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Zoom Video Communications Inc #ZM Stock Price, Live Chart & Analysis Trade #ZM

what is zoom video trading at

Its current rating indicates more funds are buying than selling. In July 2021, Zoom Video and Five9 (FIVN), which automates call center services, announced a deal to merge. Rather than increase revenue, Zoom Video expects gen AI tools to retain https://www.topforexnews.org/ and add customers. Zoom Video has a market cap or net worth of $21.44 billion as of March 6, 2024. Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on 5G wireless, artificial intelligence, cybersecurity and cloud computing.

With the coronavirus emergency long over, the clock is ticking on Zoom Video Communications (ZM). A rebound in revenue growth for Zoom stock depends on its success in the corporate market. And the https://www.currency-trading.org/ outlook for ZM stock is tied to whether the company morphs into a broader business communications platform. It is worth remembering that the competition is high in the video conferencing industry.

Microsoft (MSFT) and its Teams communications tools are Zoom’s major rival in the business market. Microsoft is upgrading its products with technology from startup OpenAI. Zoom Video is racing to build more artificial intelligence tools into its business communications platform. Zoom Video recently backed off from https://www.investorynews.com/ a change in its terms of service for platform users that would have enabled it to gather data to train AI models. Market capitalization, also called net worth, is the total value of all of a company’s outstanding shares. It is calculated by multiplying the stock price by the number of shares outstanding.

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One key to Zoom’s success has been a “freemium” business model. Also, Zoom Video has forged new deals in the enterprise market, such as one with software maker ServiceNow (NOW). It’s not clear how much some new product initiatives are contributing to growth.

Zoom Video in early March said company President Greg Tomb, a former cloud computing executive at Alphabet’s (GOOGL) Google, will leave. Zoom Video in July rolled out Zoom Workforce Management, which improves agent productivity by automating/optimizing agent work shifts and monitoring agent performance. On Feb. 1, Zoom Video said it will cut 2% of its workforce, about 150 jobs.

Further, Zoom stock holds an IBD Composite Rating of 71 out of 99. The best growth stocks have a Composite Rating of 90 or better. Zoom earnings for the quarter ending Jan. 31 were 1.42 per share on an adjusted basis, up 16% from a year earlier. A “Zoom Meeting” refers to a videoconferencing session hosted on its cloud infrastructure. Paid Zoom business plans cost $15 or $20 per employee and require minimums of 10 or 50 seats.

Amid Covid-19 emergency, demand for Zoom videoconferencing software surged as businesses told employees to work from home. Since April 18, 2019, Zoom Video’s market cap has increased from $15.91B to $21.44B, an increase of 34.78%. In December 2021, Zoom acquired the assets of Limina (l), an event production startup, as it was necessary to cater to increasing industry needs. This step was very significant for Zoom as Liminal specialized in creating tools for large-scale online events. Zoom stock analysts had projected earnings of $1.15 a share on sales of $1.13 billion. Yuan then became Cisco’s corporate vice president of engineering for collaboration software.

  1. It is worth remembering that the competition is high in the video conferencing industry.
  2. The company’s shares reached this mark during the growth of the pandemic in 2020.
  3. Zoom software gets high ratings for ease of use and simplicity following earlier video services that provided jerky images and out-of-sync audio.

Another factor for the growth of Zoom Video Communications stocks’ price may be a new round of the pandemic, for example. The all-time high of Zoom share’s price was $568.34 on October 19, 2020. The company’s shares reached this mark during the growth of the pandemic in 2020.

Market Cap History

In May, Zoom announced an investment in AI startup Anthropic to support research roadmaps. Anthropic’s AI model will be integrated into Zoom’s Contact Center platform. At its annual Zoomtopia user conference in early October, the company said it will not charge customers for use of its AI Companion. Its capabilities include meeting/chat summaries and smart recordings.

The Nasdaq composite shot up 43% amid buzz over generative artificial intelligence technology. ZM stock holds an Accumulation/Distribution Rating of C-minus. That rating analyzes price and volume changes in a stock over the past 13 weeks of trading.

The competitive advantage of Zoom Video Communications is the geographical coverage of its activities and active international expansion. The Zoom Video Communications Class A ordinary shares have been listed on the NASDAQ Stock Exchange since April 18, 2019, under the ticker #ZM. Zoom Video Communications Inc. is a global leader in video communication software. The company was founded in 2011 and is headquartered in San Jose, California. Zoom is used worldwide for video meetings, webinars and online events. It has good compatibility — the application can be run on any device using one account.

what is zoom video trading at

The Zoom IPO in April 2019 raised $752 million, with shares priced at 36. Zoom puts limits on the number of participants in a group call and the length of meetings. Zoom software gets high ratings for ease of use and simplicity following earlier video services that provided jerky images and out-of-sync audio. Zoom Video aims to be a player in the contact center market with its own products and services. In the business market, Zoom rivals include RingCentral (RNG), Cisco Systems (CSCO), Google and others. Growth in annual recurring revenue for business customers with contracts topping $100,000 is one metric to monitor.

Video Center

For example, in June 2021, Zoom bought Kites, the creator of a real-time speech translator. For fiscal 2025, Zoom said it expects earnings of $4.86 per share at the midpoint of its outlook vs. estimates of $4.66 per share. The company said it expects revenue of roughly $4.6 billion vs. estimates of $4.637 billion.

Also, Zoom morphed into a social phenomenon as making video calls became routine for consumers to keep in touch with family and friends. Remote learning and needs in telemedicine also boosted demand for Zoom Video’s cloud-based services. Meanwhile, recently told its employees to report to its offices on a more regular basis.

Zoom Video Communications Inc. stock rises Thursday, outperforms market

Microsoft, Cisco, Polycom, Blue Jeans Network strive to expand their presence in the market and constantly release new solutions in the field of communications. If consumers end up using their products, it will negatively affect the Zoom stock price. Zoom’s cloud-based software sets up video calls, with chat tools available. Sales growth slowed for the ninth-straight quarter as the company adjusts to slower product demand in the post-coronavirus emergency era. Analysts have debated when decelerating sales will hit a bottom. Zoom Video Communications acquires other companies and gains access to new technologies.

In the enterprise market for business customers, revenue rose 5% to $667.3 million, topping estimates of $658 million. Zoom Phone, a cloud-calling product rolled out in 2019, lets customers set up group internet phone calls without video. The Zoom Phone replaces traditional business PBX phone systems. As the coronavirus crisis eases, retaining small businesses as well as corporate accounts will be one key to Zoom’s success. For customers with one to 10 employees, renewals are expected to slow as the economy reopens and shelter-in-place orders lift. Zoom Video reported January-quarter earnings and revenue that topped estimates and announced a $1.5 billion buyback of its own shares.