75.50 -0.11 (-0.15%)
Pre-Market: 7:42AM EST
|Bid||75.40 x 900|
|Ask||75.98 x 800|
|Day's Range||75.46 - 77.07|
|52 Week Range||59.94 - 107.34|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||2,160.29|
|Earnings Date||Dec 04, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||81.00|
Enterprises are focusing on enhancing workspace communication to boost productivity, which puts Microsoft and Slack under the spotlight.
Zoom Video Communications (ZM) closed the most recent trading day at $76.11, moving -1.08% from the previous trading session.
CrowdStrike stock and shares in Zoom Video — two of last year's initially hot IPOs that cooled off — are off to a good start in early 2020. Pinterest stock has rebounded too.
Zoom Video Communications (ZM) closed the most recent trading day at $73.09, moving +0.65% from the previous trading session.
(Bloomberg) -- With all eyes this week on the CES trade show in Las Vegas, famous for a mind-boggling array of personal gadgets, it’s worth considering something counterintuitive: Venture capitalists like consumer technology a lot less than they used to.According to PitchBook data compiled for Bloomberg, last year the normal order of funding in venture capital flipped. Enterprise technology companies, which specialize in software or services for businesses—long the dowdiest landing pad for venture dollars—attracted $30.42 billion, PitchBook data shows, about one-third more cash than consumer technology companies.That funding total is growing fast. Enterprise companies’ venture haul for 2019 was almost double the previous year’s. Meanwhile, the cash going to consumer companies fell by almost a quarter between 2018 and 2019, according to PitchBook data, to $23.26 billion.Those numbers mark the first time in at least last five years that pure enterprise companies have raised more money than consumer-facing tech, the data shows. (Though a separate "undetermined" category, where the distinction between enterprise and consumer technology is not as clear, regularly outpaces both.) The switch comes at a time when enterprise companies’ initial public offerings have been warmly received by investors. For example, shares in video communications company Zoom Video Communications Inc. almost doubled after its April initial public offering. And security company Crowdstrike Holdings Inc. is up almost two-thirds following its June debut. Meanwhile, the most hotly anticipated consumer IPOs have underperformed. Ride-hailing service Uber Technologies Inc. is down by about a third since its June offering, and in an extreme case, co-working company WeWork’s plan for the public markets dramatically crumbled last fall.But public market reception isn’t the only thing driving investment. The enterprise industry—less saturated by existing industry giants—has become a destination for some of the most talented entrepreneurs, and VCs know it. While corporate software may sound painfully boring, advancements in cloud computing and machine learning mean enterprise companies can give employees creative outlets. Investors liken the new opportunities to those once sparked for consumer startups by the advent of smartphones. In the consumer world, large companies are famous for edging out or buying up threatening upstarts. Either outcome means entrepreneurs in the giants’ crosshairs will never get to lead sizeable independent companies. While some large enterprise companies follow that playbook—SAP SE and Salesforce.com Inc. have cemented reputations as acquisition-hungry—enterprise founders often enjoy more latitude to say no to acquisition offers, with less fear that the bigger company will crush them.Cloud-monitoring business Datadog Inc., for example, turned down a bid from Cisco Systems Inc. just days before its IPO in September. And Slack Technologies Inc. continues to grow even as Microsoft Corp. has spent years pushing Teams, its own answer to office messaging.It helps that cutting-edge enterprise software requires a degree of specialization that can be hard to replicate. And increasingly, enterprise customers are open to working with startups, blunting the reputational advantage big brand-name companies enjoy when they roll out a competing product.For insights into how founders are thinking, consider Oleg Rogynskyy, whose business analytics company, People.ai, is the second enterprise startup he's founded. His career could have gone in a consumer direction if he had pursued the first business he got funding for—a photo feed he started in college in 2007. It could have turned into Instagram, maybe, or it could have gone the way of countless other less lucrative photo-sharing startups (remember Hipstamatic, PicPlz and Path?).Switching to enterprise was a good move, Rogynskyy says now. He believes enterprise companies can more easily grow to $100 million in revenue and reach IPO faster than their consumer counterparts, even if those IPOs might raise less capital. “The outcomes are smaller,” Rogynskyy says, “but the odds are higher.”This article also ran in Bloomberg Technology’s Fully Charged newsletter. Sign up here. And here’s what you need to know in global technology news:Leaked Facebook Executive Memo Grapples With Its Role In U.S. ElectionsThe New York Times obtained a memo written by Andrew Bosworth, the head of virtual and augmented reality at Facebook, mulling the social network's role in the rise of President Trump. As World Leaders Shun TikTok, Impersonators Creep InAs TikTok catches fire among the younger set, world leaders and politicians have kept their distance amid national security concerns about the Chinese-owned app.Bitcoin Goes Ballistic After Breaking Through $8,000 LevelBitcoin climbed to the highest since November after breaching the $8,000 price level.Google Says Over 500 Million People Use Its Assistant MonthlyGoogle said its digital assistant is used by more than 500 million people every month. Depending on your perspective, that’s either a win for Google, or a big miss.To contact the author of this story: Sarah McBride in San Francisco at email@example.comTo contact the editor responsible for this story: Anne VanderMey at firstname.lastname@example.org, Mark MilianFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Timing is everything: Here's a look at the big gap in returns for public and private investors in the best performing new Bay Area stocks from last year.
