Shares of Zoom rose 4.41% to $423.90 at 09:45 EST on Monday, following yesterday’s downward trend. The Nasdaq Stock Market is falling 0.07% to $12,755.60, following yesterday’s downward trend, This seems, as yet, a somewhat negative trend trading session today.
Zoom’s last close was $401.62, 38.91% below its 52-week high of $588.84.
News about Zoom today
Tesla, Zoom, Nike: what to watch when the stock market opens today. According to today’s article on The Wall Street Journal, "Natural gas company ONEOK fell more than 9.5%.- Zoom Video Communications , which has benefited from stay-at-home orders, jumped almost 5% premarket."
The company’s growth estimates for the ongoing quarter and the next is 433.3% and 280%, respectively.
Year-on-year quarterly revenue growth grew by 366.5%, now sitting on 1.96B for the twelve trailing months.
Zoom’s Stock Yearly Top and Bottom Value
Zoom’s stock is valued at $423.90 at 09:45 EST, way under its 52-week high of $588.84 and way above its 52-week low of $65.52.
Zoom’s Moving Average
Zoom’s worth is under its 50-day moving average of $426.73 and way above its 200-day moving average of $359.82.
Previous days news about Zoom
Zoom employee is charged with censoring tiananmen dissidents. According to Bloomberg Quint on Fri Dec 18, "A spokesman for Zoom didn’t have an immediate comment on the charges.", "Prosecutors say he also created bogus reasons to justify Zoom terminating meetings and certain user accounts, including faking evidence that users had violated the company’s terms of service."
Trump administration charges China-based Zoom executive over disrupting video calls held to commemorate tiananmen Square crackdown. According to Business Insider on Sat Dec 19, "In a blog post,Zoomsaid it fired Jin for violating the San Jose, California-based company’s policies, and has placed other employees on leave. ", "US prosecutors on Friday charged a former China-based executive at Zoom with disrupting video meetings commemorating the 31st anniversary of the Tiananmen Square crackdown at the request of the Chinese government."
Zoom says it’s being probed by sec, two U.S. attorneys offices. According to Bloomberg Quint on Sat Dec 19, "Zoom said it terminated Jin’s employment during the course of an internal investigation, and has placed employees suspected of assisting him on leave until it completes the inquiry.", "The U.S. Securities and Exchange Commission and two U.S. Attorney’s offices have been investigating Zoom for months, the San Jose, California-based company said Friday in a blog post and a filing. "
Experts lay the roadmap for Zoom to keep up the pace in 2021 after an eye-popping year that saw its stock price skyrocket more than 500%. According to Business Insider on Sat Dec 19, "In addition to a business tool, Zoom has also become a go-to for online education and consumer uses like yoga classes, conferences, and casual social gatherings. ", ""I see this pandemic opening up many long-term opportunities across different verticals for Zoom that they will have time to figure out a revenue model for it," RBC’s Zukin said. "
Zoom CEO eric Yuan says that one key piece of advice helped him survive a chaotic, high-growth year: 'enjoy everything'. According to Business Insider on Sun Dec 20, ""From an outsider perspective, the growth is great," Yuan said before admitting that, internally, Zoom needed to go into crunch-mode to accommodate its new user base.", "After people criticized Zoom for advertising end-to-end encryption (which it did not have), the companyadmitted its mistakeandupdated its security, ultimately leadingto a settlement with the Federal Trade Commission in November."
Zoom could acquire smartsheet and dropbox to become a 'collaboration titan' that competes with Microsoft and google, analyst predicts. According to Business Insider on Sun Dec 20, "With Dropbox and Smartsheet, Zoom could create a "unified, broad bundle of solutions that’s not just about video and voice, but also what you do after the meeting and what you do before the meeting," Zukin said", "Additionally, Zoom’s unprecedented rise this year may have it looking to diversify its product portfolio in the future."