When he's not writing, you can find Brian riding his bike around the Research Triangle Area in North Carolina. Image source: Getty Images. When it comes to competition, Zoom's running with the big dogs. His best investment was to get his kids into Foolish stocks at the young ages of 5 & 7. Johnson and Johnson (NYSE:JNJ) has 60,000 using the service. Happy employees are productive employees. The response has been tremendous. Zoom's annual report indicates 20% of its engineering staff is dedicated to developing "on-demand, customer-requested features," and last year it released 300 new software enhancements. Cumulative Growth of a $10,000 Investment in Stock Advisor, 11 Reasons to Buy Zoom and Never Sell @themotleyfool #stocks $ZM $JNJ $AMZN $HSBA $VEEV, 2 Stay-at-Home Tech Stocks to Buy Right Now, Forget Snowflake, These 3 Tech Stocks Are Better Buys Right Now, 3 High-Risk, High-Reward Stocks to Add to Your Watchlist, These 3 Stocks Are Absurdly Overvalued Right Now, Copyright, Trademark and Patent Information. Currently trading in the range of 490-495, take a buy position Proper stop will be 455 Upside it can touch 570-575 range Hit the … First-time installations of the company's mobile app are up 213% last week compared to the week that began March 9 and have soared 728% comp…
Its sticky platform results in impressive net dollar retention that's exceeded 130% for the last seven quarters. 0.19 +0.04 +26.67%. With millions under stay-at-home orders, many have turned to Zoom Video Communications'(NASDAQ:ZM) video meeting software for work, class, or even virtual happy hours. One large retailer started with a base of 260 users and over a two-year period ramped up to 192,000 licenses, 10,000 phones, and 2,000 meeting rooms. This growth stock has risen roughly 80% since the beginning of the year and has a sky-high bubble-zone price-to-sales ratio of 54. Yet with all the potential competitors out there and the years of experience brought to bear, Zoom continues to rack up stellar growth numbers.
Prior to starting his contract writer role with The Fool, he spent 30 years between IBM, Dell, and Allergan helping make their operations run better. With millions stuck at home practicing social distancing, many have turned to Zoom to connect with friends and colleagues. There's also a free tier that encourages users to try it out before committing to a full-scale rollout. CEO Eric Yuan founded the company in 2011 to create a video platform that just works. Customers reportedly like the platform's ease of use, reliability, and video quality compared to those of its rivals. Get the latest Zoom Video Communications Inc ZM detailed stock quotes, stock data, Real-Time ECN, charts, stats … First-time installations of the company's mobile app are up 213% last week compared to the week that began March 9 and have soared 728% compared to the week that began March 2, according to market intelligence company Sensor Tower. It's worth noting that I recently added to an existing position, as I find both the growth story and the opportunity compelling. Zoom's daily usage numbers have seen unprecedented growth from 10 million in December to over 200 million in March. There's a lot to like about this company. It competes with Cisco's WebEx platform and Google Hangouts. You'll be happy you did. Zoom Technologies Inc Stock , ZOOM. HSBC (LSE:HSBA) signed on with 290,000 users. 2019 full-year revenues were up 88%. Revenue grew 78% year over year, to $188 million, while non-GAAP (adjusted) earnings per share (EPS) nearly quadrupled to $0.15.
Microsoft competes in two ways, with its video conferencing platform Skype for Business and its Teams work collaboration platform. As with so many things, the answer is, "It depends." To put that into the context of Wall Street's expectations, analysts' consensus estimates were calling for revenue of $176.55 million and EPS of $0.07. The estimated addressable market is $43 billion, almost 70 times its trailing-12-month revenues of $622 million. Those nosebleed-inducing numbers are high, even considering that analysts are expecting sales to grow 80% in the current quarter, 47% for the current year, and 33% next year. Let's dive in and see why this could be a great buy-and-never-sell stock, and wrap up with a must-not-be-ignored fact for prospective investors. Even late-night show host Jimmy Fallon and his band brought smiles to viewers with a Zoom-powered rendition of "Stuck in the Middle" on a recent episode of The Tonight Show. Glassdoor, a third-party data collection platform on companies, reports that 96% of Zoom employees would recommend their employer to a friend, and 98% approve of the job CEO Eric Yuan is doing. There's a lot to like about this company. Daniel W. Vena, CPA, CGMA is a long-term investor searching for intangibles that provide explosive growth opportunities in his investments. It wasn't just the financial metrics that impressed. ... Buy; Hold; Sell; ... Zoom Technologies, Inc. operates as a holding company. Cumulative Growth of a $10,000 Investment in Stock Advisor, Should You Buy Zoom Stock Right Now? The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. View Zoom Video Communications Inc ZM investment & stock information.
