NASDAQ:ZMZoom Video Communications Stock Price, Forecast & News

Zoom Video Communications' stock was trading at $110.30 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ZM shares have increased by 150.1% and is now trading at $275.87. View which stocks have been most impacted by Coronavirus.

24 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 12 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Zoom Video Communications.

Zoom Video Communications is scheduled to release its next quarterly earnings announcement on Thursday, September 3rd 2020. View our earnings forecast for Zoom Video Communications.

Zoom Video Communications Inc (NASDAQ:ZM) issued its quarterly earnings results on Tuesday, June, 2nd. The company reported $0.20 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.01 by $0.19. The company earned $328.20 million during the quarter, compared to the consensus estimate of $203.53 million. Zoom Video Communications had a net margin of 6.04% and a return on equity of 6.29%. The firm's quarterly revenue was up 169.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 earnings per share. View Zoom Video Communications' earnings history.

Zoom Video Communications issued an update on its FY21 earnings guidance on Tuesday, June, 2nd. The company provided earnings per share (EPS) guidance of $1.21-$1.29 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.44. The company issued revenue guidance of $1.775-$1.80 billion, compared to the consensus revenue estimate of $939.65 million.

24 analysts have issued 1 year price objectives for Zoom Video Communications' shares. Their forecasts range from $70.00 to $300.00. On average, they anticipate Zoom Video Communications' share price to reach $200.20 in the next twelve months. This suggests that the stock has a possible downside of 27.4%. View analysts' price targets for Zoom Video Communications.

News headlines about ZM stock have been trending very negative on Monday, according to InfoTrie. The research group rates the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Zoom Video Communications earned a news sentiment score of -3.2 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news about Zoom Video Communications.

Some companies that are related to Zoom Video Communications include Baidu (BIDU), Snap (SNAP), IHS Markit (INFO), Twitter (TWTR), Trade Desk (TTD), Yandex (YNDX), Pinterest (PINS), Wix.Com (WIX), FactSet Research Systems (FDS), GDS (GDS), Line (LN), Livongo Health (LVGO), Weibo (WB), 58.com (WUBA) and Legend Biotech (DADA). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Zoom Video Communications investors own include NVIDIA (NVDA), Alibaba Group (BABA), Netflix (NFLX), Tesla (TSLA), Walt Disney (DIS), Shopify (SHOP), Trade Desk (TTD), salesforce.com (CRM), Square (SQ) and Advanced Micro Devices (AMD).

(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 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 institutional and retail investors. Top institutional investors include Consolidated Capital Management LLC (0.01%), DNB Asset Management AS (0.00%), State of Alaska Department of Revenue (0.00%), Envestnet Asset Management Inc. (0.00%), Hoey Investments Inc. (0.00%) and TrimTabs Asset Management LLC (0.00%). Company insiders that own Zoom Video Communications stock include Aparna Bawa, Bart Swanson, Carl M Eschenbach, Emergence Capital Partners Iii, Eric S Yuan, Janine Pelosi, Jonathan Chadwick, Kelly Steckelberg, Kimberly Hammonds, Roy Benhorin and Santiago Subotovsky. View institutional ownership trends for Zoom Video Communications.

ZM stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Hoey Investments Inc., Carroll Financial Associates Inc., Consolidated Capital Management LLC, and Larson Financial Group LLC. Company insiders that have sold Zoom Video Communications company stock in the last year include Aparna Bawa, Bart Swanson, Carl M Eschenbach, Eric S Yuan, Janine Pelosi, Jonathan Chadwick, Kelly Steckelberg, Kimberly Hammonds, Roy Benhorin, and Santiago Subotovsky. View insider buying and selling activity for Zoom Video Communications.

ZM stock was acquired by a variety of institutional investors in the last quarter, including DNB Asset Management AS, State of Alaska Department of Revenue, TrimTabs Asset Management LLC, IBM Retirement Fund, HNP Capital LLC, Paragon Advisors LLC, Livforsakringsbolaget Skandia Omsesidigt, and Hummer Financial Advisory Services Inc. View insider buying and selling activity for 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.

One share of ZM stock can currently be purchased for approximately $275.87.

Zoom Video Communications has a market capitalization of $77.82 billion and generates $622.66 million in revenue each year. The company earns $25.31 million in net income (profit) each year or $0.09 on an earnings per share basis. Zoom Video Communications employs 2,532 workers across the globe.

The official website for Zoom Video Communications is www.zoom.us.

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.