Zoom Video Communications Inc. ($ZM) Stock Forecast: Up 5.7% Today

What is Zoom Video Communications Inc.?

A communication technology company known as Zoom Video Communications, Inc. (ZM) offers video conferencing services. Recently, ZM witnessed a significant upward trend in the stock market.

Why is Zoom Video Communications Inc. going up?

ZM stock is up 5.7% on Aug 23, 2024 13:41

• Following its strong second-quarter financial results, Zoom Video Communications, Inc. (ZM) saw a nearly 13% increase in its shares. The company reported earnings of $1.39 per share and revenue of $1.16 billion, exceeding analyst expectations.
• Despite the positive performance of ZM, Cathie Wood's Ark Innovation ETF ARKK made the decision to sell off its entire stake in the company. This move may have introduced some uncertainty among investors.
• Various factors, such as upcoming economic data and comments from Federal Reserve officials, including a speech by Federal Reserve Chair Jerome Powell, contributed to the mixed and restrained trading in Asian markets. These factors likely influenced overall market sentiment and played a role in ZM's upward momentum.
• Additionally, the announcement that Zoom now supports webinars for up to 1 million participants for a fee of $100,000 possibly contributed to the optimistic investor outlook and the rise in ZM's stock value.

ZM Price Chart

ZM News

Cathie Wood's Underperforming Flagship Fund Dumps Another Staple Stock Following Nvidia Exit: Social Media Recalls Jim Cramer's Comments From 2 Years Ago - Zoom Video Comms ( NASDAQ:ZM ) , ARK Innovation ETF ( ARCA:ARKK )

Zoom Video Communications, Inc. ZM shares rallied nearly 13% on Thursday as traders bid up the stock following the company's quarterly results but Cathie Wood's Ark Invest's flagship Ark Innovation ETF ARKK deemed it fit to divest its entire stake in the communications technology company.

https://www.benzinga.com/markets/equities/24/08/40522105/cathie-woods-underperforming-flagship-fund-dumps-another-staple-stock-following-nvidia-exit-soci

Trading in Asian markets is mixed and muted ahead of a key Fed Chair speech

TOKYO (AP) — Asian shares were mixed in muted trading Friday ahead of a speech by Federal Reserve Chair Jerome Powell that might deliver clues on how quickly and deeply the Fed may cut interest rates. Japan’s benchmark Nikkei 225 rose 0.5% to 38,408.44. Australia’s S&P/ASX 200 slipped 0.1% to 8,017.10. South Korea’s Kospi edged down 0.1% to 2,704.79. Hong Kong’s Hang Seng slipped 0.4% to 17,569.38, while the Shanghai Composite gained 0.3% to 2,856.73. Japan’s plans for interest rates were also closely watched. Bank of Japan Gov. Kazuo Ueda in his comments to parliament appeared to indicate more increases may be coming, but they would be gradual. The Bank of Japan was closely monitoring the recent gyrations in stock prices and currencies but saw recent wage increases as a positive sign, he said. Japan’s economy was dragged down for years by deflation, a gradual decline in prices that reflects a stagnant economy. The bank ended negative interest rates in March then raised rates in July.

https://wnyt.com/us-news/trading-in-asian-markets-is-mixed-and-muted-ahead-of-a-key-fed-chair-speech/

Zoom Now Supports Webinars up to Whopping 1 Million Viewers

Zoom Webinars can support a million participants for a cool $100,000.

https://gizmodo.com/zoom-now-supports-webinars-up-to-whopping-one-million-viewers-2000489831

Top Stock Movers Now: BJ''s, Urban Outfitters, Zoom, and More

U.S. equities fell at midday Thursday amid anticipation of economic data and comments from Federal Reserve officials.

https://www.investopedia.com/top-stock-movers-now-bjs-urban-outfitters-zoom-and-more-8699883

What's Going On With Zoom Video Stock After Earnings? - Zoom Video Comms ( NASDAQ:ZM )

Zoom Video Communications, Inc. ZM shares are trading higher Thursday after the company posted better-than-expected second-quarter financial results on Wednesday. Zoom reported quarterly earnings of $1.39 per share and revenue of $1.16 billion, beating analyst estimates.

