Zoom Stock Unchanged Despite Poor Trading Session on Wall Street
August 7, 2023
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On Thursday, Zoom Video Communications ($NASDAQ:ZM) Inc. defied the negative trend of the stock market, with its shares largely unchanged. Zoom Video Communications Inc. is a cloud-based video-conferencing company that provides communications services to individuals, enterprises and other organizations worldwide. The stock’s resilience during Thursday’s session highlights its popularity among investors. Its strong financial performance, innovative product offerings and robust customer base have all contributed to its success, and continue to make Zoom a compelling long-term investment opportunity.
Share Price
On Friday, Zoom Video Communications saw its stock remain unchanged despite a poor trading session on Wall Street. The stock opened at $70.3 and closed at $69.1, representing a 1.2% decrease from its preceding closing price of $69.9. While the stock was able to remain relatively stable, other stocks saw drastic decreases due to the negative market conditions of the day. This shows that while Zoom Video Communications may have been impacted by the market, the company was still able to remain relatively unaffected. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for ZM. More…
| Total Revenues | Net Income | Net Margin |
| 4.42k | 5.51 | 0.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for ZM. More…
| Operations | Investing | Financing |
| 1.18k | -756.77 | -796.68 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for ZM. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.54k | 2.01k | 21.94 |
Key Ratios Snapshot
Some of the financial key ratios for ZM are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 74.8% | 25.4% | 1.5% |
| FCF Margin | ROE | ROA |
| 24.3% | 0.7% | 0.5% |
Analysis
At GoodWhale, we make analyzing the financials of ZOOM VIDEO COMMUNICATIONS easy. Our Risk Rating tool gives ZOOM VIDEO COMMUNICATIONS a medium risk investment profile, taking into account financial and business aspects. For those who want to delve deeper, our data team has found two risk warnings in the cashflow statement, which are non-financial in nature. To find out more about these warnings, become a registered GoodWhale user. Doing so gives you access to exclusive data and analysis for your investments. More…
Peers
In recent years, the video conferencing market has been growing rapidly with the advent of new technologies. Among the various players in this market, Zoom Video Communications Inc has emerged as a clear leader, with a market share of around 60%.
However, the company faces stiff competition from a number of other players, including Blackbird PLC, ironSource Ltd, and SentinelOne Inc.
– Blackbird PLC ($LSE:BIRD)
Blackbird PLC is a 54.22M market cap company with a ROE of -8.0%. The company is engaged in the business of providing technology solutions and services. It offers a range of products and services, including software development, web design, e-commerce, and online marketing. The company has a strong focus on delivering quality products and services to its clients. It has a team of experienced professionals who are committed to providing the best possible solutions to their clients’ needs.
– ironSource Ltd ($NYSE:IS)
IronSource Ltd is a provider of software development tools. The company has a market cap of 3.26B as of 2022 and a return on equity of 4.06%. IronSource Ltd provides tools to enable developers to create, manage, and optimize their applications. The company offers a suite of products that help developers to design, develop, test, and deploy their applications.
– SentinelOne Inc ($NYSE:S)
SentinelOne Inc is a publicly traded cybersecurity company headquartered in Mountain View, California. The company provides endpoint security, network security, and cloud security solutions. As of 2022, the company has a market capitalization of 6.58 billion and a return on equity of -12.5%. The company’s products are used by government agencies and Fortune 500 companies around the world.
Summary
Zoom Video Communications Inc. had an overall flat market performance on Thursday. Overall, investing analysis indicates that Zoom is a reliable stock to consider for investors. The company’s stock has seen steady growth in recent months and is currently rated favorably by analysts. The company’s innovative products and services have proven to be popular with customers, which has helped drive the stock’s overall success.
Zoom has also experienced strong earnings growth over the past few quarters, further boosting investor confidence. Despite the market’s overall poor performance on Thursday, Zoom remains a solid stock to consider for investors.
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