Today, the stock is around the $127 level. Then, there would be less of a need for Zoom’s online meeting platform. As the pandemic eased, investors believed that employees would eventually return to the office. Investors became familiar with the service and saw widespread use of the platform worldwide.Īfter that, the stock started to decline. By October, Zoom stock reached its high of almost $560. By the end of the year, the stock was back down below $60.Īfter the pandemic hit in early 2020, Zoom stock got even crazier.
Since then, Zoom stock has been on a rollercoaster journey. The company has over $5 billion in cash on its balance sheet to top it off. In addition, the company’s international customers jumped significantly. An increased number of existing customers purchasing add-on services aided the revenue growth. The previous quarter’s Zoom stock earnings presentation reports some encouraging numbers. For the full year, analysts have estimated earnings per share of $3.39 and $3.39 for the fourth quarter and full year, respectively. On average, analysts have estimated that Zoom will report earnings per share of $.67 for the fourth quarter. Not surprisingly, the webinar will be a Zoom meeting! After the presentation, management will be fielding questions from listeners. Readers will find a link to the webinar here. Zoom will hold the meeting on February 28 at 2 p.m. Zoom will be hosting a webinar to discuss the company’s earnings for the fourth quarter and full-year 2022 (this is not a type-o. For instance, a business can use Zoom for voice calls, cloud storage and support. In addition, customers can purchase add-ons. The upgraded versions are only $199 – $249 per year, a small price for larger companies. However, larger organizations with more people attending meetings, online presentations, or webinars need to upgrade. Best of all, the personal version is free. The Zoom online meeting platform takes only a few minutes to download.
This situation was a massive opportunity for Zoom. When the pandemic struck, employers scrambled to find a quick and inexpensive way to keep employees working remotely. In fact, Zoom meetings have become so popular that people use ‘Zoom’ as a verb. Shortly after the pandemic, Zoom (Nasdaq: ZM) quickly became the most widely used online meeting platform on earth. Before the pandemic, nobody new Zoom stock existed.
0 kommentar(er)
