Down 90%, Is Zoom Stock (NASDAQ:ZM) Finally a Buy? [Yahoo! Finance]
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: Yahoo! Finance
ZM stock rose from $66 in late 2019 to an all-time high of $559 in October 2020. Today, the tech stock trades ~90% below its all-time high, valuing the company at $19 billion. Zoom is a collaboration platform that simplifies the process of connecting online. It offers solutions such as team chat, phone meetings, recording, and an omnichannel cloud contact center. I believe the massive drawdown in share prices makes Zoom Video an undervalued stock to buy right now. I am bullish on Zoom due to its foray into AI, improving financials, and a cheap valuation multiple. How Did Zoom Video Perform in Fiscal Q4 of 2024? Zoom Video increased its sales from $622 million in Fiscal 2020 (ended in January) to $4 billion in Fiscal 2022. Its sales then grew to $4.4 billion in 2023 and $4.52 billion in 2024. In Q4 of Fiscal 2024, Zoom Video reported revenue of $1.146 billion, up 2.6% year-over-year. While Enterprise sales grew 4.9% to $667.3 million , Online sales fell 0.5% to $479.2 million in
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ZM
News
- Zoom Video Communications (ZM) Outpaces Stock Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Zoom to Release Financial Results for the First Quarter of Fiscal Year 2025GlobeNewswire
- DTEN's Next Generation Video Conferencing and Collaboration Device for Zoom and Microsoft Teams, Now available in South Korea [Yahoo! Finance]Yahoo! Finance
- After Holding for Nearly 9 Years, I Just Sold PayPal Stock: Here's What I'm Buying Instead [Yahoo! Finance]Yahoo! Finance
- Zoom Video Communications (ZM) Rises Higher Than Market: Key Facts [Yahoo! Finance]Yahoo! Finance
ZM
Earnings
- 2/26/24 - Beat
ZM
Sec Filings
- 5/3/24 - Form 4
- 5/2/24 - Form ARS
- 5/2/24 - Form DEFA14A
- ZM's page on the SEC website