What is the zoom stock price?
Zoom Video Communications' stock was trading at $110.30 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ZM shares have increased by 33.9% and is now trading at $147.66. View which stocks have been most impacted by COVID-19.
How to buy IPO stock?
there could be a tactical move to buy more of LIC at expense of other insurance stocks, till its valuations are deemed satisfactory. But that should not bring in much pressure to other listed stocks "Since the IPO valuations are very attractive ...
What makes a successful IPO?
- The public markets have seen a long-awaited influx of initial public offerings this year.
- While many IPOs are outperforming the market, some of the most high-profile new listings such as Uber and Lyft have struggled.
- Goldman Sachs analyzed 4,481 IPOs over 25 years and determined the five attributes that are a key to a successful IPO.
What does IPO mean in the stock market?
Now, the BLCO stock IPO will split out Bausch + Lomb from the parent company in an attempt to unlock shareholder value. Let’s dive into what this could mean for investors. For those unfamiliar ...
When did Zoom become an IPO?
Zoom founder Eric Yuan speaks before the Nasdaq opening bell ceremony on April 18, 2019 in New York City. Zoom said on Tuesday that it plans to raise $1.5 billion in a secondary share sale, valuing its stock 10 times above where it debuted in 2019.
What was the IPO for Zoom?
As its public debut approached, Zoom raised the range for its initial pricing and then ended up pricing its shares over that range at $36. Setting this initial price is a fine balance.
How much did Zoom stocks go up in 2020?
Zoom's stock shot up during the first year of the pandemic: from $89 a share on Feb. 7, 2020, to a high of $559 in October. The mania was so dramatic that other publicly traded companies with Zoom-like names saw their stocks pop, too.
Why is zooms stock falling?
Shares of pandemic darling Zoom Video Communications (ZM -3.62%) dropped 15.1% in April, according to data provided by S&P Global Market Intelligence, nearly doubling the S&P 500's decline. Zoom's growth is expected to slow down dramatically this year, leading the market to chip away at the stock's premium valuation.
What company owns Zoom stock?
The Vanguard Group, Inc.
When did Zoom float?
Zoom is among a growing crop of tech companies going public in 2019, but with a twist: it's profitable. After filing to go public on March 22, Zoom estimated two weeks later that it would price shares in the range of $28 to $32.
Is Zoom worth investing in?
Strong growth continues Zoom's recent earnings release was for Q3 of the fiscal year 2023, ending April 30, 2022. Revenue for the quarter was $1.1 billion, up 12% year over year. While that growth may not appear impressive at first glance, it's important to remember that it was on top of 191% growth in Q3 of 2022.
Is Zoom a good long term investment?
Bottom line is good. It's doing great in terms of cash and revenue is at 55 percent year-over-year for the full-year 2022.
Is Zoom a buy hold or sell?
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.
Will Zoom stock go up 2022?
(NASDAQ: ZM) Zoom's forecast annual revenue growth rate of 9.92% is forecast to beat the US Telecom Services industry's average forecast revenue growth rate of 0.09%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 9.27%. Zoom's revenue in 2022 is $4,217,427,000.
Will Zoom continue to grow?
Key Points. Zoom's Q4 earnings report beat analysts' low expectations. But it expects its post-lockdown slowdown to continue in fiscal 2023. Zoom expects its spending to rise this year, but it's also launching a new $1 billion buyback plan.
Is Zoom expected to go up?
The 25 analysts offering 12-month price forecasts for Zoom Video Communications Inc have a median target of 122.00, with a high estimate of 190.00 and a low estimate of 90.00. The median estimate represents a +13.91% increase from the last price of 107.10.
How much has Zoom value increase?
For the twelve months ended January 31, 2021, Zoom's revenue amounted to $2.65 billion, up more than 300 percent from just $623 million the previous year. In the fiscal year ended January 31, 2022, Zoom's grew another 55 percent to $4.10 billion.
How much did Zoom make in 2021?
Zoom generated over one billion U.S. dollars in total revenue during the fourth quarter of the fiscal year 2021. An increase of around 200 million U.S dollars from the fourth quarter of 2021.
Will ZM stock go up?
Zoom Video Communications Inc (NASDAQ:ZM) The 25 analysts offering 12-month price forecasts for Zoom Video Communications Inc have a median target of 122.00, with a high estimate of 190.00 and a low estimate of 90.00. The median estimate represents a +13.91% increase from the last price of 107.10.
Is Zoom a profitable company?
Data source: Company filings. Chart by author. Zoom's modest cost of revenue results in a solid gross profit margin of more than 75%. That puts it in an excellent position to handle rising costs and still produce a profit.
How much is Zoom's initial public offering?
The San Jose, California-based company priced its initial public offering Wednesday evening at $36 per share. Zoom said in a statement Wednesday it was offering about 20.8 million Class A shares to the public.
How much is Zoom worth?
Zoom, which provides remote video conferencing services via the cloud, had a valuation north of $9 billion after its IPO Wednesday, excluding shares held by employees and some others. This was about 9 times its last private valuation from January 2017, and 28 times the company’s annual sales for the year ending January 2019.
Is Lyft stock below IPO?
