Zoom Video Communications, Inc. (ZM)

NASDAQ: ZM · IEX Real-Time Price · USD
67.83
-0.12 (-0.18%)
Nov 30, 2023, 4:00 PM EST - Market closed
-0.18%
Market Cap 20.65B
Revenue (ttm) 4.50B
Net Income (ttm) 234.59M
Shares Out 304.42M
EPS (ttm) 0.75
PE Ratio 90.44
Forward PE 14.92
Dividend n/a
Ex-Dividend Date n/a
Volume 3,923,808
Open 68.39
Previous Close 67.95
Day's Range 67.25 - 68.68
52-Week Range 58.87 - 85.13
Beta -0.16
Analysts Hold
Price Target 80.11 (+18.1%)
Earnings Date Nov 20, 2023

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]

Sector Technology
IPO Date Apr 18, 2019
Employees 8,484
Stock Exchange NASDAQ
Ticker Symbol ZM
Full Company Profile

Financial Performance

In 2022, ZM's revenue was $4.39 billion, an increase of 7.15% compared to the previous year's $4.10 billion. Earnings were $103.70 million, a decrease of -92.46%.

Financial Statements

Analyst Forecast

According to 20 analysts, the average rating for ZM stock is "Hold." The 12-month stock price forecast is $80.11, which is an increase of 18.10% from the latest price.

Price Target
$80.11
(18.10% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Why Nvidia Stock May Have Peaked — And What Investors Can Learn From Zoom

Demand for Nvidia's graphics processing units has been exceeding supply, thanks to the rise of generative artificial intelligence.

Other symbols: NVDA
8 days ago - Forbes

Zoom CFO on Expanding the Platform, AI Tools

Zoom CFO Kelly Steckelberg joins Caroline Hyde and Ed Ludlow to discuss the company's recent earnings results and how it is expanding the platform into a full-collaboration and communication tool to d...

9 days ago - Bloomberg Technology

Zoom CFO discusses Q3 earnings, new products, AI risks

Zoom (ZM) topped third-quarter expectations and lifted its 2024 outlook, fueled partly by strong customer loyalty and expanding usage of tools beyond the company's standard video meetings. CFO Kelly S...

9 days ago - Yahoo Finance

Zoom CFO Kelly Steckelberg on Q3 earnings beat, OpenAI partnership

Zoom CFO Kelly Steckelberg joins 'Squawk Box' to discuss the company's quarterly earnings results, which posted better than expected third quarter results on top and bottom lines, OpenAI partnership, ...

9 days ago - CNBC Television

Zoom Video Communications: A tech phoenix ready to rise

Tech start-ups like Zoom Video Communications Inc. NASDAQ: ZM have had a hard time in 2023, but the story is rapidly changing. Zoom, like others, reported a better-than-expected third quarter, reveali...

9 days ago - MarketBeat

Zoom Video Hunts for New Growth. Analysts Say It's Possible but Not Certain.

The company showed progress on improving profitability and reducing the churn of lower-paying customers in its most recent earnings.

9 days ago - Barrons

Zoom beats Q3 expectations on AI offerings

Zoom Video Communications Inc (NASDAQ: ZM) just reported market-beating results for its fiscal third quarter. Its shares are up slightly in extended hours.

10 days ago - Invezz

Zoom shares jump after company raises sales and profit forecast

Shares of Zoom Video Communications Inc. moved higher in after-hours trading on Monday after the videoconferencing platform raised its full-year sales and profit outlook.

10 days ago - Market Watch

Zoom Video Communications Reports Financial Results for the Third Quarter of Fiscal Year 2024

SAN JOSE, Calif., Nov. 20, 2023 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ: ZM), today announced financial results for the third fiscal quarter ended October 31, 2023.

10 days ago - GlobeNewsWire

Three-Stock Lunch: Gap, App. Materials & Zoom

Jerry Castelli, Castleark Management CIO, joins ‘Power Lunch' to discuss three stocks: Gap, App. Materials and Zoom.

Other symbols: AMATGPS
13 days ago - CNBC Television

Jugo spaces unwraps premium immersive meetings at half the cost of Zoom, spreading holiday cheer and reconnecting teams

NEW YORK & LONDON--(BUSINESS WIRE)--Jugo spaces, an immersive meetings platform committed to redefining digital communication and collaboration, is unpacking survey data that reveals virtual meetings ...

