![]() ![]() To be honest, it is a rather mixed picture, to say the least. Sell 81.90 Buy 84.10 How is the Zoom share price forecast looking?Īway from the Zoom stock price news, let’s take a look at the overall sentiment towards ZM stock. It is apparent that businesses want a full communications platform that is integrated, secure, and easy to use.” “Looking forward, we are addressing a large opportunity as we expect customers will continue to transform how they work and engage with their customers. ZM reported $4.09bn total revenue for the year, up 55%, with $1.38bn net income, or $4.50 per share.Īt year-end, ZM boasted 509,800 customers with more than 10 employees, up 9% year-on-year, and 2,725 customers contributing more than $100,000 in trailing 12 months revenue, a two-thirds improvement. For the full fiscal year, Zoom is aiming for total revenue of between $4.53bn and $4.55bn. Looking ahead to the first quarter – covering the period through the end of April – it believes revenues will be similar, between $1.07bn and $1.075bn. Going forward, the Zoom stock forecast can be informed by the company’s own predictions for how the new fiscal year will pan out. ![]() To put that into context, Zoom had a higher turnover in the quarter than it did in 20 combined. In the three months to 31 January, it notched up revenue of $1.07bn, a 21% increase from the same period last year. When results were announced on 28 February for the fourth quarter, Zoom stock predictions proved to be far too conservative. Our Zoom share price forecast below can offer precious clues on where Wall Street thinks the ZM stock is heading next. Can the Nasdaq-listed company prove naysayers wrong and retain users when things get back to normal? However, whereas Google has post-Covid-19 staying power, analysts are openly wondering whether Zoom’s success will be limited to the pandemic. Very few businesses manage to seep into public consciousness in the same way. ![]() But fast forward two years, and it has achieved a rare thing – like Google, the company’s name has now become a verb. If you were to pick a stock that represented the coronavirus pandemic, you would probably pick Zoom.īefore Covid-19 came knocking in early 2020, the company’s video-conferencing app was not particularly well known. ![]()
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