https://www.benzinga.com/news/24/08/40513103/whats-going-on-with-zoom-video-stock-after-earnings

Trending Today

Hims & Hers Health Inc. ($HIMS) Stock Forecast: Down 5.3% Today

FedEx Corporation ($FDX) Stock Forecast: Down 15.5% Today

Pendle ($PENDLE) Crypto Forecast: Up 6.0% Today

Robinhood Inc. ($HOOD) Stock Forecast: Down 5.0% Today

Affirm Holdings Inc. ($AFRM) Stock Forecast: Down 5.9% Today

Tilray Inc. ($TLRY) Stock Forecast: Down 5.1% Today

GameStop Corp. ($GME) Stock Forecast: Up 6.2% Today

Solana ($SOL) Crypto Forecast: Up 5.1% Today

Ethereum ($ETH) Crypto Forecast: Up 5.0% Today

Tyson Foods Inc. ($TSN) Stock Forecast: Down 3.2% Today

Zoom Video Communications Inc. Price History

22.07.2024 - ZM Stock was up 13.3%

• Zoom Video Communications (ZM) saw a strong bullish movement after surpassing second-quarter financial expectations, with earnings per share exceeding analyst estimates by 14.88%.
• Revenue growth, particularly from Enterprise customers, has been a key factor in boosting market confidence in ZM.
• Investor trust in Zoom's ability to capitalize on the remote work trend is reflected in the stock's performance today.
• Despite a downturn in U.S. stocks, Zoom Video Communications' positive earnings have demonstrated strong performance and resilience in a challenging market.

22.07.2024 - ZM Stock was up 12.9%

• Zoom Video (ZM) stock experienced a strong bullish movement after posting better-than-expected second-quarter financial results, including earnings of $1.39 per share and revenue of $1.16 billion.
• The company's positive Q2 earnings report and the raised FY25 targets contributed to the surge in stock price.
• Analysts revised their forecasts upwards for Zoom Video after the impressive Q2 results, further boosting investor confidence in the stock.
• Despite the overall market decline, Zoom Video stood out as one of the big stocks moving higher on Thursday, showcasing its resilience and growth potential in the current economic landscape.

22.07.2024 - ZM Stock was up 8.0%

• Zoom Video Communications Inc. (ZM) experienced a bullish movement following its Q2 2025 earnings call, emphasizing strong AI adoption and revenue growth amid economic challenges.
• The positive earnings call likely boosted investor confidence in the company's future prospects, leading to increased buying activity and driving the stock price higher.
• The overall market's positive sentiment, as indicated by the gains in major U.S. indices, may have also contributed to the bullish movement in ZM's stock.
• Investors and traders are closely monitoring Zoom Video Communications Inc. as one of the top stocks gaining attention, further fueling interest and demand for the company's shares.

23.07.2024 - ZM Stock was up 5.7%

• Following its strong second-quarter financial results, Zoom Video Communications, Inc. (ZM) saw a nearly 13% increase in its shares. The company reported earnings of $1.39 per share and revenue of $1.16 billion, exceeding analyst expectations.
• Despite the positive performance of ZM, Cathie Wood's Ark Innovation ETF ARKK made the decision to sell off its entire stake in the company. This move may have introduced some uncertainty among investors.
• Various factors, such as upcoming economic data and comments from Federal Reserve officials, including a speech by Federal Reserve Chair Jerome Powell, contributed to the mixed and restrained trading in Asian markets. These factors likely influenced overall market sentiment and played a role in ZM's upward momentum.
• Additionally, the announcement that Zoom now supports webinars for up to 1 million participants for a fee of $100,000 possibly contributed to the optimistic investor outlook and the rise in ZM's stock value.

27.01.2024 - ZM Stock was up 6.1%

• Zoom's strong bullish movement today can be attributed to:
• Beating estimates and committing to democratizing AI access, showcasing resilience in the face of tough competition from tech giants.
• Positive market sentiment towards the company, as evidenced by the stock rocketing higher despite a recent price target cut.
• The overall market conditions, where despite a drop in consumer confidence affecting other stocks, Zoom managed to stand out and attract investors' attention.

