![]() In January 2017, Zoom officially became a unicorn after raising $100 million in Series D funding from Sequoia Capital at a $1 billion valuation. The company first became profitable in 2019 after completing its IPO the same year. The company was valued at $16 billion by the end of its first day of trading. The stock was down 9.51 at 219.25 Tuesday morning. On April 18, 2019, Zoom went public in an initial public offer (IPO). ZM Price Action: Zoom Video has traded as high as 486.83 and as low as 238.20 over a 52-week period. The valuation made Zoom topple major companies like the 130-year-old ExxonMobil. In October 2020, Zoom’s market cap surpassed the $140 billion mark. Zoom stock went from less than $70 per share in January 2020 to $150 per share by the end of March. The surge in usage led to an increase in the company’s stock price in early 2020. Zoom main competitorsĭuring the COVID-19 pandemic, Zoom witnessed a major surge in remote work users, distance education, and online social relations. Zoom has users globally, and its solutions are in the education, finance, government, and healthcare sectors. The company also offers Zoom Rooms, a software-based conference room system. Lastly, Zoom Chat allows sharing messages, images, audio files, and content on different devices, including desktop, laptop, tablet, and mobile devices. Zoom Phone is a cloud phone system that provides secure call routing, call queuing, call detail reports, call recording, call quality monitoring, voicemail, switch to video. Zoom Meetings supports HD video, voice, chat, and content sharing via mobile devices, desktops, laptops, telephones, and conference room systems. I remain bearish on Zoom even after the correction. For year-to-date 2021, the stock has declined by 21.5. ![]() Zoom product portfolio entails Zoom Meetings, Zoom Phone, and Zoom Chat. However, after peaking in October 2020, ZM stock has been in a gradual downtrend. Looking ahead, we forecast Zoom Video Communications to be priced at 64. Over the last 12 months, its price fell by 44.40 percent. Looking back, over the last four weeks, Zoom lost 1.43 percent. The company develops a people-centric cloud service that offers a real-time collaboration experience. Zoom Video Communications traded at 66.62 this Monday June 26th, decreasing 0 or 0 percent since the previous trading session. ![]() Zoom went public on April 18, 2019, and trades on the NASDAQ exchange under the ticker ‘ ZM.’ The company was founded on 21 April 2021 by Eric Yuan in San Jose, California, United States. is an American company that provides a video-first communication platform and web conferencing services. It serves various industries, including education, entertainment/media, enterprise infrastructure, finance, government, healthcare, manufacturing, and others.Zoom Video Communications Inc. The Company’s core products categories also include Zoom Events, including Zoom Sessions and Zoom Webinars Zoom Contact Center, including Zoom Virtual Agent Zoom AI, including Zoom IQ for Sales, and Zoom Developers, including Zoom Developer Platform, Zoom App Marketplace and Zoom Apps. The Company’s core products are grouped under various categories: Zoom One, including Zoom Meetings, Zoom Phone, Zoom Team Chat, Zoom Mail and Calendar and Zoom Whiteboard, and Zoom Spaces, including Zoom Rooms and Workspace Reservation. The Company provides a unified communications and collaboration platform that delivers fundamental changes how people interact, connecting them t hrough frictionless and secure meetings, phone, chat, content sharing and more. is a provider of video communication platforms.
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