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Zoom Video Communications, Inc. (ZM)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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312.86+3.93 (+1.27%)
At close: 4:00PM EDT

312.03 -0.83 (-0.27%)
After hours: 5:44PM EDT

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Previous Close308.93
Open309.41
Bid312.54 x 1400
Ask312.86 x 900
Day's Range304.97 - 322.19
52 Week Range149.16 - 588.84
Volume3,264,516
Avg. Volume4,189,390
Market Cap92.125B
Beta (5Y Monthly)-1.49
PE Ratio (TTM)138.93
EPS (TTM)2.25
Earnings DateJun 01, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est462.26
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Bloomberg

    Coatue, Whale Rock Among Hedge Funds Trimming Pandemic Plays

    (Bloomberg) -- As the world begins to emerge from lockdown, some hedge funds are slashing technology investments that thrived in the work-from-home era.Philippe Laffont’s Coatue Management slashed many of its tech holdings that have benefited from the pandemic-induced lockdowns, including most of its stake in fitness-equipment maker Peloton Interactive Inc. The fund cut its exposure to cyber-security solutions company Crowdstrike Holdings Inc. and and Zoom Video Communications Inc. in half. Overall, its exposure to technology stocks fell by about 8%, data compiled by Bloomberg show.Alex Sacerdote’s Whale Rock Capital Management exited its investment in Zoom, and decreased stakes in Peloton and Crowdstrike. The hedge fund trimmed its overall exposure to tech stocks by about 5%, Bloomberg data show.The filings offer a glimpse into the maneuvering by major hedge fund managers and other investors during the first quarter of 2021, a tumultuous period for the industry marked by a Reddit-fueled trading frenzy and the implosion of Bill Hwang’s Archegos Capital Management. At the same time, investors are looking toward a post-Covid 19 economic recovery where the world gradually reopens and people return to work.On average, hedge funds gained 4.6% in the first three months of the year, according to data compiled by Bloomberg. That lagged behind the S&P 500 Index, which rose 6.2% on a total-return basis.Lee Ainslie’s Maverick Capital joined fellow so-called Tiger cub Coatue in trimming its overall exposure to tech stocks by almost 17%, Bloomberg data show. It ditched minor holdings in Zoom and DocuSign Inc., a popular app for signing contracts and other documents digitally.Trading in Amazon.com Inc., which had soared in the pandemic amid a boom in online shopping by customers stuck at home, was a mixed bag among the Tiger cubs. While both Maverick and Coatue added to their holdings of the behemoth retailer, Viking Global Management slightly trimmed its exposure. Shares of Amazon have climbed 5.7% since the end of the first quarter and are little changed this year.Other findings from first quarter 13F filings include:Financials were key as they broadly trailed other cyclical sectors due in part to low interest rates. Dan Sundheim’s D1 Capital liquidated its stake in JPMorgan Chase & Co., jettisoning a position worth more than $1 billion as of March 31. Viking also decreased its JPMorgan stake, but started a new position in Bank of America Corp. Stan Druckenmiller’s Duquesne took a new position in Citigroup Inc. and has a small holding in JPMorgan. Berkshire Hathaway Inc., meanwhile, cut its position in Wells Fargo. ValueAct dumped its remaining stake in Morgan Stanley.GameStop Corp. was among the companies that skyrocketed during the Reddit-fueled trading frenzy at the beginning of the year. Maverick Capital exited its stake in the video-game retailer, valued at $88 million at the end of December, when the shares traded at $18.84. GameStop shares hit a record $347.51 on Jan. 27.Alibaba Group Holding Ltd. seemed to fall out of favor with some hedge funds in the first three months of the year as China’s crackdown on the technology sector weighed on the e-commerce giant. It was a top exit for Third Point and Coatue; Soroban Capital Partners trimmed its stake.George Soros’s investment firm was among those that capitalized on the distressed remains of Archegos. His Soros Fund Management snapped up shares of ViacomCBS Inc., Discovery Inc. and Baidu Inc. as they were being sold off in massive blocks during the collapse of Archegos at the end of March. Coatue also started smaller new positions in three of the names in the quarter: a $148 million stake in Farfetch Ltd., a $147 million position in RLX Technology Inc. and a $77 million holding in ViacomCBS. And D1 Capital added 124,000 shares of Shopify Inc. for a stake valued at $137 million. Elliott Management Corp. disclosed it held a $95 million stake in Discovery Inc.David Tepper’s Appaloosa also took a toehold in five of the stocks that Archegos had to divest, including Shopify, ViacomCBS, Discovery, Baidu and Iqiyi. The stakes had a combined value of $217 million at the end of March, and ranged in size from a $155 million investment in ViacomCBS to a $4.1 million bet on Shopify.Starboard Value jumped on a hot Wall Street trend: SPACs. The activist investor, which launched its own blank-check company last year, made relatively small investments in 18 such companies in the quarter, including ones being run by notable investors such as Michael Klein and Alex Rodriguez and private equity firms KKR & Co. and Warburg Pincus. Another activist investor, Keith Meister’s Corvex Management, also snapped up several SPAC names in the quarter.Michael Burry, the investor who rose to fame for making billions off bets against mortgage securities during the financial crisis, placed a sizable wager against Elon Musk’s Tesla Inc. Burry’s Scion Asset Management owned bearish puts against 800,100 shares of the electric-car maker, worth $534 million as of March 31, according to a regulatory filing Monday.(Updates with Amazon share performance in seventh paragraph.)More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Bragar Eagel & Squire is Investigating Certain Officers and Directors of XL Fleet, Zoom, Capital One, and Alphabet on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
    GlobeNewswire