Many corporate customers start out with just a few users and then expand usage over time. He served on active duty with the US Army and has a Bachelor's degree in accounting. Investors have clearly baked a great deal of growth into the company's current share price. It's currently the second-most downloaded app in the world, clinging to the top spots on both Apple's iPhone and Alphabet's Android charts. Zoom stock has consolidated for three weeks and could form a new base. It's so widely used in higher education that college students joke that they attend Zoom University, and the digitally native "gen Z" generation quip that they now know what the "Z" stands for. None of the tech titans should be taken lightly. Foolish investors love investing in founder-led companies, as studies have shown that these businesses perform better over the long run. Unlike many of its tech company peers, Zoom is profitable, even on a GAAP basis. It isn't just new customers that are boosting revenue.
One of the standout performers so far this year has been Zoom Video Communications (NASDAQ:ZM). He has significant skin in the game with 16.5% of outstanding shares as of January 31, 2020. Use the Zacks Rank and Style Scores to find out is ZM is right for your portfolio. It's not just the rapid shift to remote work that has Zoom sitting in the catbird seat. Returns as of 10/17/2020. It had been preparing for demand surges with tens of thousands of additional servers readily available to deploy across 17 data centers around the globe. Let's conquer your financial goals together...faster. If the company fails to meet heightened expectations, the stock price could take a hit. Let's conquer your financial goals together...faster. But even founder and CEO Eric Yaun indicated that usage is "far surpassing what we expected" and that "supporting this influx of users has been a tremendous undertaking and our sole focus.". If, on the other hand, you'll accept a high valuation and an even higher sticker price for the right set of growth drivers, if you can handle the gut-wrenching peaks and valleys that are sure to come and have an appropriately long three- to five-year time horizon, then Zoom should have a place in your portfolio. Market data powered by FactSet and Web Financial Group. Zoom has an enormous opportunity with 200 million businesses, 90 million conference rooms, and 1.1 billion knowledge workers globally.
Feel free to reach Brian via email: bwithbike@gmail.com. At the same time, the S&P 500 has fallen 24% and 28%, respectively. Metrics like this help explain why Zoom's stock is on fire. It's telling that since much of the worldwide workforce has begun working remotely (if at all), downloads of Zoom have been skyrocketing. Zoom is becoming a part of everyday life for millions. @themotleyfool #stocks $ZM $MSFT $GOOGL $AAPL $^DJI $^GSPC $CSCO $GOOG, 2 Stay-at-Home Tech Stocks to Buy Right Now, Forget Snowflake, These 3 Tech Stocks Are Better Buys Right Now, 3 High-Risk, High-Reward Stocks to Add to Your Watchlist, These 3 Stocks Are Absurdly Overvalued Right Now, Copyright, Trademark and Patent Information. Overall, customers paying over $100,000 annually grew an amazing 86% last quarter. If you're interested in being a part of this stock's bright future, buy a small stake now and add to your position over time. The company reported fourth-quarter earnings earlier this month that blew the doors off expectations. Since the onset of the coronavirus bear market, there haven't been too many stocks that have been spared from the carnage. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Market data powered by FactSet and Web Financial Group. Teachers in 90,000 schools across 20 countries are now hosting video meetings for up to 100 participants with no limits on video call time. Returns as of 10/17/2020. For technical reasons, ZM stock is not a buy… "Zoom's mobile app was installed about 3.7 times more than Skype's and 8.6 times more than Google Hangouts," said Randy Nelson, Sensor Tower's head of mobile insights. ZM: Get the latest Zoom Video Communications stock price and detailed information including ZM news, historical charts and realtime prices. A core tenet at the company is to deliver happiness. With the extreme growth in demand, as of April 1 the CEO has frozen all enhancements and moved all of its engineering resources to focus on its "biggest trust, safety, and privacy issues.".
It's currently the second-most downloaded app in the world, clinging to the top spots on both Apple's iPhone and Alphabet's Android charts. Its brand is becoming ubiquitous. In response to the pandemic, Zoom has made a huge commitment to K-12 education programs by providing its basic service free. The broader markets have lost more than a quarter of their value since mid-February, and that's after the Dow Jones Industrial Average gained more than 11% on Tuesday -- its biggest single-day gain since 1933.
Zoom has focused solely on video calls and improving the user experience, a move which appears to be paying off, as converts flock to its platform.
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