![]() Well, generally speaking, tech stocks have been under a lot of pressure – collectively losing $1.6trn from their market caps over the past three weeks. Shares have fallen by 17.6 per cent over the course of five trading sessions, plumbing to depths of $337 by the close on Friday, March 5. Unfortunately, this is some way off the highs of $588.84 that were seen last October.īut look at what’s happened in the week since the 2020 results emerged. The share price spiked close to 10 per cent – hitting $409.66. ![]() Initially, there was a very warm reaction to Zoom’s latest results on Wall Street. ![]() “We believe we are well positioned for strong growth with our innovative video communications platform, on which our customers can build, run, and grow their businesses our globally recognised brand and a team ever focused on delivering happiness to our customers.” Is Zoom a good stock to buy right now? Turning his attention to the 2022 fiscal year, he added: Our ability to rapidly respond and execute drove strong financial results throughout the year.”īut crucially, his Zoom stock projections remain upbeat – even as countries roll back their lockdown restrictions and the vaccine rollout accelerates. “We are humbled by our role as a trusted partner and an engine for the modern work-from-anywhere environment. Yuan, Zoom’s founder and CEO, was clearly in a celebratory mood: And across the whole of 2020, revenue came in at $2.6tn… a very healthy bump of 326 per cent compared with 2019.Įric S. The company revealed that Q4 revenue hit $882.5m – that’s up 369 per cent year on year. ![]() We got some way to answering this question when Zoom Video Communications released full-year results in early March. But there’s a problem that’s long lingered over this tech firm’s future: will current levels of demand remain once Covid-19 is over. The company’s share price exploded when the coronavirus pandemic first surfaced – as businesses raced to find ways to work remotely, and friends and family sought new ways of staying in touch from home. Zoom stock predictions are a little difficult to make right now.
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