Zoom Video Communications, Inc. (ZM)
| Market Cap | 18.04B |
| Revenue (ttm) | 4.56B |
| Net Income (ttm) | 838.33M |
| Shares Out | 309.25M |
| EPS (ttm) | 2.70 |
| PE Ratio | 21.61 |
| Forward PE | 11.56 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,902,816 |
| Open | 59.37 |
| Previous Close | 59.21 |
| Day's Range | 58.29 - 59.86 |
| 52-Week Range | 55.63 - 75.91 |
| Beta | -0.01 |
| Analysts | Hold |
| Price Target | 75.80 (+29.93%) |
| Earnings Date | Aug 19, 2024 |
About ZM
Zoom Video Communications, Inc. provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices. It also provides Zoom Rooms, a software-based conference ro... [Read more]
Financial Performance
In 2023, ZM's revenue was $4.53 billion, an increase of 3.06% compared to the previous year's $4.39 billion. Earnings were $637.46 million, an increase of 514.69%.
Financial StatementsAnalyst Forecast
According to 21 analysts, the average rating for ZM stock is "Hold." The 12-month stock price forecast is $75.8, which is an increase of 29.93% from the latest price.
News
Zoom Slips Following Mixed Results
Zoom CFO Kelly Steckelberg joins Caroline Hyde to discuss the company's quarterly results and why the company sees growth in the second half of the year. She speaks on "Bloomberg Technology.
Zoom Doubles Down on AI Strategy to Fuel Future Growth
Zoom is making a bet that artificial intelligence will be the key to driving growth and expanding its business beyond video conferencing. The video communications company's first-quarter earnings call...
Zoom Stock Is Tumbling. After Earnings, Analysts Are Upbeat on AI Initiatives.
Videoconferencing firm Zoom expects second-quarter revenue of $1.145 billion to $1.15 billion, shy of the $1.151 billion analysts had expected.
Palo Alto Networks (PANW) & Zoom Video (ZM) Earnings Just Released
Palo Alto Networks' (PANW) 3Q adjusted EPS came in at $1.32 versus an estimated $1.25 and revenue came in at $1.98B versus an estimated $1.97B. Zoom Video's (SM) 1Q adjusted EPS came in at $1.35 versu...
Zoom bumps its longer-term outlook higher, but near-term forecast comes up short
Zoom Video Communications Inc. on Monday bumped its full-year profit and sales forecast higher, after reporting first-quarter results that beat Wall Street's expectations, helped by a broader artifici...
Zoom Video raises full-year revenue forecast
Zoom Video Communications raised its full-year revenue forecast on Monday, helped by robust demand for its product portfolio as companies continue to adopt hybrid work models.
Zoom Video Communications Reports Financial Results for the First Quarter of Fiscal Year 2025
SAN JOSE, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ: ZM), today announced financial results for the first fiscal quarter ended April 30, 2024.
Earnings Exchange: Palo Alto Networks, Zoom & Macy's
Jeff Kilburg, KMM Financial founder and CEO, joins CNBC's 'The Exchange' to discuss three trades: Palo Alto Networks, Zoom, and Macy's.
Zoom (ZM)stock: pandemic darling faces a bleak future
Zoom Communications (NASDAQ: ZM) stock price has gone through a prolonged turbulence in the past few years. After surging to $588 during the pandemic, it has dropped to $64, bringing its market cap to...
Meta to Shut Workplace Tool; Zoom Video's Workvivo Named Preferred Migration Partner
Meta said the company was discontinuing the Workplace product in order to focus on building AI and metaverse technology.
Workvivo by Zoom is named preferred migration partner for Workplace from Meta
Meta is discontinuing Workplace and will partner with Workvivo to assist with customer transitions. Meta is discontinuing Workplace and will partner with Workvivo to assist with customer transitions.
Zoom Video Stock May Rise 26% On Bet AI Can Boost Growth, Best Rivals
Shares of Zoom Video have lost 89% of their peak value reached in October 2020. Zoom stock has fallen slightly in the year ending May 5 while the company's revenue has inched up.
Zoom to Release Financial Results for the First Quarter of Fiscal Year 2025
SAN JOSE, Calif., May 01, 2024 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ: ZM) today announced it will release its financial results for the first quarter of fiscal year 2025 on Monda...
Zoom: Rosenblatt upgrades the stock after positive channel checks
Catharine Trebnick, Rosenblatt senior research analyst, joins 'Money Movers' to discuss the firm's upgrade of Zoom.
Zoom and Salesforce stand to benefit from Microsoft's unbundling of Teams and Office
Microsoft's decision to untie its Teams communications app from Office bundles is a potential boon for rivals Zoom and Salesforce.
Q-SYS Control for Zoom Rooms App Now Available
COSTA MESA, Calif.--(BUSINESS WIRE)--Q-SYS, a division of QSC LLC, is pleased to announce the Q-SYS Control for Zoom Rooms App. Integrators and IT end users can now enable third-party room controls us...
Zoom and Avaya announce new strategic partnership to deliver enhanced collaboration experiences
Avaya selects Zoom‘s AI-powered collaboration platform, Zoom Workplace, to integrate with Avaya's Communication and Collaboration Suite to help enterprises reimagine teamwork Avaya selects Zoom‘s AI-p...
Zoom Video Unveils AI-Powered Collaboration Software
Zoom Workplace is part of the company's efforts to expand beyond video conferencing.
Zoom unveils AI-powered collaboration platform, Zoom Workplace, to reimagine teamwork
Zoom Workplace, the new AI-powered collaboration platform, helps reimagine teamwork, facilitate connections, and improve productivity — all within the Zoom experience users trust and love Zoom announc...
Zoom announces communications compliance solution, Zoom Compliance Manager
Zoom announced Zoom Compliance Manager, an all-in-one offering that provides archiving, eDiscovery, legal hold, and information protection capabilities.
Zoom Growth Slowdown, Snowflake Downgraded, 3M Upgraded with New CEO | Top Calls
Top calls today are Zoom Growth Slowdown, Snowflake Downgraded, 3M Upgraded with New CEO.
AMC Theaters Add ‘Zoom Rooms' Amid Remote Work Transformation
Zoom could be coming soon to a theater near you. The video conferencing platform has launched a partnership with AMC Entertainment to allow businesses to hold remote meetings and events at AMC's multi...
Trade Tracker: Josh Brown sells McDonald's and Zoom
Josh Brown, Ritholtz Wealth Management CEO, joins CNBC's "Halftime Report" to explain why he sold these two names: McDonald's and Zoom.
Zoom CFO Kelly Steckelberg goes one-on-one with Jim Cramer
Zoom CFO Kelly Steckelberg joins 'Mad Money' host Jim Cramer to talk its share repurchasing program, investing in growth, the state of remote work and more.