Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Factset: FactSet Research Systems Inc.2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Is it overpriced? Probably not in the current febrile stock market, nor given its strong fundamentals.Ī correction is likely after the leap, but the figures – including an exponential surge of 4,700% in monthly active users to 148.4 million – will probably keep investors attracted to NASDAQ: ZM.īroader markets remain upbeat after the Federal Reserve announced a dovish shift in policy, signaling to hold lower rates for longer.Most stock quote data provided by BATS. Zoom has hit a valuation of around $129 billion, topping chipmaker AMD and Silicon Valley veteran IBM. The firm run by CEO Erik Yuan overcame concerns about security by addressing them promptly and also won over investors – earnings per share stood at 92 cents, more than double 45 estimated by analysts surveyed by Refinitiv.Īnother doubling is in ZM's guidance – a range of $2.40 to $2.47 for the full fiscal 2021 against $121 to $129 beforehand.ĭoes that imply more room to rise for the share? ZM Stock Forecast That tops a growth rate of 169% in the three months ending on April 30 – showing that the firm's expansion exploded beyond the harshest lockdown period and into the gradual reopening of economies. Revenue grew by 355% annualized in the firm's fiscal second quarter that concluded at the end of July. Rivals such as Microsoft's Skype and Google's Meet have adopted some of Zoom's features – and also made their offers more attractive to businesses – yet Zoom's growth has been tremendous. The San Jose, California-based tech firm has become the go-to application for communicating with locked down family and friends, and for work.
" It just works" – that is the notion of many using Zoom's video conferencing services. The company has nearly doubled its guidance for fiscal 2021, opening the door to more gains.Zoom Video Communications Inc's coronavirus-era growth is set to extend.NASDAQ: ZM has jumped by over 40% to $457 after smashing earnings' estimates.
0 kommentar(er)
