Zoom Video Communications Inc (ZM) Stock Price & News – Google Finance.
Founded in 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.
Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources , and more. Learn More. They dig into the earnings report from Zoom ZM They’ve got news on a new partnership in the retail space.
They also answer a listener’s question about creating a new basket of stocks. Finally, Bill is pitching a Christmas movie idea to Chris, and much more. To catch full episodes of all The Motley Fool’s free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video. Chris Hill: It’s Tuesday, December 1st. Welcome to MarketFoolery. I’m Chris Hill, with me today, Mr. Bill Barker. Good to see you.
Hill: We’ve got retail news, we’ve got a question about the next potential war on something, and I’m not talking about, you know, global wars, I’m talking about, you know, like the War on Cash, that kind of thing. Bill has a Christmas movie to pitch me.
Let me say upfront, that’s going to be in the second half of the show, we’re going to try and keep tangents to the second half of the show. So, let’s jump right in with Zoom Video. Third quarter results for Zoom Video were better than expected. Guidance for the fourth quarter was not what Wall Street wanted to hear. Barker: Yeah, far from a death knell, I would say. I think it’s basically confirmation that the floor underneath this stock is very, very, very secure or the floor under the company.
The ceiling gets reduced as, you know, the vaccine news comes in better. There’s been a lot of that lately. And that puts a little bit of a cap on the very near-term story of Zoom. And if people get to go back to their old lives, either eventually or sooner than eventually, that takes a little bit of the helium out of the Zoom stock, but, you know, [laughs] it’s still a pretty richly valued stock. Now, some of the guidance is a little bit cautious for , because Zoom, like the rest of us, doesn’t really know what’s going to happen.
And so, the massive, rapid, profitable adoption of Zoom across so many industries and so many people is great, but will everybody stick around when they have the option not to. And Zoom doesn’t yet know, it’s optimistic that it’s providing a service that’s going to be entrenched in people’s and businesses’ lives to a great degree, but it can’t make those promises. I think that the company is known for exceeding expectations, and the guidance that it provides. As you point out, the guidance is more conservative than Wall Street was maybe hoping for.
So really, there is some inflated, you know, price earnings multiple on top of the really unbelievable growth. But, you know, it could get cut-in-half again from here, sure, but it would still quadruple, triple what it was last year. This is similar to the recent partnership between Target and Ulta Beauty. Sephora is going to open hundreds of small beauty shops inside Kohl’s stores.
They’re aiming for by next Fall and more than by That’s ambitious, but this also seems like a smart move by Kohl’s. Barker: This is a smart move by Kohl’s. Sephora is getting out of J. And I would say what this does is, we talk sometimes floors-and-ceilings, I mean, Kohl’s was exploring what the floor was for its business back in March.
So, it still had a bad year as a stock, even though it’s more than tripled in that time period. And if Sephora were the cure-all for a retailer’s woes then J. Penney would still be thriving, right? It’s leaving intelligently, as far as picking up and taking its business away from J.
Penney and going into Kohl’s, but Sephora is not on its own going to be any more able to make Kohl’s a hot retail opportunity than it was able to do so for J. Nevertheless, Kohl’s is a better operation than J. Penney, certainly hasn’t gone through quite the disruptions that J. Penney has, but you know, keep in mind, this is more shoring up the floor than exploring the ceiling. Hill: No. But it’s absolutely something they need to do. And it reminded me a little bit of the partnership they struck with Amazon , I’m talking about Kohl’s, of course, to provide returns within Kohl’s locations.
This gives people one more reason to actually go into a Kohl’s. Kohl’s does curbside pickup, I don’t see them promoting it in the same way that we’ve seen Target and Walmart , but those two businesses have certainly provided a blueprint for what Kohl’s could be in the future.
I don’t know. I’m not buying shares of Kohl’s, but I don’t think it’s unreasonable that the stock is up today in the way that it is. So, even though it was losing on the margins, it was buying back shares and keeping that earnings per share story reasonably consistent. It’s not going to suffer quite as much as your J. Penney, Sears , highly mall-based stores like this, but it’s still an uphill battle against Amazon.
It’s improved the online experience, but it’s got a long way to go. Hill: Our email address is MarketFoolery Fool. Question from Sean Bryan in Harrisville, Utah, who writes, “I think there may come a time when people will look back and wonder how we justified eating animal meat, at least in the amounts that we do now? If the War on Cash is followed by a “War on Meat,” what are the first three stocks you would put in that basket? It’s an interesting thought exercise, the obvious first stock is probably Beyond Meat , and if Impossible Foods goes public, they’re in there as well.