    Bragar Eagel & Squire is Investigating Certain Officers and Directors of XL Fleet, Zoom, Capital One, and Alphabet on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

    NEW YORK, May 17, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating certain officers and directors of XL Fleet Corp. (NYSE: XL), ZoomVideo Communications, Inc. (NASDAQ: ZM), Capital One (NYSE: COF), and Alphabet Inc. (NASDAQ: GOOGL) on behalf of long-term stockholders. More information about each potential case can be found at the link provided. XL Fleet Corporation (NYSE: XL) Bragar Eagel & Squire is investigating certain officers and directors of XL Fleet Corp. following a class action complaint that was filed against XL Fleet on March 8, 2021. The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that XL Fleet’s salespeople were pressured to inflate their sales pipelines to boost the Company’s reported sales and backlog; (2) that at least 18 of the 33 customers that XL featured were inactive and had not placed an order since 2019; (3) that XL’s technology had been materially overstated and offered only 5% to 10% of fleet savings; (4) that XL lacks the supply chain and engineers to roll out new products on the announced timelines; and (5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. For more information on our investigation into Zoom go to: https://bespc.com/cases/XL Zoom Video Communications, Inc. (NASDAQ: ZM) Bragar Eagel & Squire is investigating certain officers and directors of Zoom Video Communications, Inc. following a class action complaint that was filed against Zoom on April 7, 2020. The Complaint alleges that throughout the Class Period defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (i) Zoom had inadequate data privacy and security measures; (ii) contrary to Zoom’s assertions, the Company’s video communications service was not end-to-end encrypted; (iii) as a result of all the foregoing, users of Zoom’s communications services were at an increased risk of having their personal information accessed by unauthorized parties, including Facebook; (iv) usage of the Company’s video communications services was foreseeably likely to decline when the foregoing facts came to light; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times. For more information on our investigation into Zoom go to: https://bespc.com/cases/ZM Capital One (NYSE: COF) Bragar Eagel & Squire is investigating certain officers and directors of Capital One following a class action complaint that was filed against Capital One on October 2, 2019. The complaint alleges that throughout the Class Period defendants made materially made false and/or misleading statements and/or failed to disclose that: (1) the Company did not maintain robust information security protections, and its protection did not shield personal information against security breaches; (2) such deficiencies heightened the Company's exposure to a cyber-attack; and (3) as a result, Capital One's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. For more information on our investigation into Capital One go to: https://bespc.com/cases/cof Alphabet Inc. (NASDAQ: GOOGL) Bragar Eagel & Squire is investigating certain officers and directors of Alphabet Inc. following a class action complaint that was filed against Alphabet on April 26, 2019. The Complaint alleges that throughout the Class Period defendants made materially false and misleading statements regarding the Company’s data security and management integrity. Specifically, defendants learned of a three-year-long software glitch in the Google+ social media network that potentially exposed the private personal data of millions of Google+ users to third-parties, and led to the discovery of other systemic vulnerabilities that further compromised the data security of Google+ users. Defendants knew of these data-security issues in March of 2018, but for months, they continued to stress to investors the importance of data security and simply warned investors about risks related to data-security issues and concerns, while concealing that these risks had already been realized and that defendants had such poor security controls and record keeping that they could not determine the scope of the data breach, identify all of the affected users, detect other data-security bugs, or protect the private personal data of the tens of millions of Google+ users. The Wall Street Journal (“WSJ”) led the exposure of defendants’ scheme, triggering governmental investigations, Congressional hearings, the shutdown of the Google+ social media network, undermined confidence in the integrity of defendants’ data security and management, and damaged investors. For more information on our investigation into Alphabet go to: https://bespc.com/cases/GOOGL About Bragar Eagel & Squire, P.C.:Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes. Contact Information:Bragar Eagel & Squire, P.C.Brandon Walker, Esq. Melissa Fortunato, Esq.Marion Passmore, Esq.(212) 355-4648investigations@bespc.comwww.bespc.com