Zoom’s Good Week Ends on Sour Note After Facebook Crashes Party [Yahoo! Finance News]
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 News
) --In another winning week, shares in Zoom Video Communications Inc. ended on a sour note after Facebook Inc. disclosed plans for a competing video chat product.The news sent Zoom shares tumbling, eventually closing with a decline of 6.1% on Friday. Still, the stock managed to gain more than 5% for the week, fueled by a surge in users who have embraced the video-conferencing software for work and socializing while confined to their homes. Zoom’s shares have jumped more than 130% this year, vaulting the company into the ranks of some of the most valuable U.S. companies. At $44 billion, Zoom’s market capitalization is now bigger than nearly three-quarters of the companies in the Index.Investors have flocked to Zoom with much of the world home-bound to combat the spread of the novel coronavirus. On Wednesday, Zoom reported a 50% jump in users in the past three weeks. Along with Zoom’s success has come headache, with the San Jose, California-based company facing backlash over privacy an
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News
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- Zoom Communications (ZM) had its price target lowered by Sanford C. Bernstein from $90.00 to $88.00. They now have a "market perform" rating on the stock.MarketBeat
- Zoom Communications (ZM) had its price target raised by KeyCorp from $69.00 to $74.00. They now have an "underweight" rating on the stock.MarketBeat
- Zoom Communications (ZM) had its price target lowered by BTIG Research from $105.00 to $100.00. They now have a "buy" rating on the stock.MarketBeat
- Zoom Communications (ZM) had its "buy" rating reaffirmed by Rosenblatt Securities. They now have a $115.00 price target on the stock.MarketBeat
ZM
Earnings
- 2/25/26 - Beat
ZM
Sec Filings
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- ZM's page on the SEC website