How much is Zm stock down Tuesday morning?
It’s also worth pointing out that ZM stock is seeing heavy trading alongside this news. As of this writing, more than 15 million shares of the stock have changed hands. That’s a significant increase over its daily average trading volume of about 3.2 million shares. ZM stock was down 15.4% as of Tuesday morning.
What is Zoom (ZM) stock price down 7% in 2022?
(Error Code: 102630) Amid stock market volatility, ZM stock has retreated nearly 7% in 2022. Zoom's cloud-based software sets up video calls, with chat tools available. Also, customers can easily share content. Amid Covid-19, demand for Zoom videoconferencing software surged as businesses told employees to work from home.
Where can I buy shares of ZM?
Shares of ZM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here.
What was the price of the ZM IPO 2019?
(ZM) raised $627 million in an IPO on Thursday, April 18th 2019. The company issued 20,900,000 shares at a price of $28.00-$32.00 per share.
Why have Zoom Shares dropped?
The merger did not receive the votes needed for approval at a Five9 shareholder meeting. Zoom stock fell sharply after the announcement.
Is ZM a strong buy?
Out of 22 analysts, 8 (36.36%) are recommending ZM as a Strong Buy, 1 (4.55%) are recommending ZM as a Buy, 12 (54.55%) are recommending ZM as a Hold, 1 (4.55%) are recommending ZM as a Sell, and 0 (0%) are recommending ZM as a Strong Sell. What is ZM's earnings growth forecast for 2023-2025?
Is Zoom Communications a buy?
The stock is down 80% off its high and is arguably cheaper than it's ever been. Zoom Video Communications (ZM 11.62%) stock is having a rough start to the year in 2022. The stock is down 40% as the markets fall out of love with growth stocks.
Will Zoom bounce back?
Based on Wall Street's forward-year consensus, Zoom is valued at a multiple of 11 times sales and roughly 40 times earnings per share. That's considerably more attractive than where it was two years ago, and all the more reason to believe Zoom bounces back in 2022.
Is ZM a Buy Sell or Hold?
Zoom Video Communications has received a consensus rating of Hold. The company's average rating score is 2.48, and is based on 13 buy ratings, 14 hold ratings, and no sell ratings.
Is ZM overvalued?
The average analyst price target among the 22 analysts covering Zoom Video is $299.50, suggesting 51.9% upside from current levels. The Verdict: At its current price, Zoom Video stock appears to be overvalued based on a sampling of common fundamental valuation metrics.
Is Zoom a good stock to buy in 2021?
The company reported revenue of $1.07 billion, up 21% year-over-year, according to Barron's. Wall Street analysts had predicted slightly slower growth, suggesting a revenue of $1.054 billion. And, in even more good news, Zoom posted revenue growth of 55% in the 2021 fiscal year, with total earnings of $4.1 billion.
What is Zoom's target price?
Stock Price TargetHigh$401.00Low$90.00Average$135.11Current Price$109.42
Is Zoom still having problems?
At the moment, we haven't detected any problems at Zoom. Are you experiencing issues or an outage?
How long will Zoom last?
Zoom offers a full-featured Basic Plan for free with unlimited meetings. Try Zoom for as long as you like - there is no trial period. Pro plans allow for unlimited meetings lasting up to 24 hours maximum.
Is Zoom a China company?
Zoom is a U.S.-founded company and its founder Eric Yuan is a Chinese immigrant who is now an American citizen. However, the company's development team is “largely” based in China, according to Zoom's regulatory filing from earlier this year.
Is ZM a hold?
Today ZM ranks #5315 as hold candidate.
Is me stock a buy or sell?
According to the issued ratings of 2 analysts in the last year, the consensus rating for 23andMe stock is Buy based on the current 1 hold rating and 1 buy rating for MEthe .
Is Zoom Video Communications a buy right now?
28 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Zoom Video Communications in the last year. There are c...
When is Zoom Video Communications' next earnings date?
Zoom Video Communications is scheduled to release its next quarterly earnings announcement on Monday, August 29th 2022. View our earnings forecast...
How were Zoom Video Communications' earnings last quarter?