Barker: Yeah, I guess it would depend, you know, if the war is being waged against the meat processors, right. You want to stay pretty far away from Smithfield, for instance, which is now owned by China. But I think, obviously the Beyond Meats of the world are where you would, kind of, start with that.
Is poultry being taken out too in this example? By the way, I’m totally willing to entertain the notion that meat consumption is going to suffer as people become, one, they’ve got more opportunities to get a meat-like taste from the Beyond Meats, but, you know, an increased exposure to the story of factory farms and things like that, I could certainly see society turning its back and looking back on our generation and how much meat we eat and how we produce it as being something that is fairly horrifying to the future generations.
Hill: Well, to answer your question, Sean writes “eating animal meat,” chickens are animals, so, yeah, I guess [laughs] poultry is part of that as well. Barker: Yeah. Whereas poultry often, and has picked up from peoples moving away for purely health reasons, away from red meat, boy! Barker: Yeah, I do think these are trends that need to be considered. And I think Tyson Foods is one of those things that I wouldn’t put all of my money into or Hormel or any of those.
Hill: I also think it’s a trend that needs to be considered, I don’t think, for investors, this is as lucrative a trend, both, in the near-term or even in the long-term, as the War on Cash.
And likely to be a much bloodier war too. I mean, beef and the production of it are about as central to the iconography of the American experience as you can get. If you’re like me, the fact that you have never driven a herd of cattle to the slaughterhouse, it’s probably something that you consider a failure at a certain level, as an American man. Don’t you feel at some level, like, you’re supposed to have done that by now? It may not be a level you could even put words into; I see you struggling, but you know what I’m talking about.
Hill: I think you’re talking about the movie City Slickers , which is the only passing thought I ever had of like, I wonder what that would be like.
And then by the end of the movie, I thought, well, that was a fun movie, but, no, I’m not interested in doing that. Barker: No, no, no, not as a vacation, as a, you know, you’ve got to do this or the ranch is going to have to be sold, like this level of being tied to the land and the animals and the production of your own food and all that, in a way that — look, you’re a big movie fan, you’ve watched your fair share of westerns, I mean, I’m not talking City Slickers level.
Hill: Yeah, my fair share of westerns is probably smaller than other people’s fair share of westerns. Barker: But you know, that this is laced into the American psyche. And if you’re going to take beef away, boy! Hill: Well! And to go back to the War on Cash, how much resistance is cash putting up? Is the U. Treasury [laughs] really Treasury Department? I’m going to say, no. Whereas to your point, yeah, the beef industry, the poultry industry, yeah, they’re going to put up a fight.
Hill: Great commercial. And the fact that you have them voiced by people like Sam Elliott and Robert Mitchum, I mean, two of the all-time great voices. So, yeah, those are — you know, again, [laughs] the U.
Treasury Department is not running second commercials on television or second pre-roll ads on YouTube to be, like, “Cash. It’s What’s In Your Wallet” like, no, they’re not doing that. Barker: Right.
How to buy Zoom Video Communications stock – (NASDAQ: ZM) stock price $ |
Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. FactSet a does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and b shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom.
Data may be intentionally delayed pursuant to supplier requirements. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper.
Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Sources: CoinDesk Bitcoin , Kraken all other cryptocurrencies. Calendars and Economy: ‘Actual’ numbers are added to the table after economic reports are released.
Source: Kantar Media. We’ve detected you are on Internet Explorer. For the best Barrons. Google Firefox. Topics Magazine Data Advisor Penta. Subscribe Now. Zoom Video Communications Inc. About Zoom Video Communications Inc. Zoom Video Communications, Inc. The firm offers meetings, chat, rooms and workspaces, phone systems, video webinars, marketplace, and developer platform products. It serves the education, finance, government, and healthcare industries.
Its platform helps people to connect through voice, chat, conten Analyst Ratings. Previous Close -. YTD Change Day Range Volume 3. Recently Viewed. Key Executives. Eric S Yuan. Aparna Bawa. Get started. History of ZM. Important events. May 24 Mar 01 Nov 29 Nov 23 Oct 01 Buying Five9 presented an attractive means to bring to our customers an integrated contact center offering.
That said, it was in no way foundational to the success of our platform, nor was it the only way for us to offer our customers a compelling contact center solution. Sep 22 Sep 21 A more volatile stock whose growth prospects have become less compelling as society inches towards a post-pandemic environment. Sep 14 Sep 02 Aug 31 In Q2, we achieved our first billion dollar revenue quarter while delivering strong profitability and cash flow. Q2 also marked several milestones on our expansion beyond the UC platform.
