Sign up now and fund within 24h to get free NKE, GPRO or DBX stock. T&Cs apply.
Redeem Now
Stake logo

Zoom Video Communications Inc

1 day chart

Kickstart your portfolio with a U.S. stock on us

Sign up and fund a new Wall St account and get a full share randomly chosen between GoPro, Dropbox or Nike.

Sign up and fund a new Wall St account and get a full U.S. share.

T&Cs apply
Claim now
Kickstart your portfolio with a U.S. stock on us

About ZM

Zoom Video Communications, Inc. provides an all-in-one intelligent collaboration platform. It provides a unified communications and collaboration platform that delivers fundamentally changes how people interact, connecting them through frictionless and secure meetings, phone, chat, content sharing and more. Its products are grouped under various categories: Core Communications, AI, Employee Experience, Customer Experience and Developer Ecosystem. Core Communications products include Zoom Meetings, Zoom Phone, Zoom Team Chat and others. AI products, such as Zoom AI Companion. Employee Experience products include Zoom Rooms, Workspace Reservation, Zoom Docs and other. Customer Experience products, such as Zoom Contact Center, Zoom Virtual Agent, Zoom Events and others. Developer Ecosystem products include Zoom Developer Platform, Zoom App Marketplace and Zoom Apps. It serves various industries, including education, entertainment/media, enterprise infrastructure, finance, and others.

Buy US stocks in Australia starting with ZM. Open an account and start investing today!

Market Capitalisation

$19.64B

Price-earnings ratio

-

Dividend yield

0.00%

Volume

494

High today

$65.40

Low today

$62.61

Open price

$0.00

52-week high

$75.91

52-week low

$58.87


What is Zoom and what do they do?

If you haven't heard of Zoom, it's safe to assume you don't work in an office. Zoom Video Communications, Inc. is a cloud-based communications platform provider. And when the Covid-19 pandemic made people work from home across the globe, Zoom emerged as one of the top solutions for video conferencing.

The company creates products that facilitate user interactions via video, audio, messages or digital content sharing via desktops, laptops, mobile devices, telephones, and conference room systems.

In their own words, Zoom’s mission is to make “communications frictionless and secure. Zoom enables users to connect to others, share ideas, make plans, and build toward a future limited only by their imagination.”

Headquartered in San Jose, California, Zoom was founded in 2011 by CEO Eric Yuan who previously worked at Cisco Systems as President of Engineering. 

Over half a million businesses currently use Zoom as a communications tool, including 70% of the Fortune 100 and over half of Fortune 500 companies.

How does ZM make money?

Zoom operates on a freemium business model by offering basic or limited features to users free of charge. The company only earns revenue when users decide they need more advanced features and agree to a subscription.

Zoom’s revenue is entirely reported in one operating segment which includes earnings from all of its products and services.

Some of the company’s leading products include Zoom Meetings, a device agnostic video conferencing and messaging tool, Zoom Rooms which brings “HD video collaboration into any space”, Zoom Phone, an enterprise cloud phone system, and Zoom Chat which allows users to share messages and digital content across a variety of devices.

In addition to product subscriptions, Zoom also earns revenue by providing consulting services and hosting special online events.

Is Zoom a profitable company?

Zoom is a profitable company indeed. 

Zoom’s net income was already growing at a steady clip prior to the arrival of Covid-19, but the pandemic saw its net income leap from US$25m to US$672m to US$1.3b in FY2019, FY2020 and FY2021 respectively.

Zoom’s free cash flow currently sits at US$1.46b.

Is ZM stock a buy?

Many investors see Zoom as one of Covid-19’s biggest beneficiaries. Between April and October 2020, the Zoom share price skyrocketed almost 350% from a little over US$120 to a high of over US$550.

But as the effects of Covid-19 have slowly dissipated around the world, the ZM stock price has gradually fallen by almost 80% to a low of under US$100 (March 2022).

Some investors see the company’s financial performance as a sign to hold onto the stock while others believe Zoom’s dominance will fade going into the future.

Who owns the most ZM stock?

