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

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Zoom Video Communications in the last year. There are currently 1 sell rating, 15 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.
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21 equities research analysts have issued 1 year target prices for Zoom Video Communications' shares. Their ZM share price forecasts range from $66.00 to $102.00. On average, they anticipate the company's stock price to reach $82.09 in the next year. This suggests a possible upside of 20.2% from the stock's current price.
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Zoom Video Communications' stock was trading at $67.74 at the start of the year. Since then, ZM stock has increased by 0.8% and is now trading at $68.31.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 20th 2023.
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Zoom Video Communications, Inc. (NASDAQ:ZM) announced its quarterly earnings data on Monday, August, 21st. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.06 by $0.28. The firm earned $1.14 billion during the quarter, compared to analysts' expectations of $1.11 billion. Zoom Video Communications had a net margin of 3.17% and a trailing twelve-month return on equity of 3.51%. Zoom Video Communications's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 earnings per share.

ETFs with the largest weight of Zoom Video Communications (NASDAQ:ZM) stock in their portfolio include ARK Innovation ETF (ARKK), ARK Next Generation Internation ETF (ARKW), Spear Alpha ETF (SPRX), Global X Education ETF (EDUT), iShares Future Metaverse Tech and Communications ETF (IVRS), Global X Cloud Computing ETF (CLOU), First Trust Indxx Metaverse ETF (ARVR) and Direxion Daily Cloud Computing Bull 2x (CLDL).

Zoom Video Communications issued an update on its third quarter 2024 earnings guidance on Tuesday, August, 22nd. The company provided EPS guidance of $1.07-$1.09 for the period, compared to the consensus earnings per share estimate of $1.03. The company issued revenue guidance of $1.11 billion-$1.12 billion, compared to the consensus revenue estimate of $1.13 billion.

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.

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).

(ZM) raised $627 million in an initial public offering (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.

Zoom Video Communications trades on the NASDAQ under the ticker symbol "ZM."

Zoom Video Communications' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (4.51%), ARK Investment Management LLC (3.52%), Sumitomo Mitsui Trust Holdings Inc. (2.17%), Newlands Management Operations LLC (1.94%), Bank Julius Baer & Co. Ltd Zurich (1.90%) and Renaissance Technologies LLC (1.84%). 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.
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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.
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One share of ZM stock can currently be purchased for approximately $68.31.

Zoom Video Communications (NASDAQ:ZM) has a market capitalization of $20.56 billion and generates $4.39 billion in revenue each year. The company earns $103.71 million in net income (profit) each year or $0.44 on an earnings per share basis.

The company employs 8,484 workers across the globe.

Zoom Video Communications' mailing address is 55 ALMADEN BOULEVARD 6TH FLOOR, SAN JOSE CA, 95113. The official website for the company is www.zoom.us. The company can be reached via phone at (888) 799-9666 or via email at investors@zoom.us.