Zoom Video Communications, Inc. provides a video-first communications platform that delivers changes how people interact primarily in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It connects people through frictionless video, voice, chat, and content sharing. The company's cloud-native platform enables face-to-face video experiences and connects users across various devices and locations in a single meeting. It serves education, entertainment/media, enterprise infrastructure, finance, healthcare, manufacturing, non-profit/not for profit and social impact, retail/consumer products, and software/Internet industries, as well as individuals. The company was formerly known as Zoom Communications, Inc. and changed its name to Zoom Video Communications, Inc. in May 2012. Zoom Video Communications, Inc. was founded in 2011 and is headquartered in San Jose, California.
Industry, Sector and Symbol
Industry Computer programming, data processing, & other computer related
Sub-IndustryN/A
SectorComputer and Technology
CIKN/A
Phone888-799-9666
Debt
Price-To-Earnings
Sales & Book Value
Annual SalesN/A
Profitability
Miscellaneous
Employees1,702
Next Earnings Date12/5/2019 (Estimated)
OptionableNot Optionable
Zoom Video Communications (NASDAQ:ZM) Frequently Asked Questions
What is Zoom Video Communications' stock symbol?
Zoom Video Communications trades on the NASDAQ under the ticker symbol "ZM."
How were Zoom Video Communications' earnings last quarter?
Zoom Video Communications Inc (NASDAQ:ZM) announced its quarterly earnings data on Thursday, September, 5th. The company reported $0.08 earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.02) by $0.10. The firm had revenue of $145.80 million for the quarter, compared to analysts' expectations of $130.55 million. Zoom Video Communications's revenue for the quarter was up 95.7% on a year-over-year basis. View Zoom Video Communications' Earnings History.
When is Zoom Video Communications' next earnings date?
What guidance has Zoom Video Communications issued on next quarter's earnings?
Zoom Video Communications issued an update on its FY20 earnings guidance on Thursday, September, 5th. The company provided earnings per share guidance of $0.18-0.19 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.03. The company issued revenue guidance of $587-890 million, compared to the consensus revenue estimate of $546.73 million.
What price target have analysts set for ZM?
20 brokers have issued twelve-month target prices for Zoom Video Communications' shares. Their forecasts range from $45.00 to $125.00. On average, they expect Zoom Video Communications' share price to reach $90.4756 in the next year. This suggests a possible upside of 9.5% from the stock's current price. View Analyst Price Targets for Zoom Video Communications.
What is the consensus analysts' recommendation for Zoom Video Communications?
20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Zoom Video Communications in the last year. There are currently 2 sell ratings, 11 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Zoom Video Communications.
What are Wall Street analysts saying about Zoom Video Communications stock?
Here are some recent quotes from research analysts about Zoom Video Communications stock:
- 1. According to Zacks Investment Research, "Zoom Video Communications Inc. is a provider of video and web conferencing services. The Company unifies cloud video conferencing, online meetings, group messaging and a software-defined video conference room solution into one platform. Its solution offers video, audio and screen-sharing experience across Windows, Mac, Linux, Android, BlackBerry, Zoom Rooms and H.323/Session Initiation Protocol room systems, such as Polycom and Cisco Tandberg. Zoom Video Communications Inc. is based in San Jose CA. " (9/14/2019)
- 2. Rosenblatt Securities analysts commented, "We adjust our FY20 estimates in-line with guidance, and increase our FY21 estimates to $840M/+$.30. Our increased enthusiasm and obvious strategic value for the company leads us to increase our 12-month price target to $90, from $80, valuing the company at 30x FY21 revenues. Our rating remains neutral." (9/5/2019)
Has Zoom Video Communications been receiving favorable news coverage?
News articles about ZM stock have trended somewhat negative this week, InfoTrie reports. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Zoom Video Communications earned a news sentiment score of -1.3 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Zoom Video Communications.
Who are some of Zoom Video Communications' key competitors?
Some companies that are related to Zoom Video Communications include Baidu (BIDU), Twitter (TWTR), IHS Markit (INFO), Snap (SNAP), Match Group (MTCH), Yandex (YNDX), Weibo (WB), FactSet Research Systems (FDS), Trade Desk (TTD), Line (LN), 58.com (WUBA), Sabre (SABR), Wix.Com (WIX), InterXion (INXN) and Tripadvisor (TRIP).
What other stocks do shareholders of Zoom Video Communications own?
Who are Zoom Video Communications' key executives?
Zoom Video Communications' management team includes the folowing people:
- Mr. Eric S. Yuan, Founder, Pres, CEO & Chairman (Age 49)
- Ms. Kelly Steckelberg, Chief Financial Officer (Age 51)
- Mr. Roy Benhorin, Chief Accounting Officer
- Mr. Harry D. Moseley, Chief Information Officer
- Ms. Aparna Bawa, Gen. Counsel & Sec. (Age 41)
When did Zoom Video Communications IPO?
(ZM) raised $627 million in an initial public offering 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.
When does Zoom Video Communications' lock-up period expire?
Zoom Video Communications' lock-up period expires on Tuesday, October 15th. Zoom Video Communications had issued 20,869,565 shares in its IPO on April 18th. The total size of the offering was $751,304,340 based on an initial share price of $36.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.
Who are Zoom Video Communications' major shareholders?
Zoom Video Communications' stock is owned by a number of of retail and institutional investors. Top institutional investors include SALESFORCE.COM Inc. (1.02%), Vanguard Group Inc. (0.63%), Coatue Management LLC (0.45%), Whale Rock Capital Management LLC (0.45%), Price T Rowe Associates Inc. MD (0.40%) and BlackRock Inc. (0.32%). Company insiders that own Zoom Video Communications stock include Carl M Eschenbach, Emergence Capital Partners Iii, Eric S Yuan and Janine Pelosi. View Institutional Ownership Trends for Zoom Video Communications.
Which institutional investors are buying Zoom Video Communications stock?
ZM stock was purchased by a variety of institutional investors in the last quarter, including SALESFORCE.COM Inc., Vanguard Group Inc., Coatue Management LLC, Whale Rock Capital Management LLC, Price T Rowe Associates Inc. MD, BlackRock Inc., Morgan Stanley and SRS Investment Management LLC. View Insider Buying and Selling for Zoom Video Communications.
How do I buy shares of Zoom Video Communications?
Shares of ZM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is Zoom Video Communications' stock price today?
One share of ZM stock can currently be purchased for approximately $82.63.
How big of a company is Zoom Video Communications?
What is Zoom Video Communications' official website?
How can I contact Zoom Video Communications?
Zoom Video Communications' mailing address is 55 ALMADEN BOULEVARD 6TH FLOOR, SAN JOSE CA, 95113. The company can be reached via phone at 888-799-9666.
MarketBeat Community Rating for Zoom Video Communications (NASDAQ ZM)
MarketBeat's community ratings are surveys of what our community members think about Zoom Video Communications and other stocks. Vote "Outperform" if you believe ZM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ZM will underperform the S&P 500 over the long term. You may vote once every thirty days.