16 days ago - Business Wire

PCI Pal Teams up with Zoom to Create Exceptional Secure Payment Experiences

CHARLOTTE, N.C.--(BUSINESS WIRE)--PCI Pal (LON: PCIP), the global SaaS provider of secure payment solutions for business communications, today announced it has joined forces with Zoom Video Communicat...

17 days ago - Business Wire

Zoom boomed during the pandemic, but the return-to-work drive means it's ready for a radical change

Zoom was a rare pandemic success story.  But as people return to the office, Zoom needs to branch out from virtual meetings, its key feature.

18 days ago - Business Insider

Zoom AI Companion hits one million meeting summaries milestone

AI Companion will expand support for 32 new languages, new capabilities for Zoom Events, in-meeting questions, and meeting coaching AI Companion will expand support for 32 new languages, new capabilit...

4 weeks ago - GlobeNewsWire

Better together: Lumen and Zoom simplify the VoIP phone experience for businesses

Combining the Lumen network with Zoom's cloud-phone services saves money and boosts reliability DENVER, Oct. 25, 2023 /PRNewswire/ --  Lumen Technologies (NYSE: LUMN) today announced it has expanded i...

Other symbols: LUMN
5 weeks ago - PRNewsWire

Imperative Care Announces Positive New Data Demonstrating the Use of Zoom Aspiration Catheters is Associated with Lower Procedural Cost in Patients with Acute Ischemic Stroke

CAMPBELL, Calif.--(BUSINESS WIRE)--Imperative Care, a medical technology company developing connected innovations to elevate care for people affected by stroke and other ischemic diseases, today annou...

7 weeks ago - Business Wire

Final Trades: PFE, HYG, ZM & DAL

The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.

Other symbols: DALHYGPFE
7 weeks ago - CNBC Television

The 5 Most Upgraded Stocks For October: AI All the Way

The list of Most Upgraded Stocks for October, those stocks with the most upgrades in September, is a surprising lot. The list includes five names with one thing in common: AI.

Other symbols: ADBEBRZECRWDFDX
7 weeks ago - MarketBeat

Theta Lake Wins 2023 Zoom Platform ISV Connect Partner of the Year in Zoom Partner Sales Awards

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Theta Lake is a recipient of the 2023 Zoom Partner Awards from Zoom Video Communications, Inc., commending the company's impactful achievements and ingenuity. T...

2 months ago - Business Wire

Smarsh Named Zoom's 2023 Zoom Meetings/Rooms ISV Connect Partner of the Year

SAN JOSE, Calif.--(BUSINESS WIRE)--Smarsh has been named the 2023 Zoom Meetings/Rooms Independent Software Vendor (ISV) Connect Partner of the Year.

2 months ago - Business Wire

Zoom takes on Microsoft, Google with its own word-processing app

Zoom Video Communications Inc.'s stock has been battered by a two-pronged menace in the post-lockdown era: A gradual return to work and blistering competition from Microsoft Corp. and Alphabet Inc.'s ...

2 months ago - Market Watch

Zoomtopia 2023: One platform delivering limitless human connection

SAN JOSE, Calif., Oct. 03, 2023 (GLOBE NEWSWIRE) -- Today Zoom Video Communications, Inc. (NASDAQ: ZM) kicked off Zoomtopia 2023, the company's annual event, unveiling new platform innovations underpi...

2 months ago - GlobeNewsWire

SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Is Investigating Zoom Video Communications, Inc. for Potential Breaches of Fiduciary Duty By Its Board of Directors

NEW YORK , Sept. 22, 2023 /PRNewswire/ -- Purcell & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty clai...

2 months ago - PRNewsWire

Oil prices tick up as markets zoom in on supply tightness

Oil prices edged higher on Thursday, after dipping slightly in the previous session, as markets refocused on expectations of tight crude supply for the rest of 2023.

Other symbols: BNODBOGUSHIEOOIHPXJUCO
2 months ago - Reuters

Final Trades: Oracle, Zoom, Berkshire Hathaway & more

The "Halftime Report" traders give their top picks to watch for the second half.

Other symbols: ORCLHAL
3 months ago - CNBC Television