ZOOM VIDEO COMMUNICATIONS, INC.

(ZM)
  Report
Real-time Estimate Cboe BZX  -  02:44 2022-08-16 pm EDT
108.85 USD   -3.87%
01:02pZoom Shares Decline After Citigroup Downgrade
MT
12:24pDow, S&P 500 gain on retail earnings boost
RE
11:07aZoom's Fiscal Q2 Earnings Could Get Boost From Operating Leverage Amid Teams, Other Challenges, Morgan Stanley Says
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Zoom Video Communications Seeks M&A

06/08/2022 | 03:45pm EDT

Zoom Video Communications, Inc. (NasdaqGS:ZM) is looking for M&A. Kelly Steckelberg, Chief Financial Officer said, "We are using some of our cash in a buyback. Our Board approved a buyback 2 quarters ago up to $1 billion. And we bought, through first quarter, we bought $132 million of stock back. So we think, that isn't necessarily a long-term strategy, but we felt like there was an opportunity here that we couldn't ignore with the stock price where it was. And then the other reason is, it's absolutely for M&A. That's exactly what it's sitting there for as well as continuing to invest organically as quickly as we can. We are trying to hire engineers as quickly as we need to and making sure that we invest as we can. And I do think there's going to continue to be opportunities for more M&A as the market uncertainty likely continues and the cash will serve us well there, I'm sure".


© S&P Capital IQ 2022
All news about ZOOM VIDEO COMMUNICATIONS, INC.
01:02pZoom Shares Decline After Citigroup Downgrade
MT
12:24pDow, S&P 500 gain on retail earnings boost
RE
11:07aZoom's Fiscal Q2 Earnings Could Get Boost From Operating Leverage Amid Teams, Other Cha..
MT
05:18aCitigroup Downgrades Zoom Video Communications to Sell From Neutral; Price Target is $9..
MT
02:49aSaudi PIF buys shares in Alphabet, Zoom and Microsoft in U.S. shopping spree
RE
08/15Tiger Global slashes portfolio amid losses
RE
08/15Tiger Global slashes portfolio amid losses
RE
08/04MKM Partners Starts Zoom Video Communications at Buy With $135 Price Target
MT
08/01Zoom to Release Financial Results for the Second Quarter of Fiscal Year 2023
GL
08/01Zoom to Release Financial Results for the Second Quarter of Fiscal Year 2023
GL
More news
Analyst Recommendations on ZOOM VIDEO COMMUNICATIONS, INC.
More recommendations
Financials (USD)
Sales 2023 4 543 M - -
Net income 2023 416 M - -
Net cash 2023 4 162 M - -
P/E ratio 2023 80,5x
Yield 2023 -
Capitalization 33 785 M 33 785 M -
EV / Sales 2023 6,52x
EV / Sales 2024 5,52x
Nbr of Employees 7 155
Free-Float 73,9%
Chart ZOOM VIDEO COMMUNICATIONS, INC.
Duration : Period :
Zoom Video Communications, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ZOOM VIDEO COMMUNICATIONS, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Last Close Price 113,23 $
Average target price 126,11 $
Spread / Average Target 11,4%
EPS Revisions
Managers and Directors
Eric S. Yuan Chairman & Chief Executive Officer
Greg Tomb President
Kelly S. Steckelberg Chief Financial Officer
Harry D. Moseley Global Chief Information Officer
Brendan Ittelson Head-Global Customer Support
Sector and Competitors
1st jan.Capi. (M$)
ZOOM VIDEO COMMUNICATIONS, INC.-38.43%33 785
MICROSOFT CORPORATION-12.74%2 188 668
ATLASSIAN CORPORATION PLC-24.34%73 539
SYNOPSYS INC.5.96%59 727
DASSAULT SYSTÈMES SE-17.04%58 056
CADENCE DESIGN SYSTEMS, INC.3.62%52 882