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Zoom Video Communications Inc

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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.

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Market Capitalisation

$23.25B

Price-earnings ratio

-

Dividend yield

0.00%

Volume

2.57M

High today

$77.85

Low today

$75.72

Open price

$75.79

52-week high

$76.03

52-week low

$55.06


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%).

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ZM FAQs

  1. Find the right investing platform for you. To buy ZM shares in Australia, you’ll need to open an account with an investing platform that offers the security. Try Stake, you can sign up in minutes.
  2. Fund your brokerage account. Once you are set up you can deposit into your account with different payment methods.
  3. Search for ZM or Zoom Video Communications Inc. Find the stock by using the search function and go to the ZM page.
  4. Place an order to buy ZM. Press the ‘Buy’ button and choose an order type to place your trade. Depending on the order type, the trade will go through straight away or when a price target is hit.
  5. Monitor your portfolio. You’ve now purchased some ZM shares. Stay on top of your portfolio and monitor its performance. You may be eligible for dividends and shareholder voting rights that affect your stock.

The ticker symbol for Zoom Video Communications Inc is ZM.

One share of ZM is valued at $77.75 as of 05 November 2024.

As of 05 November 2024 Zoom Video Communications Inc has a market cap of $23.25B.

The Price to Earnings ratio of ZM is 27.02.

The Earnings Per Share of ZM is $2.80.

The Zoom Video Communications Inc 52-week high stock price is $76.03.

The Zoom Video Communications Inc 52-week low stock price is $55.06.

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

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.

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