S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Americans Now Favor Gold Over Stocks as an Investment Vehicle (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Americans Now Favor Gold Over Stocks as an Investment Vehicle (Ad)
Best Buy reports lower 4Q sales and profits as shoppers remain cautious
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
Bezos and Gates Invest in Search for Tech's Best-Kept Secret (Ad)
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
From Hometown Hero to Franchise Partner — 3 Celebrities Collaborating With Their Hometown Brands
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Americans Now Favor Gold Over Stocks as an Investment Vehicle (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Americans Now Favor Gold Over Stocks as an Investment Vehicle (Ad)
Best Buy reports lower 4Q sales and profits as shoppers remain cautious
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
Bezos and Gates Invest in Search for Tech's Best-Kept Secret (Ad)
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
From Hometown Hero to Franchise Partner — 3 Celebrities Collaborating With Their Hometown Brands
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Americans Now Favor Gold Over Stocks as an Investment Vehicle (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Americans Now Favor Gold Over Stocks as an Investment Vehicle (Ad)
Best Buy reports lower 4Q sales and profits as shoppers remain cautious
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
Bezos and Gates Invest in Search for Tech's Best-Kept Secret (Ad)
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
From Hometown Hero to Franchise Partner — 3 Celebrities Collaborating With Their Hometown Brands
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Americans Now Favor Gold Over Stocks as an Investment Vehicle (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Americans Now Favor Gold Over Stocks as an Investment Vehicle (Ad)
Best Buy reports lower 4Q sales and profits as shoppers remain cautious
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
Bezos and Gates Invest in Search for Tech's Best-Kept Secret (Ad)
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
From Hometown Hero to Franchise Partner — 3 Celebrities Collaborating With Their Hometown Brands

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

$70.73
+1.11 (+1.59%)
(As of 02/29/2024 ET)
Today's Range
$69.07
$71.29
50-Day Range
$61.32
$74.21
52-Week Range
$58.87
$75.90
Volume
5.83 million shs
Average Volume
4.61 million shs
Market Capitalization
$21.53 billion
P/E Ratio
34.67
Dividend Yield
N/A
Price Target
$78.00

Zoom Video Communications MarketRank™ Stock Analysis

Analyst Rating
Hold
2.18 Rating Score
Upside/​Downside
10.3% Upside
$78.00 Price Target
Short Interest
Healthy
5.53% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.34
Upright™ Environmental Score
News Sentiment
0.67mentions of Zoom Video Communications in the last 14 days
Based on 66 Articles This Week
Insider Trading
Selling Shares
$5.12 M Sold Last Quarter
Proj. Earnings Growth
6.56%
From $1.83 to $1.95 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.

4.60 out of 5 stars

Computer And Technology Sector

109th out of 602 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

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Zoom Video Communications Inc - Ordinary Shares - Class A
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Zoom Video Communications (NASDAQ:ZM) Rating Reiterated by Wedbush
Revolutionary Device Redefines Cancer Detection
Discover the breakthrough device that could transform the lives of the estimated 68 million Americans affected by skin cancer. Achieving unprecedented accuracy, this device identifies cancer's molecular signature in just 1.5 seconds. This innovation marks a rapid advance in the battle against cancer. See how investors are unlocking 10% in bonus shares for a limited time.
Zoom Stock (NASDAQ:ZM): Zoom Out and See the Big Picture
Q4 2024 Zoom Video Communications Inc Earnings Call
Zoom Q4: Growth Story Evaporates
Zoom Q4 Earnings: Not Planning On Zooming Away
Zoom Stock Rises After Company's Robust Earnings Outlook
See More Headlines
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Company Calendar

Last Earnings
11/20/2023
Today
3/01/2024
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
8,484
Year Founded
2011

Price Target and Rating

Average Stock Price Target
$78.00
High Stock Price Target
$95.00
Low Stock Price Target
$60.00
Potential Upside/Downside
+10.3%
Consensus Rating
Hold
Rating Score (0-4)
2.18
Research Coverage
17 Analysts

Profitability

Net Income
$103.71 million
Pretax Margin
9.78%

Debt

Sales & Book Value

Annual Sales
$4.53 billion
Cash Flow
$2.24 per share
Book Value
$21.12 per share

Miscellaneous

Free Float
270,084,000
Market Cap
$21.53 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 27, 2024 at 2:45 PM.

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 has seen significant growth in recent years.
  • The company has shown strong financial performance with increasing annual revenue and net income.
  • Zoom's stock price has been performing well, showing positive price changes in recent periods.
  • Zoom has a high market capitalization, indicating investor confidence in the company.
  • Zoom has a strong return on equity and return on assets, showcasing efficient use of investor funds.

Cons

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

  • Zoom's high valuation metrics like P/E ratio and forward P/E may indicate overvaluation.
  • Debt-to-equity ratio of Zoom may be a concern for some investors.
  • Zoom's high beta may lead to increased volatility in the stock price.
  • Consensus price target may suggest limited upside potential for the stock.
  • Zoom's high percentage held by institutional investors may limit retail investor influence.














ZM Stock Analysis - Frequently Asked Questions

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

17 Wall Street 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 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?

17 brokerages have issued 1 year price targets for Zoom Video Communications' shares. Their ZM share price targets range from $60.00 to $95.00. On average, they anticipate the company's share price to reach $78.00 in the next twelve months. This suggests a possible upside of 10.3% 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 start of the year. Since then, ZM shares have decreased by 1.6% and is now trading at $70.73.
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) issued its quarterly earnings results on Monday, November, 20th. The company reported $1.29 earnings per share for the quarter, topping 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 14.08% and a trailing twelve-month return on equity of 10.04%. The business's revenue was up 3.2% compared to the same quarter last year. 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 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 EPS 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?

(ZM) raised $627 million in an initial public offering (IPO) 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 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 3/1/2024 by MarketBeat.com Staff