares. Based on an average daily volume of 3,870,000 shares, the days-to-cover ratio is presently 3.4 days. Currently, 5.8% of the shares of the company are sold short.
View Zoom Video Communications' Short Interest
.

When is Zoom Video Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 26th 2024.
View our ZM earnings forecast
.

How can I listen to Zoom Video Communications' earnings call?

Zoom Video Communications will be holding an earnings conference call on Monday, February 26th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Zoom Video Communications' earnings last quarter?

Zoom Video Communications, Inc. (NASDAQ:ZM) issued its earnings results on Monday, November, 20th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.21. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.12 billion. Zoom Video Communications had a trailing twelve-month return on equity of 4.93% and a net margin of 5.21%. The business's revenue was up 3.2% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share.

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

Zoom Video Communications issued an update on its fourth quarter 2024 earnings guidance on Monday, December, 11th. The company provided earnings per share guidance of 1.130-1.150 for the period, compared to the consensus estimate of 1.000. 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?

(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 acted 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 Vanguard Group Inc. (7.69%), ARK Investment Management LLC (3.64%), Sumitomo Mitsui Trust Holdings Inc. (2.17%), Nikko Asset Management Americas Inc. (1.99%), FIL Ltd (1.01%) and Norges Bank (0.75%). Insiders that own company stock include Aparna Bawa, Bart Swanson, Carl M Eschenbach, Daniel Scheinman, 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 2/23/2024 by MarketBeat.com Staff