The public crash and burn of WeWork’s initial public offering and poor early performances from high-priced startups that actually managed to go public in 2019 likely won't stop other “decacorns” from testing the IPO market in 2020, but it may change how they do it.
LOS ANGELES, Dec. 30, 2019 -- In an interview with Capital Market Laboratories (CMLviz), chief financial officer of Zoom Video Communications (NASDAQ:ZM) Kelly Steckelberg had.
Through it all, the U.S. economy and consumers’ appetite for spending remained resilient, supporting the market’s record-shattering, year-end rally.
A blowout non-farm payrolls report launched U.S. equities higher on Friday. Can they continue the momentum next week? Let's look at a few top stock trades that might help. Top Stock Trades for Tomorrow No. 1: Goldman Sachs (GS)Source: Chart courtesy of StockCharts.comAt one point, it felt like you couldn't give Goldman Sachs (NYSE:GS) away -- that's how bad investors didn't want to own the stock. Now though? Shares are in breakout mode.$220 has been resistance for the past few months, but each dip in GS kept on getting more and more shallow. That's shown via uptrend support (blue line). With it now breaking out over resistance to new 52-week highs, bulls will likely look to keep up the momentum.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Overlooked Value Stocks to Buy That Will Shine in 2020 Should GS wobble, look to see if the $220 breakout area acts as support. If it does, it could be a buy-the-dip opportunity. Top Stock Trades for Tomorrow No. 2: Big Lots (BIG)Source: Chart courtesy of StockCharts.comBig Lots (NYSE:BIG) roasted short sellers on Friday, ripping 30% on better-than-expected earnings. This isn't a big-time breakout like we saw with RH (NYSE:RH) the other day, but it's still an encouraging move for bulls.Now, though, potential resistance looms nearby. I want to see if BIG stock can clear the $25 to $26 area. If it can, it not only puts the declining 200-day moving average on the table, but also marks a huge turning point for sentiment.If it gets over $26, bulls will have regained substantial control.If this area acts as resistance though, it's vital that BIG protects as much of its post-earnings gains as possible. Staying above the 100-day and 50-day moving averages would be ideal, but it's now vital that the stock stays above prior downtrend resistance (blue line). Top Stock Trades for Tomorrow No. 3: Bristol-Myers Squibb (BMY)Source: Chart courtesy of StockCharts.comBristol-Myers Squibb (NYSE:BMY) jumped to new 52-week highs on Friday, as bulls continue to bid this biotech stock higher. It recently closed on its acquisition of Celgene, while on Friday declaring a dividend that was up 9.8% from its prior payout. Nice.Shares are backing off channel resistance (blue line), so it's not clear if BMY will immediately continue higher or pull back first. If it's the latter, it would be encouraging to see $58 to $59 hold as support. Below that level and channel support will be on the tableOn a rally, see if shares can take out Friday's high, potentially triggering a breakout over channel resistance. Top Stock Trades for Tomorrow No. 4: Zoom Video (ZOOM)Source: Chart courtesy of StockCharts.comLast but not least is Zoom Video (NASDAQ:ZM). At one point Friday, shares were down more than 10% despite a beat-and-raise quarterly report.Now the setup is quite simple. Either support between $60 to $61 will hold and ZM stock will bounce, or it will fail and probe new lows.If it's the latter, bulls have no need to be involved with the stock from a trade perspective. A close below $60 and ZM will clearly need some more time before finding its footing. If it holds though, look to see if it can rally back to the 20-day and 50-day moving averages, and reclaim its post-earnings losses.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long BMY. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Hot Stocks for 2020's Big Trends * 7 Lumbering Large-Cap Stocks to Avoid * 5 ETFs for Oodles of Monthly Dividends The post 4 Top Stock Trades for Monday: GS, BIG, BMY appeared first on InvestorPlace.
The 2019 IPO market churned out a number of unforgettable disappoints, such as Uber, Lyft, and ill-fated office-sharing titan, WeWork. Will investors remain cautious of the IPO market in 2020? Scenic Advisement Founder and CEO Barrett Cohn joins The Final Round to discuss.
During 2019, numerous highly anticipated unicorns tanked during their debut. However, investors are optimistic for 2020’s IPOs. Yahoo Finance's Dan Howley and EquityZen Founder Phil Haslett join On the Move to discuss what to expect from the 2020 IPO market.
The 2019 IPO calendar was packed with highly anticipated unicorns and while some flopped, this year did have some huge winners. Yahoo finance's Dan Howley joins On the Move to break down the years top performing IPOs.
The Nasdaq could steal NYSE'S IPO crown for the first time in years. Nasdaq listed IPOs raised roughly $32 billion year to date, edging out the NYSE’s $26 billion sum. Nasdaq Senior Vice President and Head of Western U.S. listings, Jeff Thomas, joins On the Move to discuss.
Despite worries about the trade war, Zoom Video Communications has continued to be the most profitable and better performing communications IPO of 2019. Zoom CFO Kelly Steckleberg joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss on The First Trade.