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Why Zoom Video Communications (ZM) Outpaced the Stock Market Today
Zacks Investment Research· 2024-01-29 23:56
The latest trading session saw Zoom Video Communications (ZM) ending at $68.93, denoting a +1.76% adjustment from its last day's close. This change outpaced the S&P 500's 0.76% gain on the day. At the same time, the Dow added 0.59%, and the tech-heavy Nasdaq gained 1.12%.Heading into today, shares of the video-conferencing company had lost 5.8% over the past month, lagging the Computer and Technology sector's gain of 4.99% and the S&P 500's gain of 2.5% in that time.Analysts and investors alike will be keep ...
Zoom Is Down 88% From Its All-Time High, Is Cathie Wood Still Right About This Once Unstoppable Stock?
The Motley Fool· 2024-01-23 13:42
The spread of COVID-19 emptied out offices around the world. Employees at all levels worked from home and relied on enhanced cybersecurity protocols and video conferencing tools to stay productive.One company that played a big role in the shift to remote work was Zoom Video Communications (ZM 0.80%). Unsurprisingly, Zoom experienced unparalleled demand as businesses required the ability to meet virtually. Moreover, as corporate executives touted the benefits of remote work, many started to believe that retu ...
Zoom Video Communications (ZM) Beats Stock Market Upswing: What Investors Need to Know
Zacks Investment Research· 2024-01-22 23:56
Zoom Video Communications (ZM) ended the recent trading session at $69.59, demonstrating a +0.8% swing from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.22%. Meanwhile, the Dow experienced a rise of 0.36%, and the technology-dominated Nasdaq saw an increase of 0.32%.The the stock of video-conferencing company has fallen by 4.77% in the past month, lagging the Computer and Technology sector's gain of 3.64% and the S&P 500's gain of 1.61%.The upcoming earnings release of ...
Could Zoom Stock Help You Become a Millionaire?
The Motley Fool· 2024-01-19 13:47
When videoconferencing software company Zoom Video Communications (ZM -0.93%) held its initial public offering (IPO) in 2019, shares began trading around $65. Today, Zoom trades at only $70. In short, it hasn't helped anyone become a millionaire so far -- it's losing to the market, after all.Counterintuitively, Zoom's business is mind-numbingly bigger now than it was then. In less than five years, its trailing-12-month (TTM) revenue is up close to 1,300%, and it continues to climb. And it has a $6.5 billion ...
Why Zoom Video Communications (ZM) Dipped More Than Broader Market Today
Zacks Investment Research· 2024-01-17 00:34
Zoom Video Communications (ZM) closed the most recent trading day at $69.10, moving -1.93% from the previous trading session. This change lagged the S&P 500's 0.37% loss on the day. Meanwhile, the Dow lost 0.62%, and the Nasdaq, a tech-heavy index, lost 0.19%.Heading into today, shares of the video-conferencing company had lost 1.26% over the past month, lagging the Computer and Technology sector's gain of 1.22% and the S&P 500's gain of 1.56% in that time.The investment community will be closely monitoring ...
Zoom Video Communications (ZM) Stock Falls Amid Market Uptick: What Investors Need to Know
Zacks Investment Research· 2024-01-11 00:35
Zoom Video Communications (ZM) closed the most recent trading day at $68.18, moving -0.19% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.57%. Meanwhile, the Dow gained 0.46%, and the Nasdaq, a tech-heavy index, added 0.75%.The video-conferencing company's shares have seen a decrease of 4.17% over the last month, not keeping up with the Computer and Technology sector's gain of 1.51% and the S&P 500's gain of 3.4%.Investors will be eagerly watching for the p ...
1 Surprising Artificial Intelligence (AI) Stock to Buy Before It Grows 2,139%, According to Cathie Wood's Ark Invest
The Motley Fool· 2024-01-07 12:00
Just about every company on Earth pushed to incorporate artificial intelligence into their operations and products in 2023. Indeed, AI is driving massive increases in productivity for knowledge workers around the world. And one company is poised to see a huge benefit as businesses push to make their employees more efficient.Zoom Video Communications (ZM 0.09%) has built out several AI features to help remote workers -- everyone from salespeople to software engineers -- use their time more effectively. And A ...
Zoom Video Communications: Why I Reiterate My Buy Rating
Seeking Alpha· 2023-12-25 12:05
alexsl Zoom’s (NASDAQ:ZM) business, although performing with slow momentum, continues to outpace investor expectations. For FY 2024, Zoom management now expects to generate about $4,495 billion in sales and $1,743 billion in operating earnings. And while the new calendar year is unlikely to bring a pivot in Zoom’s organic growth trajectory, there is little indication that suggests contracting fundamentals. On that note, I view Zoom’s EV/EBIT multiple of <9x as a "no-brainer" buying opportunity. I reiter ...
Zoom Video Communications, Inc. (ZM) Presents at Barclays Global Technology Conference (Transcript)
2023-12-06 20:20
Zoom Video Communications, Inc. (NASDAQ:ZM) Barclays Global Technology Conference December 6, 2023 1:25 PM ET Company Participants Kelly Steckelberg - CFO Conference Call Participants Pete Newton - Barclays Pete Newton Awesome. Good morning, everybody. And thank you for coming to the Barclays TMT Global Tech Conference. Happy to be here today. My name is Pete Newton. Obviously, I'm not Ryan MacWilliams. Ryan just gave birth or his wife just gave birth or their first job. So, if you see him, congrats. If you ...
Zoom Video Communications, Inc. (ZM) Presents at 2023 Wells Fargo TMT Summit (Transcript)
2023-11-29 22:03
Zoom Video Communications, Inc. (NASDAQ:ZM) 2023 Wells Fargo TMT Summit November 29, 2023 2:00 PM ET Company Participants Kelly Steckelberg - CFO Conference Call Participants Michael Turrin - Wells Fargo Michael Turrin Thanks, everyone, for joining. This is Day 2 of the Wells Fargo TMT Summit here in Southern California. Pleased to have with us CFO of Zoom, Kelly Steckelberg, with us for the next session. Kelly, thanks for joining. Kelly Steckelberg Of course, thank you for having us. Michael Turrin Maki ...