After all, these can save costs and boost productivity if implemented wisely. Yet while the recent remote-working trend will deflate somewhat as we exit the coronavirus era (fingers crossed), "hybrid" and pure work-from-home models will likely prove more resilient than many anticipate. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems Zoom Phone, an enterprise cloud phone system and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices. That all-time high marked a 313 gain in 2020 and followed its April quarter earnings release. One of the great highfliers of the pandemic, Zoom has traded at more modest levels as the threat of the omicron variant recedes. Zoom Video stock is off its 52-week intraday high of 281 set on July 13. The revenue growth rate for next year, implied by estimates, is just 16.43. According to figures compiled by Yahoo! Finance, on average they are anticipating a 46% rise in per-share earnings for this year compared to 2021, on a 54% improvement in revenue. Zoom is expected to generate revenues of 4.08B this year and 4.75B next year.
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In early to mid-January, star investor Cathie Wood's highly influential ARK Invest loaded up on Zoom shares, buying a total of nearly 307,000 for its ARK Innovation ETF.Īnalysts generally have a positive view of the stock, too. The reasoning behind the bullish recommendation and high price target wasn't immediately clear, but the bull train has been running lately for the stock. In the latest trading session, Zoom Video Communications (ZM) closed at 98.92, marking a -0.93 move from the previous day.