Even after transferring US$6b worth of ZM shares to unspecified beneficiaries at the beginning of March 2022, CEO Eric Yuan still owns the biggest piece of Zoom’s pie, holding 7.53% of the business.

Zoom’s other top shareholders include T. Rowe Price Group (6.16%), Vanguard Group (4.38%), Morgan Stanley Investment Management (3.73%), BlackRock (3.47%) and Hong Kong’s richest man, Li Ka-Shing (3.3%).

Ready to start your investing journey with Stake?

Open an account

ZM FAQs

Yes, the Stake platform allows you to buy ZM shares and over 12,000 stocks and ETFs across the ASX and Wall St.

One share of Zoom Video Communications Inc is valued at $63.95.

The ticker symbol for Zoom Video Communications Inc is ZM.

To buy ZM stocks in Australia you'll need to open an account with an investing platform like Stake.
To do so follow these steps:
  1. Sign up in minutes, all you need is some I.D.
  2. Choose Stake Wall St
  3. Deposit directly into your Stake wallet and you're ready to invest in ZM

The Zoom Video Communications Inc 52-week high stock price is $75.91.

The Zoom Video Communications Inc 52-week low stock price is $58.87.

As of 22/05/2024 Zoom Video Communications Inc has a market cap of $19.64B.

This does not constitute financial advice. You should do your own research before making an investment decision. Past performance is not a reliable indication of future performance. No representation is made as to the timeliness, reliability, accuracy or completeness of the market data provided.

Invest in ZM
on Stake

Buy ZM from US$3 brokerage

Invest in 9,500+ U.S. stocks and ETFs

Own a slice of ZM from only US$10 with fractional shares

Get started
Canstar award phone
ZM related stocks

Stake logo
Over 7,000 5-star reviews
App Store logoGoogle Play logo

Subscribe to our free newsletters

By subscribing, you agree to our Privacy Policy.

Stakeshop Pty Ltd, trading as Stake, ACN 610105505, is an authorised representative (Authorised Representative No. 1241398) of Sanlam Private Wealth Pty Ltd (Australian Financial Services Licence No. 337927) ('Sanlam') and an authorised representative (Authorised Representative No. 1241398) of Airwallex Pty Ltd (Australian Financial Services Licence No. 487221) ('Airwallex'). Stake is not authorised by Airwallex under Airwallex’s AFSL to arrange for clients to be issued with securities as Airwallex is not authorised under its AFSL for this purpose. Stake is not authorised by Sanlam under Sanlam’s AFSL to arrange for clients to be issued with a non-cash payment facility as Sanlam is not authorised under its AFSL for this purpose. Stake SMSF Pty Ltd (‘Stake Super’) is not licensed to provide financial product advice under the Corporations Act. This specifically applies to any financial products which are established if you instruct Stake Super to set up a self managed super fund (‘SMSF’). When you sign up to Stake Super, you are contracting with Stake SMSF Pty Ltd who will assist in the establishment of a SMSF under a ‘no advice model’. You will also be referred to Stakeshop Pty Ltd to enable your trading account and bank account to be set up in order to use the Stake Website and/or App. Stakeshop Pty Ltd will also run marketing and promotions to you under. For more information about SMSFs, see our SMSF Risks page.The information on our website or our mobile application is not intended to be an inducement, offer or solicitation to anyone in any jurisdiction in which Stake is not regulated or able to market its services. At Stake and Stake Super, we’re focused on giving you a better investing experience but we don’t take into account your personal objectives, circumstances or financial needs. Any advice given by Stake is of a general nature only. As investments carry risk, before making any investment decision, please consider if it’s right for you and seek appropriate taxation and legal advice. Please view our Financial Services GuideTerms & ConditionsPrivacy Policy and Disclaimers  before deciding to invest on or use Stake or Stake Super. By using our website or service in any way, you agree to our Privacy Policy and Terms & Conditions. All financial products involve risk and you should ensure you understand the risks involved as certain financial products may not be suitable to everyone. Past performance of any product described on this website is not a reliable indication of future performance. Stake and Stake Super are registered trademarks in Australia.

Copyright © 2024 Stake. All rights reserved.