Why Zoom Video Stock Popped Today News of the slow distribution of COVID-19 vaccines could be causing Zoom's stock to rise. What happened Shares of Zoom Video Communications (ZM -5.04%) are rising today as cases of COVID-19 continue to rise and a vaccine rollout appears to be taking longer than expected in the U.S.
Full Answer
Why is Zoom Video (ZM) up today?
Mar 23, 2021 · The stock of Zoom Video Communications ( ZM 2.51%) is still nearly 40% off its pandemic highs of early October, but it's getting a bit of …
Does Joe tenebruso own Zoom Video Communications?
Mar 09, 2021 · Shares of videoconferencing star Zoom Video Communications ( ZM -5.04% ) closed 10% higher after a busy trading day Tuesday. The big move came after The Wall Street Journal reported that company ...
Should you invest in Zoom stock in 2020?
Jan 04, 2021 · What happened. Shares of Zoom Video Communications ( ZM -5.04% ) are rising today as cases of COVID-19 continue to rise and a vaccine rollout appears to be taking longer than expected in the U.S ...
What's behind the success of the zoom phone?
Mar 09, 2021 · Why Zoom Video Communications Stock Popped 10% Today. ... That makes all other shares of Zoom worth correspondingly more today and is a …
Why Zoom stock up?
ZM stock soared in March as the corporate shift to work-from-home boosted demand for its video-calling app. Shares retreated in early April amid reports that hackers were breaking into Zoom meetings.Mar 28, 2022
Is Zoom stock a good buy?
Revenue and earnings growth remain strong -- analysts are forecasting revenue and earnings per share to grow by 54% and 46% year over year up to $4.1 billion and $4.87 per share in fiscal year 2022, respectively. Zoom has almost no debt, boasting a debt-to-equity ratio of 2% and a strong cash position of $1.3 billion.Mar 3, 2022
What is future of Zoom stock?
Zoom's non-GAAP operating margin expanded from 14.2% in fiscal 2020 to 37.1% in fiscal 2021, then rose again to 40.4% in fiscal 2022. But in fiscal 2023, Zoom expects its non-GAAP operating margin to drop to about 32%. Analysts also expect its operating margin to stay nearly flat in 2024.Mar 7, 2022
Why has Zoom share price dropped?
Zoom Video Communications stock was a pandemic play. Zoom Video Communications posted better-than-expected financial results for its fiscal fourth quarter, but the stock is falling in late trading Monday after the company forecast weaker-than-expected results for both the fiscal first quarter and the current year.Feb 28, 2022
Is Zoom a Chinese 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.Aug 3, 2020
Will Zoom stock 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.Jan 19, 2022
Will Zoom be down tomorrow?
Zoom.us is UP and reachable by us.
What do analysts say about Zoom stock?
The 26 analysts offering 12-month price forecasts for Zoom Video Communications Inc have a median target of 162.50, with a high estimate of 295.00 and a low estimate of 100.00. The median estimate represents a +49.11% increase from the last price of 108.98.
Who Bought Zoom?
Real Time Net Worth He was previously a manager of WebEx at Cisco, which acquired the video conferencing company in 2007. Born in China, Yuan move to Silicon Valley in 1997 after eight failed attempts to obtain a visa. At the IPO, Yuan owned 22% of Zoom, which was valued at just over $9 billion before trading began.
Is Zoom losing market share?
Including Tuesday's losses, Zoom saw about $100 billion wiped out from its market value since its October 2020 peak, which is a decline of 64% for the stock. Despite the pullback, the stock is still up nearly 500% since its 2019 debut.Nov 23, 2021
Will Zoom continue to grow?
Zoom Phone reached +2m seats in August 2021 with 18,100 >10 employee customers up from 1m seats in just 8 months. This is rapid growth, and with just 4% account penetration, the growth could continue.Feb 2, 2022
What is Zoom's fiscal year?
Full Fiscal Year 2023: Total revenue is expected to be between $4.530 billion and $4.550 billion and non-GAAP income from operations is expected to be between $1.430 billion and $1.450 billion .Feb 28, 2022
The CEO just gave his shareholders a gift
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Shares of videoconferencing star Zoom Video Communications ( NASDAQ:ZM) closed 10% higher after a busy trading day Tuesday.
So what
Why are investors taking this as good news? Well, at the least, it seems the CEO and his wife didn't sell the shares. Judging from recent experience, that would probably have been taken as bad news. Rather, the Journal reports that the transfers were "gifts ... from two trusts for which Mr. Yuan and his wife are co-trustees."
Now what
And that sounds rather innocuous. Perhaps more important than the actual share transfer is what appears to have happened to the shares themselves upon their transfer to owners other than the Yuans.
News of the slow distribution of COVID-19 vaccines could be causing Zoom's stock to rise
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) are rising today as cases of COVID-19 continue to rise and a vaccine rollout appears to be taking longer than expected in the U.S.
So what
Technology stocks were a haven in 2020 for investors as lockdowns and social distancing forced many people to rely on technology for work and social activities. Perhaps no company benefited more from these social restrictions than Zoom, whose video services have become the preferred tool for video calls.
Now what
There's still a lot of uncertainty surrounding the U.S. economic recovery, which means that Zoom's stock could continue to respond to coronavirus and vaccine-related news. Zoom investors should consider the long-term prospects of the company and try not to react to the daily stream of news.
