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

$73.38
+1.45 (+2.02%)
(As of 11:40 AM ET)
Compare
Today's Range
$71.17
$73.69
50-Day Range
$59.29
$71.93
52-Week Range
$58.87
$85.13
Volume
1.61 million shs
Average Volume
3.80 million shs
Market Capitalization
$22.08 billion
P/E Ratio
100.52
Dividend Yield
N/A
Price Target
$79.84

Zoom Video Communications MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
11.1% Upside
$79.84 Price Target
Short Interest
Bearish
6.91% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.34
Upright™ Environmental Score
News Sentiment
0.53mentions of Zoom Video Communications in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$11.27 M Sold Last Quarter
Proj. Earnings Growth
-12.14%
From $2.06 to $1.81 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.45 out of 5 stars

Computer And Technology Sector

171st out of 592 stocks

Software - Application Industry

11th out of 41 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

Zoom Video Communications: A tech phoenix ready to rise
Zoom Video Communications had a solid quarter, outperforming the analysts and raising guidance above the target range; all it needs is a catalyst to rise again
Atlassian fumbles the quarter but is still leading the game (ZM)
Collaboration software developer Atlassian's stock dropped 10% after its latest earnings report showed slowing growth, but the company is still a sector leader
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Wells Fargo Keeps Their Hold Rating on Zoom Video Communications (ZM)
Zoom: Only An Inline Performer In The Near-To-Mid Term
3 Tech ETFs on the Rise to Buy
Zoom Video Communications Stock: Bear vs. Bull
See More Headlines
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Company Calendar

Last Earnings
11/20/2023
Today
12/08/2023
Fiscal Year End
1/31/2024
Next Earnings (Estimated)
2/26/2024

Industry, Sector and Symbol

Industry
Software - Application
Sub-Industry
N/A
Fax
N/A
Employees
8,484
Year Founded
2011

Price Target and Rating

Average Stock Price Target
$79.84
High Stock Price Target
$100.00
Low Stock Price Target
$66.00
Potential Upside/Downside
+11.0%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
20 Analysts

Profitability

Net Income
$103.71 million
Pretax Margin
9.78%

Debt

Sales & Book Value

Annual Sales
$4.39 billion
Cash Flow
$2.21 per share
Book Value
$21.12 per share

Miscellaneous

Free Float
267,009,000
Market Cap
$21.65 billion
Optionable
Not Optionable
Beta
-0.09

Social Links

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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, November 28, 2023 at 10:30 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 is widely used in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.
  • The company has experienced significant growth and success in recent years, making it an attractive investment opportunity.
  • Zoom Video Communications, Inc. has a strong market presence and is considered a leader in the video communications industry.
  • Investing in Zoom Video Communications, Inc. allows investors to capitalize on the increasing demand for remote communication solutions, especially in light of recent global events.
  • Zoom Video Communications, Inc. has a solid financial performance, with consistent revenue growth and profitability.

Cons

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

  • While Zoom Video Communications, Inc. has experienced significant growth, there is also increased competition in the video communications market, which could impact the company's market share and profitability.














ZM Stock Analysis - Frequently Asked Questions

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

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Zoom Video Communications in the last twelve months. There are currently 15 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?

20 equities research analysts have issued 12-month target prices for Zoom Video Communications' shares. Their ZM share price targets range from $66.00 to $100.00. On average, they expect the company's share price to reach $79.84 in the next twelve months. This suggests a possible upside of 11.1% 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 2023?

Zoom Video Communications' stock was trading at $67.74 at the beginning of 2023. Since then, ZM stock has increased by 6.1% and is now trading at $71.84.
View the best growth stocks for 2023 here
.

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 were Zoom Video Communications' earnings last quarter?

Zoom Video Communications, Inc. (NASDAQ:ZM) announced 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 the consensus estimate of $1.12 billion. Zoom Video Communications had a net margin of 5.21% and a trailing twelve-month return on equity of 4.93%. The firm's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.21 EPS.

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

Zoom Video Communications issued an update on its fourth quarter earnings guidance on Monday, November, 20th. The company provided earnings per share (EPS) guidance of $1.13-1.15 for the period, compared to the consensus earnings per share estimate of $1.09. The company issued revenue guidance of $1.125-1.130 billion, compared to the consensus revenue estimate of $1.13 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 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 many different retail and institutional investors. Top institutional investors include ARK Investment Management LLC (3.38%), Sumitomo Mitsui Trust Holdings Inc. (2.12%), FMR LLC (1.60%), Alkeon Capital Management LLC (0.00%), Baillie Gifford & Co. (1.07%) and Morgan Stanley (0.99%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:ZM) was last updated on 12/8/2023 by MarketBeat.com Staff

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