We launched Zoom Apps, bringing over 50 apps directly into the Zoom experience, and Zoom Events, an all-in-one digital events service. Today we are a global brand counting over half a million customers with more than 10 employees, which we believe positions us extremely well to support organizations and individuals as they look to reimagine work, communications, and collaboration.
Aug 18 Jul 19 We are continuously looking for ways to enhance our platform, and the addition of Five9 is a natural fit that will deliver even more happiness and value to our customers,. Jun 01 With this solid start, we are pleased to raise our total guidance range,.
Mar 23 Mar 15 Mar 09 Feb 03 Jan 21 Jan 15 Dec 31 Dec 15 Nov 30 Nov 10
• Zoom’s share price | Statista
Zoom Video Communications, Inc. It provides videotelephony and online chat services through a cloud-based peer-to-peer software platform used for video communications, messaging, voice calls, conference rooms for video meetings, virtual events and contact centers, and offers an open platform allowing third-party developers to build custom applications on its unified communications platform. Eric Yuan, a former Cisco engineer and executive, founded Zoom in , and launched its software in The company first became profitable in , and completed an initial public offering that year.
Beginning in early , Zoom’s software usage saw a remarkable global increase after quarantine measures were adopted in response to the COVID pandemic. Its software products have faced public and media scrutiny related to security and privacy issues. Eric Yuan. San Jose, California United States. Discover more. You may be interested in info This list is generated from recent searches, followed securities, and other activity. How to buy shares in Zoom Video Communications. Our top pick for Beginners.
Our top pick for Advanced traders. Our top pick for Building a portfolio. SoFi Invest. How we chose our top picks. We evaluate stock trading platforms against a range of metrics that include fees, ease of use, available securities and advanced tools to meet specific investor needs.
We encourage you to compare stock platforms to find one that’s best for your particular budget and goals. Our pick for beginners. We chose eToro for this category because it offers commission-free stocks and an easy-to-use mobile app. It also lets you see trades that other investors are making and discuss investment strategies on the app. These social features are a great way for new investors to learn about the market and follow trends. Our pick for advanced traders.
We chose Tastyworks for this category because it offers a wide range of derivative trading options, including futures, future e-micros and options, along with live trading shows and a platform packed with advanced charting tools and indicators. Our pick for building a portfolio. We chose SoFi for this category because it offers a free robo-advisor as well as commission-free stocks.
That means you can open an active investing account to pick and choose companies you want to invest in, and open a robo-advisor account to help you build a portfolio and manage how much risk you take on.
What’s in this guide? Change value during other periods is calculated as the difference between the last trade and the most recent settle.
Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. FactSet a does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and b shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Data may be intentionally delayed pursuant to supplier requirements.
Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Cryptocurrencies: Cryptocurrency quotes are updated in real-time.
Sources: CoinDesk Bitcoin , Kraken all other cryptocurrencies. Calendars and Economy: ‘Actual’ numbers are added to the table after economic reports are released.
Source: Kantar Media. Skip to Main Content Skip to Search. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Dow Jones. Zoom Video Communications Inc. All rights reserved. Source: FactSet. Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays.
Markets Diary: Data on U. Overview page represent trading in all U. See Closing Diaries table for 4 p. Sources: FactSet, Dow Jones. Bonds: Bond quotes are updated in real-time. Sources: FactSet, Tullett Prebon. Currencies: Currency quotes are updated in real-time. Change value during the period between open outcry settle and the commencement of the next day’s trading is calculated as the difference between the last trade and the prior day’s settle.
The company has really cashed in on the opportunity provided by the pandemic and has grown its business trememdously. The work-from-home experiment A recent survey showed that in companies with digital output, 75 percent of respondents work either entirely in a work-from-home WFH setting , or in a hybrid arrangement.
Web conferencing software is experiencing an increase in spending as a result, with 67 percent of respondents planning to increase their spending in this area. Services such as Zoom are certain to see a reduction in user numbers when the pandemic is brought under control, but usage is unlikely to return to pre-pandemic levels.
Hardware sales defy forecasts As well as increases in software and services that enable WFH, physical hardware has also seen an increase in sales, likely due to workers setting up offices at home. Following an initial dip caused by supply chain disruptions, increased demand, especially in the education and business sectors, saw PC shipments return to growth. This defies forecasts made during the initial phases of the pandemic , when analysts expected a drop of anywhere from 1.
Full access to 1m statistics Incl. Single Account. View for free. Show source. Show detailed source information? Register for free Already a member? Log in. More information.