Related Link: If You Invested ,000 In Ford Stock One Year Ago, Here's How Much You'd Have Now In fiscal 2021, Zoom’s net income jumped to $672.3 while its revenue increased to $2.65 billion. In fiscal 2020, Zoom generated net income of $25.3 million on $622.6 million in revenue. In October, Zoom’s market cap crossed $140 billion, making it more valuable than Exxon Mobil Corporation (NYSE: XOM) at the time. The worse the pandemic got, the more customers were flocking to Zoom.īy June 2, Zoom shares were above $200 for the first time and hit a high of $588.84 in September. When the S&P 500 bottomed on March 23, Zoom shares were doing just fine trading at $142. By the beginning of March, the stock was already up to $109 after news of the coronavirus spreading in China prompted concerns about a U.S. #ZOOM STOCK PRICE ONE YEAR AGO SOFTWARE#Zoom’s video conferencing software was at the epicenter of a boom in remote work software demand.Īt the beginning of 2020, Zoom shares were trading at around $69. #ZOOM STOCK PRICE ONE YEAR AGO PROFESSIONAL#When quarantine and social distancing measures were implemented in early 2020, all professional and personal communications were forced online. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.Fortunately for Zoom investors, the 2020 pandemic may end up being the greatest bullish catalyst of all time for Zoom’s business and stock. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. #ZOOM STOCK PRICE ONE YEAR AGO FULL#Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. Environment post- COVID and large-scale WFH, and timing to reach, less certain.” Position within customers makes an attractive opportunity to expand into the broader UC market. The company has a meaningful competitive moat built on more than just architecture, but a rapid uptick in video usage has attracted significant investment efforts from competitors. “ Zoom has established its position as the newly emerged leader in video conferencing, now a growth market, largely credible to the company itself given introduction of a solution that employees actually use. Profitability potential meaningful LT, but balanced in NT by churn concerns, keeping us EW into print,” noted Meta A Marshall, an equity analyst at Morgan Stanley. Commentary around 2H churn / Phone still likely more incremental to move vs. “Sentiment improving, but still leans negative heading into FQ1. Its efforts to eradicate security and privacy flaws are expected to aid it to expand its user base,” noted analysts at ZACKS Research. “ Zoom Video is benefiting coronavirus-induced remote working trend. Zoom stock fell about 4% so far this year. The cloud video communications provider forecasts revenues in the range of $3.760 billion and $3.780 billion for the full fiscal year. Moreover, non-GAAP earnings are expected in the 95-97 cents-per-share range. Non-GAAP income from operations is expected in the range of $295 million and $300 million. For first-quarter fiscal 2022, Zoom forecasts revenues in the range of $900 million and $905 million. The earnings report is expected to be released on June 1, 2021.
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