13.05.2024 - ZM Stock was down 5.3%

• Significant stock sales by notable investors suggest wavering confidence in Zoom's future.
• The company's chief accounting officer selling over $188k in company stock raised investor concerns about its financial stability.
• Reports of Zoom's CEO discussing AI digital clones for meetings may have raised uncertainty about the company's strategy and impact on its core business.
• The broader market's strong performance towards new highs may have prompted investors to shift focus to more promising opportunities, resulting in the decline of struggling stocks like Zoom.

28.01.2024 - ZM Stock was up 7.5%

• Zoom exceeded fourth-quarter financial expectations and provided robust FY25 guidance, resulting in a rise in its stock value.
• The decision to no longer support older iOS versions suggests a commitment to improving performance and remaining technologically current.
• Northern Trust Corp expanding its investments in Zoom reflects a growing belief in the company's future outlook.
• Positive earnings and a share repurchase program from Zoom reinforced investor confidence, influencing the bullish market activity.

05.02.2024 - ZM Stock was down 5.0%

• The noticeable uptick in short interest for Zoom Video Communications suggests a pessimistic outlook among investors, potentially resulting in downward pressure on the stock price.
• Despite optimistic revisions in earnings estimates, the stock encountered a negative shift, possibly influenced by profit-taking activities by investors following a growth period.
• The emergence of news regarding Shiba Inu overtaking Zoom in market capitalization may have redirected focus and investments away from Zoom, contributing to the downward trend.
• The overall sentiment surrounding tech stocks, as mentioned in the recent analysis on the verge of a potential decline, could have played a role in the downward trend of Zoom Video Communications amid apprehensions about slowing fundamentals and fragile business models in the tech industry.

01.03.2024 - ZM Stock was down 2.0%

• Today's bearish movement in Zoom Video's stock could be attributed to a combination of factors:
• The stock has declined by 2.7% since its last earnings report, suggesting possible investor concerns about the company's financial performance.
• Despite positive outlooks for large tech stocks from Goldman Sachs, profit-taking or sector rotation might have impacted Zoom Video's stock.
• The launch of Zoom Video's new platform in the AWS Marketplace could have raised doubts about the company's competitive position, prompting investor wariness.
• Overall, today's downward trend in Zoom Video's stock could be influenced by profit booking, market sentiment shifts, and uncertainties about the company's growth potential amidst growing competition in the video conferencing sector.

27.01.2024 - ZM Stock was up 5.7%

• Zoom surpassed market expectations in its Q4 earnings, reporting strong sales and earnings, boosting the stock.
• The company's focus on making AI more accessible and leveraging the AI trend amidst competition from tech giants drove investor confidence.
• Analysts' positive views on Zoom's performance and resilience amid challenges further encouraged investors, pushing the stock higher.
• Overall market positivity towards Zoom, along with its strategic efforts and solid financial results, likely fueled the recent bullish movement in the stock.

27.01.2024 - ZM Stock was up 5.8%

• Zoom Video Communications (ZM) experienced a strong bullish movement today.
• The bullish trend can be attributed to the company's better-than-expected financial results for the fourth quarter of 2024, along with strong guidance and the announcement of a new share repurchase program.
• Additionally, being highlighted as a stock to watch in a popular investment portfolio may have also contributed to the positive sentiment surrounding Zoom Video Communications.
• The overall market sentiment, with tech stocks leading modest gains and cryptocurrency-linked stocks rising, further supported ZM's bullish movement.

25.06.2024 - ZM Stock was up 3.6%

• The market's favorable outlook following the Supreme Court's recent decision on Chevron deference, especially in relation to net neutrality, potentially boosted confidence among investors and impacted companies like Zoom Video Communications.
• The optimistic investor activity in Zoom Video Communications' options market reflects a positive outlook on the company's future performance.
• The general positive market sentiment, especially towards technology firms such as Zoom, supported by robust earnings releases and investor confidence, likely drove the bullish movement in ZM's stock today.