U.S. Markets open in 5 hrs 50 mins

Zoom Video (ZM) Looks Good: Stock Adds 5.1% in Session

Zacks Equity Research

Zoom Video Communications, Inc. ZM was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $62.74–$75.16 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen five positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Zoom Video. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Zoom Video currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Zoom Video Communications, Inc. Price

Zoom Video Communications, Inc. Price

Zoom Video Communications, Inc. price | Zoom Video Communications, Inc. Quote

Investors interested in the Internet - Software industry may consider a better-ranked stock like Alteryx, Inc. AYX, which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is ZM going up? Or down? Predict to see what others think:Up or Down

Today's Best Stocks from Zacks

Would you like to see the updated picks from our best market-beating strategies? From 2017 through Q3 2019, while the S&P 500 gained +39.6%, five of our strategies returned +51.8%, +57.5%, +96.9%, +119.0%, and even +158.9%.

This outperformance has not just been a recent phenomenon. From 2000 – Q3 2019, while the S&P averaged +5.6% per year, our top strategies averaged up to +54.1% per year.

See their latest picks free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Zoom Video Communications, Inc. (ZM) : Free Stock Analysis Report
 
Alteryx, Inc. (AYX) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research