Zoom Video Communications, Inc. (NASDAQ:ZM) announced its quarterly earnings results on Monday, May, 23rd. The company reported $1.03 EPS for the q...
What guidance has Zoom Video Communications issued on next quarter's earnings?
Zoom Video Communications updated its FY23 earnings guidance on Monday, May, 23rd. The company provided earnings per share (EPS) guidance of $3.70-...
What price target have analysts set for ZM?
28 analysts have issued 1 year price targets for Zoom Video Communications' shares. Their forecasts range from $90.00 to $400.00. On average, they...
Who are Zoom Video Communications' key executives?
Zoom Video Communications' management team includes the following people: Mr. Eric S. Yuan , Founder, Pres, CEO & Chairman (Age 52, Pay $949.75k...
What is Eric S. Yuan's approval rating as Zoom Video Communications' CEO?
450 employees have rated Zoom Video Communications CEO Eric S. Yuan on Glassdoor.com . Eric S. Yuan has an approval rating of 97% among Zoom Video...
Who are some of Zoom Video Communications' key competitors?
Some companies that are related to Zoom Video Communications include Baidu (BIDU) , Twitter (TWTR) , Snap (SNAP) , Trade Desk (TTD) , Match Gr...
What other stocks do shareholders of Zoom Video Communications own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Zoom Video Communications investors own include NVIDIA (NV...
Who is the CEO of Zoom?
Eric Yuan, founder and CEO of Zoom Video, said the following in the earnings report affecting ZM stock today.
Does William White have any positions in the securities mentioned in this article?
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Tech stocks took a hit today, following steep gains over the past few months
Chris has covered Tech and Telecom companies for The Motley Fool since 2012. Follow him on Twitter for the latest tech stock coverage. Follow @tmfnewsie
What happened
Shares of Zoom Video Communications ( NASDAQ:ZM) fell by as much as 5.2% today, as investors cooled to some market sectors, including tech stocks. The company's share price slide was in line with a broader market dip today, with the S&P 500 down 1.4% in afternoon trading.
So what
Generally speaking, most tech stocks have performed particularly well over the past six months as investors have looked for technology companies that are growing during the coronavirus pandemic.
Now what
There's likely more volatility ahead for Zoom's stock, and the rest of the market. Investors are constantly processing information about COVID-19 and the U.S. economy, which is causing a lot of short-term uncertainty in the broader market.
How much is Zoom stock going up in 2020?
Zoom stock ended 2020 up more than 400%.
How much did Zoom IPO cost?
The Zoom IPO in April 2019 raised $752 million, with shares priced at 36. ZM stock popped 72% on the first day of trading.
How many users does Zoom have?
When Zoom reported first-quarter earnings, it disclosed that Zoom Phone had 1.5 million users as of April 30, up 500,000 from the end of 2020.
What is Zoom Meeting?
A "Zoom Meeting" refers to a videoconferencing session hosted on its cloud infrastructure. During the Covid-19 crisis, Zoom upped investments on computer servers as demand surged.
Why is Zoom so popular?
Zoom morphed into a social phenomenon as making video calls became routine for consumers to keep in touch with family and friends. Remote learning and needs in telemedicine also boosted demand for Zoom Video's cloud-based services.
What is ZM stock's IBD rating?
ZM stock owns an IBD Relative Strength Rating of only 5 out of a best-possible 99.
Why do companies like Zoom?
Many companies like Zoom tools because they usually don't require support from tech staff.
What happened
Shares of Zoom Video Communications ( NASDAQ:ZM) fell sharply on Monday, along with the stocks of many other high-flying work-from-home companies. The provider of a video collaboration platform saw its shares fall more than 7% at one point in the trading day. As of 11:45 p.m. EST today, however, the loss had been trimmed to 3.7%.
So what
Monday's sell-off in work-from-home growth stocks like Zoom is reminiscent of a sharp decline in these stocks last week, when Pfizer and BioNTech announced similar success in human trials with their jointly developed COVID-19 vaccine.
Now what
Investors will look to Zoom's upcoming fiscal third-quarter report on Nov. 30 to see whether this momentum continued during the period. Based on management's guidance for revenue between $685 million to $690 million during the period, it likely did.