Zoom Video Communications, Inc ZM Stock Price, News, Quote & History
This analysis delves into the latest insights on Zoom Video Comms. Ark Invest has backed estimates up by taking a significant position in the media stock. Zoom makes up almost 7% of its flagship fund, the Ark Innovation ETF, making the Cathie Wood investment its fourth-largest holding. Across all Ark Invest funds, Zoom makes up around 4.5% of the company’s holdings. As Wood and others have stated, Zoom is much more than an online meeting platform.
Latest ZM news
Still, operating income fell during that period, and much of the gain came from $114 million in “other income,” which consists of income from interest, foreign currency, and marketable securities. Unfortunately for Zoom bulls, that “increase” is likely a one-time event. Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you’re planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Elsewhere, the Dow saw a downswing of 0.28%, while the tech-heavy Nasdaq appreciated by 1.04%. The facts discussed here and much other information on Zacks.com might help determine whether or not it’s worthwhile paying attention to the market buzz about Zoom Video. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term. Zoom Video is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Eagle Asset Management Inc. Takes $62.04 Million Position in Zoom Video Communications, Inc. (NASDAQ:ZM)
Zacks may license the Zacks Mutual Fund rating provided herein to third parties, including but not limited to the issuer. best crypto trading bot The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Zoom Video. Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 price objective on shares of Zoom Video Communications in a research note on Thursday, October 10th. Morgan Stanley upped their target price on Zoom Video Communications from $68.00 to $86.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th.
With revenue growth nearing 95%, margins widening, and earnings soaring 111%, this might be NVIDIA’s most impressive performance yet. Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment. MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… Here at Zacks, we prioritize appraising the change in the projection of a company’s future earnings over anything else. That’s because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
© 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, atfx trading platform not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. While Zoom Video Communications currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys. Zoom is set to report third-quarter results on Monday after the bell. The Zacks Consensus Estimate calls for earnings of $1.31 per share, reflecting a 1.6% improvement relative to the same quarter last year.
- The platform connects people via video, phone, chat, and content sharing and can be integrated across a broad range of devices.
- Zoom Video is graded C on this front, indicating that it is trading at par with its peers.
- In the case of Zoom Video, the consensus sales estimate of $1.16 billion for the current quarter points to a year-over-year change of +2.3%.
- When earnings estimates for a company go up, the fair value for its stock goes up as well.
- The company was incorporated in 2011 and is headquartered in San Jose, California.
Valuation
Privacy Policy | No cost, no obligation to buy anything ever.Past performance is no guarantee of future results. The company is headquartered in San Jose, Calif., and has additional offices in more than 15 locations in the United States, Europe, Asia, and Australia. Meetings on the platform can host as many as 1,000 participants, while webinars can scale up to as many as 50,000. Zoom Video Communications (ZM 5.76%) is a bit of a mystery as a growth stock. Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools.
Revenue vs. Earnings
Still, the bear estimate calls for a $700-per-share or less stock price, amounting to more than a 10-fold gain from current levels if that price target holds. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, Zoom Video Communications possesses a Zacks Rank of #2 (Buy). For the current fiscal year, the consensus earnings estimate of $5.34 points to a change of +2.5% from the prior year. For the current quarter, Zoom Video is expected to post earnings of $1.31 per share, indicating a change of +1.6% from the year-ago quarter.
Compared to the Zacks Consensus Estimate of $1.15 billion, the reported revenues represent a surprise of +1.22%. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next days. Prior to founding Zoom, Yuan was corporate vice president of engineering at Cisco, and was a founding engineer and vice president of engineering for web and videoconferencing platform Webex. As of Aug. 23, 2021, Zoom had 240,744,533 outstanding shares of Class A common stock and 56,383,369 outstanding shares of Class B common stock.
The U.S. government has been increasing its scrutiny of Zoom on several fronts. In 2020, the United States charged a China-based Zoom executive with conspiring to disrupt videoconference commemorations of the 1989 Tiananmen Square democracy protests. Zoom is also the focus of several ongoing federal investigations related to its dealings with Beijing, according to the Journal. Between the AI tool and its expected growth in hybrid and remote knowledge workers, Ark Invest believes Zoom’s average revenue per user (ARPU) will grow by 26% yearly. Select to analyze similar companies using key performance metrics; select up to 4 stocks. The latest trading session saw Zoom Video Communications (ZM) ending at $77.75, denoting a -1.49% adjustment from its last day’s close.
For that period, the company reported net income of $672.3 million on revenue of $2.7 billion. However, Zoom has rapidly turned into a value stock that returns a respectable level of free-cash-flow growth. If Zoom can start monetizing some of the AI potential Ark Invest sees, it could inspire another bull market in its stock. The one area of modest strength is non-GAAP (adjusted) free cash flow, which increased almost 14% yearly to more than How to buy celsius $1.1 billion in the first three quarters of 2023.