Adobe to buy Figma in $20 bln bid on future of work that spooks investors [Reuters]
Zoom Video Communications, Inc. - Class A (ZM)
Last zoom video communications, inc. - class a earnings: 3/4 04:20 pm
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Source: Reuters
billion, sparking investor concerns about the rich price tag that led to a drop of more than $30 billion in the market value of the Photoshop maker. Adobe Chief Executive Shantanu Narayen hailed Figma's business as "the future of work" and said there were "tremendous opportunities" in combining it with his company's offerings, such as document reader Acrobat and online whiteboard Figjam. Investors were not persuaded, driving down Adobe's stock by 17%. Many of them said they understood the rationale around the strategy but argued Adobe overpaid for a company that was valued at about $10 billion in a private fundraising round a little over a year ago. David Wagner, portfolio manager and equity analyst at Aptus Capital Advisors, which owns a 1.5% stake in Adobe, said Figma's annual recurring revenue (ARR) was $400 million was a tiny fraction of Adobe's $14 billion, making it an unreasonable for Adobe to pay the equivalent of 11% of its market value for 2.8% more ARR. "We're disap
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News
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- Zoom Video Communications (ZM) Stock Moves -0.82%: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Zoom Video Communications (NASDAQ:ZM) sheds US$794m, company earnings and investor returns have been trending downwards for past three years [Yahoo! Finance]Yahoo! Finance
- Zoom Video Communications, Inc. (NASDAQ: ZM) was upgraded by analysts at Rosenblatt Securities from a "neutral" rating to a "buy" rating. They now have a $75.00 price target on the stock.MarketBeat
ZM
Earnings
- 2/26/24 - Beat
ZM
Sec Filings
- 4/22/24 - Form 4
- 4/19/24 - Form 4
- 4/18/24 - Form 144
- ZM's page on the SEC website