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Zoom stock price 2021 - zoom stock price 2021:.Zoom (ZM) stock forecast: Bargain opportunity or slippery slope?
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Zoom stock price 2021 - zoom stock price 2021:. Price of Zoom's shares 2020-2022
In this segment of Backstage Pass , recorded on Dec. This company just continues to roll in solid business results. Zoom Phone had year-over-year revenue growth in the triple digits and reached 30 customers now with over 10, paid seats. The revenue growth was fueled by a healthy mix between new and existing customers. This is reflecting a shift toward longer-term plans.
This company continues to execute at a high level, and I'll add, is more cheaply valued than ever before. Rachel Warren: Brian I feel like you and I talk about Zoom a lot [laughter] because I think we both really love this stock, and I was so excited by its most recent quarter. A fellow Zoom enthusiast, and I think we both talked about this before.
It's been frustrating to see share-price growth lag behind its business growth over the past year. The company obviously saw this huge share-price appreciation in the earlier days of the pandemic, and that is a cool-down, one could say, in recent months.
I personally believe it will right itself again. But I'm curious: Why do you think that Zoom shares have trailed the market so much over the past year despite its continued success and astronomical growth as a business? Brian Withers: Yeah, we've talked about a number of companies that are executing really well and the market has just either pooh-poohed results or overplaying fears of slowing growth and whatnot.
Brian Withers: Yeah. I just look at this company. Now you take any comparison between now and prior to the coronavirus. Every single metric that the company [has] looks much better than it is today. I believe that hybrid work environments are here to stay, and Zoom is a critical part of enabling companies to do that in the future.
So I'm sticking with my Zoom. Cost basis and return based on previous market day close. Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of Discounted offers are only available to new members.
It is relevant to note Zoom's stock price reaction post-1Q FY YE January 31, results announcement, which was released on June 1, after trading hours. Initially, ZM's share price declined marginally by ZM's subsequent share price increase in the past two weeks is likely due to selected sell-side analyst bullishness and the launch of new product solutions relating to Zoom Phone.
Last week, Zoom Video Communications was named as one of the software industry picks by RBC, considering that its products are "a critical component of the coming hybrid work norm" and that "the sharp pullback has created an attractive entry point" for the stock. Earlier on June 9, , Zoom revealed that it has introduced the new Zoom Phone Appliances, which is "an all-in-one desk phone solution for HD video meetings, phone calls, and interactive whiteboarding.
In my April initiation article for Zoom, I had noted that "increasing revenue from new products like Zoom Phone" is a key growth driver for the company. The new Zoom Phone Appliances, which the company refers to as a "new device category" for the Zoom Phone at its recent earnings call, is expected to further boost the sales of the Zoom Phone in the near future.
Source: Zoom's June 9, Press Release. I evaluate Zoom's recent 1Q FY financial performance and its growth prospects for calendar year and fiscal year February 1, to January 31, in the subsequent section. Zoom's financial performance in the first quarter of fiscal was excellent on a YoY comparison and exceeded market expectations. At the company's 1Q FY results briefing on June 1, , Zoom Video Communications highlighted that "revenue upside in the quarter carried through to the bottom line ", which implied that operating leverage was the key driver of ZM's significant improvement in profitability in the recent quarter.
Apart from headline financial numbers, there are two key metrics to watch for Zoom. One key metric is the revenue contribution from Zoom's clients with less than 10 staff. In other words, this client segment drove Zoom's growth in 1Q FY , but that might not be sustainable.
In my initiation article published in April , I mentioned that I "expect Zoom's churn rate for its customer cohort with less than 10 staff to be significantly higher than its customer cohort with more than 10 employees" going forward.
This is aligned with the company management's comments at the recent 1Q FY earnings call, where Zoom stressed that churn for the specific customer segment with less than 10 employees could be "more volatile as economies continue to reopen" because most of them are on "monthly plans" as opposed to yearly subscriptions. Another key metric is Zoom Phone sales. On a cumulative basis, Zoom Phone sales have increased from approximately one million seats as of end calendar year to around 1.
With expectations that more people could be returning to offices in time to come as and when the pandemic is contained, the increased sales for the Zoom Phone could help to offset the reduced demand for Zoom Meetings. Also, as highlighted in the preceding section of this article, the introduction of new Zoom Phone Appliances with improved functionality catering to office needs like the interactive whiteboarding feature could help to drive the growth in Zoom Phone sales in the future.
In summary, a higher-than-expected churn rate for Zoom's customer segment with less than 10 staff is a key downside risk, while Zoom Phone sales could surprise on the upside and boost the company's top line. Looking ahead, there is little doubt that Zoom's revenue and earnings will be higher in calendar year or fiscal year , but it is the future pace of growth that matters. The forward-looking numbers for the full-year are realistic, taking into account the strong 1Q FY results and the expected slow-down in subsequent quarters as WFH Work-From-Home tailwinds ease.
Zoom's slower pace of growth in the next two years is not surprising. The churn for ZM's client segment with fewer than 10 staff will likely increase going forward and become a drag on the company's overall sales growth.
Historic Price Lookup | Zoom Video Communications, Inc.
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Research expert covering the consumer electronics industry. Profit from additional features with an Employee Account. Please create an employee account to be able to mark statistics as favorites. Then you can access your favorite statistics via the star in the header. Profit from the additional features of your individual account. Currently, you are using a shared account. To use individual functions e. If you are an admin, please authenticate by logging in again.
Save statistic in. XLS format. PNG format. PDF format. Show details about this statistic. Exclusive Premium functionality. Register in seconds and access exclusive features. Ryan Downie Mar 8, Glassdoor Rating Company Rating. Eric S. Yuan Ratings. Business Summary Zoom Video Communications provides a cloud-based communications platform that concentrates on making the video conferencing experience better, including features like online collaborative meetings, voice and chat capabilities, and collaborative file sharing.
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