About ZoomCopy link to section
What is Zoom?Copy link to section
Zoom is a cloud-based video conferencing software that allows users to conduct online meetings, webinars, and virtual events. It was founded in 2011 by Eric Yuan and has grown in popularity in recent years, mainly due to the COVID-19 pandemic that forced people to work and learn remotely.
Zoom offers a range of features such as screen sharing, virtual backgrounds, recording and transcripts, and chat. It can be accessed through a web browser or downloaded as a desktop or mobile app.
How does Zoom make money?Copy link to section
Zoom primarily makes money through its subscription-based business model. It offers four pricing plans: Basic, Pro, Business, and Enterprise, with increasing features and capabilities.
The Basic plan is free but limits meetings to 40 minutes and the number of participants to 100. The Pro plan starts at $14.99 monthly and includes longer meeting times, more participants, and additional reporting and user management features.
The Business and Enterprise plans are designed for larger organisations with more complex needs and include features such as dedicated phone support and custom branding.
What is Zoom’s best selling service?Copy link to section
Zoom’s most popular service is its video conferencing software, which is the backbone of its business. It has become a necessary tool for remote work and distance learning, allowing people to connect virtually and collaborate from anywhere in the world.
Who are the key executives at Zoom?Copy link to section
Eric S. Yuan is Zoom’s founder and current CEO. Here’s a selection of other key executives working at the company.
- Eric S. Yuan. Founder, CEO & Chairman
- Kelly Steckelberg. CFO & Treasurer
- Janine Pelosi. Chief Marketing Officer
- Ryan Azus. Chief Revenue Officer
- Gregory Tomb. President
- Shane Crehan. Chief Accounting Officer
- Brendan Ittelson. Chief Technology Officer
- Gary Sorrentino. Global Chief Information Officer
Where can I buy shares in Zoom?Copy link to section
You can buy Zoom stock on a stock trading platform. These platforms are extremely simple to use but there are different options to suit your specific needs. If you are a first-time investor you might want to use a trading platform for beginners, while if you plan on doing a lot of trading from your phone, a stock trading app might be best.
Are there any other ways to invest in Zoom?Copy link to section
The simplest way to invest in Zoom is to buy shares through a stock broker. However, you can also invest through an ETF or a fund. The best ETFs allow you to invest in the stock market more generally rather than focus on one company.
More about the ZM priceCopy link to section
What is the Zoom stock price today?Copy link to section
The ZM stock price today is currently $77.90, as of 15 February, 2023. The price of Zoom is down 46.54% in the past 52 weeks. You can use the live Zoom stock chart to track the NASDAQ:ZM price in real time above, or compare the Zoom value today to its past performance using the Zoom financials tab at the top of this page.
What is the 52-week low for Zoom stock?Copy link to section
The 52-week low for Zoom stock is $63.55. ZM stock is currently 22.45% above the 52-week low.
What is the 52-week high for Zoom stock?Copy link to section
The 52-week high for Zoom stock is $144.69. ZM stock is currently 32.45% below the 52-week high.
What is the stock forecast for Zoom?Copy link to section
The average Zoom stock forecast has a price target of $85.74 by the end of 2023. Zoom’s latest financial results, the broader economic outlook, and the industry’s competition all influence these forecasts.
It’s best to take analyst forecasts with a grain of salt but you can use their estimates to help you understand the weight of opinion about a stock.
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FAQsCopy link to section
Zoom’s market capitalisation is $22.77 billion. This is calculated by multiplying the number of shares that have been issued by the current ZM share price. Another way of measuring this is enterprise value, which includes Zoom’s debt obligations. Zoom’s enterprise value is $16.63 billion.
Zoom went public on 18 April, 2019 via and initial public offering (IPO). It raised $356 million from its IPO with an opening price of $36 per share. Its share price rose to $66 the same day.
Over 70% of Zoom’s stock is held by institutional investors, with the Vanguard Group being the largest shareholder. It owns 8% of the company. The second and third largest shareholders are BlackRock and ARK invest, which own 5% and 4%.
Zoom is a technology company focused on video conferencing and has many competitors. Here’s a brief summary of its biggest competitors.
No, Zoom has not split its stock. It is a relatively new company, so it is unlikely to split its stock anytime soon.
Zoom reports earnings four times per year at quarterly intervals. It reports around the end of every quarter in April, July, October, and January.
No, Zoom does not pay a dividend. Newly listed companies tend not to pay dividends and focus on reinvesting profits back into the business.
Latest Zoom newsCopy link to section
Recent Zoom analysisCopy link to section
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