One key to Zoom's success has been a "freemium" business model. Zoom said it expects adjusted profit in a range of 73 cents to 74 cents a share vs. estimates of 35 cents. Zoom Video revenue then rose 96%, 85% and 78% in the next three quarters. Wall Street Stock Market & Finance report, prediction for the future: You'll find the Zoom Technologies share forecasts, stock quote and buy / sell signals below.According to present data Zoom Technologies's ZOOM shares and potentially its market environment have been in bearish … Often company management learns about Zoom's software after an employee reports a positive experience. Revenue grew 78% year over year, to $188 million, while non-GAAP (adjusted) earnings per share (EPS) nearly quadrupled to $0.15. Given the current economic environment, it's also worth noting Zoom has a rock-solid balance sheet, with $855 million in cash and investments, and no debt. Microsoft competes in two ways, with its video conferencing platform Skype for Business and its Teams work collaboration platform. All rights reserved. Cumulative Growth of a $10,000 Investment in Stock Advisor, Should You Buy Zoom Stock Right Now? The company reported fourth-quarter earnings earlier this month that blew the doors off expectations. Zoom stock has forged a rare chart pattern called a high tight flag, with a new entry point of 529.84. He served on active duty with the US Army and has a Bachelor's degree in accounting. Zoom stock has skyrocketed more than 700% in 2020. The company saw a big revenue jump, of 103%, during the April 2019 quarter. ... complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock… Amid Covid-19, demand for Zoom videoconferencing software has surged as businesses told employees to work from home. ZM stock rallied after July-quarter earnings and revenue blew past estimates. A "Zoom Meeting" refers to a videoconferencing session hosted on its cloud infrastructure. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. It plans to engage in the investment in mobile and telecommunications businesses. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Metrics like this help explain why Zoom's stock is on fire. Which financial companies are the most trusted according to investors? Zoom Technologies, Inc. operates as a holding company. Stock quotes by finanzen.net. Alphabet's (GOOGL) Google, Facebook (FB) and Verizon Communications (VZ) have pushed into the market, aiming to derail Zoom's torrid growth. In the business market, pre-coronavirus rivals included Cisco Systems (CSCO), Microsoft (MSFT), LogMeIn and Fuze. However, ZM stock is extended above its 275.19 entry point. The 10-week moving average often provides a new entry after a big run-up and stocks take a breather. Zoom stock had skyrocketed 670% in 2020. In addition, there are many large-cap technology stocks growing at a fast rate. Returns as of 10/18/2020. Zoom software gets high ratings for ease of use and simplicity following earlier video services that provided jerky images and out-of-sync audio. In addition, Zoom stock has an Accumulation/Distribution Rating of A-minus. "Zoom's mobile app was installed about 3.7 times more than Skype's and 8.6 times more than Google Hangouts," said Randy Nelson, Sensor Tower's head of mobile insights. The latest 2020 election poll update from IBD/TIPP finds Joe Biden leading Donald Trump thanks to two key groups that backed the president in 2016. Commerce Policy | At Zoomtopia, management said there are 5,800 paid customers with more than 10 employees using Zoom Phone. When it comes to competition, Zoom's running with the big dogs. For technical reasons, ZM stock is not a buy. This raises the question: With gains like those and so much baked into the stock price, should investors consider adding Zoom right now? "Even with a return to more normal lifestyles, we believe there are a plethora of use cases that will continue to resonate for businesses and consumers, significantly expanding the historical total addressable market," Baird analyst William Power said in a recent report to clients.
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