However, the tempestuous results of Lyft’s IPO late last month have led to some concern over the sustainable interest in some of this year’s most highly anticipated public offerings. Lyft’s stock is now trading about 17% below its IPO price.
How much does Zoom cost?
Zoom, which is slated to start trading on Thursday on the Nasdaq, had originally given a pricing range of $28 to $32, but investor demand was so high for the profitable, fast-growing company, that the offering ended up well above that mark.
When did Zoom open?
Confetti falls as Zoom founder Eric Yuan rings the Nasdaq opening bell on April 18, 2019 in New York City.
Is Lyft below its IPO price?
While Lyft is 17 percent below its IPO price, PagerDuty, the only other notable software share sale of the year, is up 67 percent from its offer price last week.
How much did Zoom raise in IPO?
Zoom CEO Eric Yuan said of IPO roadshow conversations in an interview with CNBC on Thursday. Zoom raised $356.8 million after selling 9.91 million shares in the IPO. Existing shareholders, including Emergence Capital, Sequoia and Yuan sold another 11 million shares.
What did Yuan say after the IPO?
After Wednesday’s IPO pricing, Yuan said he told himself and staff “the price tomorrow is out of our control. ... I said, ‘Go back to work and make sure we get more customers.’”
Is Zoom a profitable company?
At that price Zoom had a stock market value of $15.9 billion. Zoom is among a growing crop of tech companies going public in 2019 , but with a twist: it’s profitable. After filing to go public on March 22, Zoom estimated two weeks later that it would price shares in the range of $28 to $32.
Tech Sell-Off: 3 No-Brainer Stocks to Buy Right Now
Here's why a panel of Motley Fool contributors identified Zoom Video Communications (NASDAQ: ZM), Unity Software (NYSE: U), and Meta Platforms (NASDAQ: FB) as top stocks to buy amid the big tech sell-off. Zoom, trading for almost 10 times sales, is entering value-stock territory.
Cheap Stocks To Buy: Should You Watch These 5 Growth Stocks?
Here's another cold, hard truth that many proponents of penny stocks don't tell you: Many low-priced shares stay low for a very long time.
How much was Zoom IPO?
That’s much higher than what an investor in the Zoom IPO would have made. The IPO was priced at $36 a share and the stock closed its first day as a public company at $62 per share.
Why was Zoom IPO successful?
The Zoom IPO was a success was because of the impressive financial progress made by the company. The IPO filings revealed a profit of $7.6 million in fiscal 2019 on revenue of $330.5 million.
Where is Zoom Technologies located?
MarketWatch reports that ZOOM Technologies hasn’t reported revenue for the past eight years. The company is based out of Beijing, China. Its Yahoo! Finance profile page clearly says that it doesn’t have “significant operations,” though it was in the business of distributing wireless communications products in the US at one point of time.
Is Zoom a success?
By CCN.com: The Zoom IPO was a resounding success, as the videoconferencing giant’s stock soared 72% after its stock market debut. But investors in a different company called ZOOM Technologies raked in much more moolah in what seems like a classic case of mistaken identity.
Zoom Stock Earnings
Zoom will be hosting a webinar to discuss the company’s earnings for the fourth quarter and full-year 2022 (this is not a type-o. The company has a 1.31 fiscal year-end). Zoom will hold the meeting on February 28 at 2 p.m. PT. Readers will find a link to the webinar here.
Zoom Stock Forecast
Zoom stock debuted in April of 2019. Since then, Zoom stock has been on a rollercoaster journey. Zoom stock’s original IPO price was $36. Then, the stock went over the $100 mark. By the end of the year, the stock was back down below $60.
Is Zoom Stock a Good Buy?
After the crazy ups and downs of the stock, you might think Zoom won’t survive after COVID-19. Get this though, revenue through October 31, 2021, is up almost 50% over the same period in 2020. Alternatively, earnings per share through October 31, 2021, were nearly double what they were through the same period in 2020.
What Now?
According to Yahoo! Finance, Zoom stock’s price-to-earnings (P/E) ratio is over 33x. Even after Zoom stock’s steep fall, many investors would still consider that to be high. In addition, many investors believe that many employees will return to the office soon. The return might render Zoom’s platform much less desired.
About BJ Cook
BJ Cook is a long-time stock nerd. He has held several roles in the equity research world and earned the right to use the CFA designation in 2014. When he’s not writing for Investment U, you can find him searching for new investment ideas. Outside the investment community, BJ is a die-hard Cubs fan.
When was Zoom founded?
Zoom was founded in 2011 by Eric Yuan. Yuan, who is from China, came to the United States in 1997 after eight failed attempts at getting a visa over the span of about one-and-a-half years. He succeeded on the ninth try, he said in interview in July with GGV Capital, a venture capital firm.
Who is Yuan from Zoom?
Prior to joining Zoom, he was a corporate vice president of engineering at Cisco.
Is Zoom a Chinese company?
Zoom is not to be confused Zoom Technologies (ZOOM), a small Chinese wireless communications company. However, some investors might have confused the two: Zoom Technologies (ZOOM) ’ stock also got a boost Thursday. The stock finished the day up 10%, though it had been up much higher earlier in the day.
