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Zoom Stock Plunged Is This A Buying Opportunity?

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• Hovering around $80 per share, it’s a far cry from the near $600 per share high it once enjoyed during the pandemic.
• Let’s observe its current situation and see where the company could be five years from today.
• Zoom had partnered with RingCentral in the business market.
• Ultimately, meetings are just another tool and faced with quality parity and corporate politics, it seems more likely enterprise users will choose Microsoft.
• The company will face some growing pains over the next year or so, but its long-term business trajectory remains intact.

On a weekly chart, Zoom bounced off its 10-week moving average in early August. The 10-week moving average often provides a new entry after a big run-up and stocks take a breather. ZM stock weathered the bad DotBig publicity over "Zoom bombing" on video chats. The stock popped in late April when it disclosed that daily active participants had reached 300 million — counting some participants multiple times per day.

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Otherwise, it could run the risk of losing share to a very scary competitor that’s doubling down on the workplace. Software offerings beyond just conference calls have been faring quite well, with Zoom Rooms and Contact Center seeing solid results. Indeed, Zoom is still one of the major players in the ongoing digital transformation. The company is still moving through a “hangover” period due to the 2020 pandemic https://disqus.com/by/kuumar99/about/ pull-forward in demand. However, Zoom’s “hangover” is likely to pass quicker than most other pandemic winners. Further, the next recession may be more devastating to consumers than enterprises, making Zoom an intriguing option that may be able to stage a comeback even as everything else folds. While the company can hold its own if there were to be an upcoming recession, the competition is heating up.

Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. In addition, Zoom Video on June 29 hired former zoom stock price Microsoft executive Ricky Kapur as the head of Asia Pacific marketing. The same day, it acquired German startup Karlsruhe Information Technology Solutions.

IBD’s Composite Rating combines five separate proprietary ratings into one easy-to-use rating. The best growth stocks have a Composite DotBig Rating of 90 or better. Zoom Video aims to be a player in the contact center market with its own products and services.

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Zoom Video and Five9 in July 2021 announced a deal to merge. Growth in annual recurring revenue DotBig for business customers with contracts topping $100,000 is one metric to monitor.

Another thing that I thought was really interesting data point over, almost $2.5 billion and remaining performance obligations, that’s up 51% year-over-year. Maybe not necessarily right now, but you definitely want to see that trending upward. Still incredibly https://angel.co/u/alex-bezos profitable, $375 million in free cash flow in the most recent quarter. Have been trending downward for 14 months and now sit more than 60% below their all-time high. Investors appear to believe the company was poised to profit only during the pandemic.

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This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. One share of ZM stock can currently be purchased for approximately https://dotbig.com/ $78.68. 11.24% of the stock of Zoom Video Communications is held by insiders. A high percentage of insider ownership can be a sign of company health.

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Indeed, that’s how all of Zoom’s principal competitors market their wares. In the case https://dotbig.com/ of Microsoft Teams—a rival to both Zoom and Slack—that suite is Microsoft 365.

Intraday Data provided by FACTSET and subject to terms of use. Historical and current end-of-day data provided by FACTSET.

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