![]() ![]() Non-GAAP net income surged 51% to $415 million, or $1.36 per diluted share. Many businesses, especially large enterprises, plan on using video apps even as the pandemic fades out.Īccording to second-quarter metrics for the fiscal year 2022, Zoom grew its quarterly revenue by 54% year over year to $1.02 billion. However, remote work is not likely to disappear. Such a view might imply the company will be less relevant once the pandemic is completely over. With a market capitalization of about $75.5 billion, we can expect the company to grow significantly more.Īs Covid-19 put Zoom in the spotlight, many investors began regarding Zoom as a pandemic stock. Long-term investors with a two- to three-year horizon could consider investing in Zoom, especially if the share price dips below $250. Let’s now take a closer look at what investors could expect from ZM stock in the coming weeks. Today, hovering at around $255, the stock has lost over 55% since its record high a year ago. Investors cheered as sales more than quadrupled to $2.65 billion in 2020.Īlthough Zoom’s quarterly results continued to impress through much of this year as well, ZM stock has been consistently falling over the past year. ZM stock hit an all-time high of $588.84 on Oct. In 2020, the pandemic sent Zoom stock soaring around 490% between March and October. As the pandemic has now evolved to a different stage with people out in the world again, investors are debating as to what to expect from Zoom’s long-term prospects. Then Zoom became a verb when lockdowns prompted businesses, people, and schools to rely on video calls to interact with one another. ![]()
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