Eric Yuan founded the company in April 2011, and https://dotbig.com/markets/stocks/ZM/ it serves customers from all around the world.
Investors do not like negative media headlines, especially ones which can provide massive headwinds for the ZM stock. St, and the company releases periodic earnings reports to update investors on its business performance. Revenues, customer numbers, and financial outlook are some of the important metrics investors watch out for in Zoom earnings reports. Positive updates will inspire higher stock prices, whereas negative updates will weigh heavily on the ZM stock. Zoom has never declared any dividends to its shareholders, but the company’s business model makes ZM a classic growth stock capable of rewarding investors in the form of high share prices over the long term. Zoom was listed with an IPO price of $36 per share, and on its first day of trading, it surged over 72%, achieving a market cap of around $16 billion at the close of business.
Why Trade The Zoom Stock On Avatrade Mt5 Platforms?
By 2013, the company had attained 1 million users, and by 2017, it had achieved ‘unicorn’ status (a valuation of more than $1 billion). But the use of its platform exploded in 2020 when the coronavirus https://web.webfrance.com/profile/62019-seobtaar/?tab=field_core_pfield_11 pandemic completely changed human living. Populations were kept indoors, and demand for remote work, online learning, and long-distance relationships saw Zoom platforms witness massive demand.
After a period of stagnation for the better part of 2019, the stock picked up momentum in 2020 as the COVID-19 pandemic fuelled the demand for its products. It continued its rally and managed to hit an all-time of circa $588 in October 2020. Profit-taking then triggered a market correction in 2021, and the ZM stock now trades below $300. Zoom has already DotBig generated negative publicity due to compromising the safety and security of its users. Its platform has been vulnerable to hackers, while the company has also been criticised for misleading marketing messages that claimed its network offers end-to-end encryption. The company has also attracted class-action lawsuits that led to hefty settlement fees.
Zoom Stock
Zoom Video Communications, Inc. is a communications technology company that provides a platform that enables people to connect through video, voice, chat, and content sharing. Trade ZM stock with transparent pricing, competitive spreads, and fast trade execution on all orders. Competition is in areas such as pricing, integration, and deployment, contracting, product capabilities, as well as service and support. Zoom is still a relatively new company, and its success has attracted huge tech players that are well-financed and are deeply integrated within the global tech scene. Headquartered in San Jose, California, US, Zoom has grown to see its platform become a popular choice for the communication needs of large enterprises, small businesses, as well as individuals.
- Positive updates will inspire higher stock prices, whereas negative updates will weigh heavily on the ZM stock.
- Revenues, customer numbers, and financial outlook are some of the important metrics investors watch out for in Zoom earnings reports.
- Its platform has been vulnerable to hackers, while the company has also been criticised for misleading marketing messages that claimed its network offers end-to-end encryption.
- The company has also attracted class-action lawsuits that led to hefty settlement fees.
- Eric Yuan founded the company in April 2011, and it serves customers from all around the world.
