Zoom Video Communications (ZM) closed the latest trading day at $64.14, indicating a +0.75% change from the previous session's end. This move lagged the S&P 500's daily gain of 0.96%. At the same time, the Dow added 0.4%, and the tech-heavy Nasdaq gained 1.3%.Prior to today's trading, shares of the video-conferencing company had lost 7.87% over the past month. This has lagged the Computer and Technology sector's gain of 6.92% and the S&P 500's gain of 3.69% in that time.The upcoming earnings release of Zoom ...

The global workforce experienced a seismic shift towards remote operations during the pandemic, revealing the productivity benefits of remote work setups and attracting investor attention to both established and emerging remote work stocks. Zoom Video Communications (NASDAQ:ZM) perhaps exemplifies this shift, evolving from a pre-2020 web conferencing platform to a communication staple during the pandemic. Consequently, ZM stock gained a whopping 396% in 2020, becoming on the biggest pandemic success stories ...

When I purchased shares of Zoom Video Communications (ZM 2.82%) in late 2021, I knew its growth wouldn't be as good as it had been in 2020 and early 2021. However, I believed the adoption of Zoom's other products -- Phone, Rooms, and (later) Contact Center -- would provide enough of a runway for it to still be a good investment.It's now 2024, and while adoption of Zoom's other products has been great, its top-line growth has disappointingly been almost nonexistent. Revenue in its fiscal 2024 third quarter w ...

Zoom Video Communications (ZM) closed the latest trading day at $63.90, indicating a +0.03% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.06%. Meanwhile, the Dow experienced a rise of 0.13%, and the technology-dominated Nasdaq saw an increase of 0.24%.Coming into today, shares of the video-conferencing company had lost 6.31% in the past month. In that same time, the Computer and Technology sector gained 12.39%, while the S&P 500 gained 6.45%.The up ...

The most recent trading session ended with Zoom Video Communications (ZM) standing at $64.27, reflecting a -0.89% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 1.07%. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq added 1.74%.Prior to today's trading, shares of the video-conferencing company had lost 3.06% over the past month. This has lagged the Computer and Technology sector's gain of 4.83% and the S&P 500's gain of 2.93% in that time.Market par ...

Zoom Video Communications (NASDAQ:ZM) layoffs are coming to the communications platform prepares to cut roughly 150 jobs.Zoom notes that these layoffs will affect less than 2% of the company’s employees. They also aren’t companywide as the video meeting company plans to continue hiring across several other departments.Here’s what a Zoom spokesperson had to say about the layoffs in a statement to CNBC.“We regularly evaluate our teams to ensure alignment with our strategy. As part of this effort, we are resco ...

Shares of communications technology company Zoom Video Communications (ZM 0.37%) fell 10.2% in January, according to data provided by S&P Global Market Intelligence. There was little news to speak of during the month. However, CFO Kelly Steckelberg spoke at the 26th annual Needham Growth Conference on Jan. 11. And the talk did little to inspire investors.Growth could remain elusive for ZoomI believe it's important to frame this by pointing out Zoom's resilience. Few businesses have ever grown as fast as Zoo ...

Zoom Video Communications cut about 150 jobs, or less than 2% of its workforce, this week.At the same time, the company will continue hiring for positions related to artificial intelligence (AI), sales and engineering, Bloomberg reported Thursday (Feb. 1), citing an unnamed source.A spokesperson for the company told the media outlet that Zoom is rescaling roles and adding capabilities for the future, and that the company regularly evaluates its teams to ensure alignment with its strategy, per the report.Dur ...

Zoom Video Communications Inc. ZM, -0.03% said Thursday it will reduce its workforce about 2%, according to reports in the Wall Street Journal and Bloomberg. The job cuts will be division by division, a person familiar with the matter said Thursday. A company spokesperson said the company routinely evaluates its teams “to ensure alignment with our strategy. As part of this effort, we are rescoping roles to add capabilities and continue to hire in critical areas for the future” such as artificial intelligen ...

Zoom CEO Eric Yuan speaks at the Dropbox Work In Progress Conference in San Francisco on September 25, 2019.Zoom is cutting about 150 jobs, CNBC confirmed on Thursday, the latest tech company to slash headcount this year as investors continue to push for efficiency. A Zoom spokesperson confirmed the cuts amount to less than 2% of the company's workforce. "We regularly evaluate our teams to ensure alignment with our strategy," the spokesperson told CNBC in a statement. "As part of this effort, we are rescopi ...