|Bid||0.00 x 1300|
|Ask||0.00 x 900|
|Day's Range||62.05 - 64.32|
|52 Week Range||59.94 - 107.34|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||2,190.34|
|Earnings Date||Dec 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||80.69|
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.
Zoom Video Communications, a video conferencing company, reported strong top and bottom lines during its third quarter and boosted its full-year revenue guidance. But analysts are saying perhaps investors were looking for an even bigger beat and raise. Yahoo Finance’s Dan Roberts, Heidi Chung and Kristin Myers discuss on YFi AM.
Amid mixed Q3 earnings and a strong November jobs report, stocks are moving higher in early trading. Yahoo Finance’s Ines Ferre breaks it down on The First Trade.
While videoconferencing company Zoom beat on top and bottom lines and on quarterly guidance, slowing growth in the third-quarter caused shares to plunge in after-hours trade on Thursday.
IPOs have had both highs and lows and no shows during 2019. RapidRatings CEO James Gellert talks with The Final Round about the Saudi Aramco IPO and some of the pushbacks in the IPO market.
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.
Bernstein analyst Zane Chrane is shaking his head at Zoom Video Communications Inc.’s 9% stock slide Friday, after the company topped expectations with its latest results and outlook.
Zoom Video Communications Inc. (NASDAQ: ZM) lost a bit of the zoom in its growth trajectory in the third quarter, spooking investors. Morgan Stanley's Meta Marshall kept an Equal-Weight rating on the stock with a $75 price target. Credit Suisse Analyst Brad Zelnick remained Neutral and lowered the target price from $90 to $80.
Zoom Video was once one of the hottest initial public offerings on Wall Street. But lately no one wants to touch the stock. Shares are down about 10% in trading Friday after the company delivered its third-quarter earnings.
Dow futures: The stock market rally is acting well going into Friday's jobs report. Tesla, DocuSign, Okta, Zoom and Ulta Beauty led movers late.
Today we are going to look at Zoom Video Communications, Inc. (NASDAQ:ZM) to see whether it might be an attractive...
(Bloomberg) -- As protests jolt Hong Kong business, organizations from Alibaba Group Holding Ltd. to universities are adapting by going digital, switching to video-conferencing app Zoom to conduct online investor briefings and virtual lectures.Zoom Video Communications Inc. joins a number of internet services that have taken off since the unrest began over the summer, from mobile messenger Telegram to work-at-home apps. In a financial hub that thrives on face-to-face deal-making and power lunches, Zoom helps fill a void created by transport disruptions and concerns about personal safety.Hong Kong’s business community leans on the app’s features, which include slide-sharing and support for up to 1,000 call participants, to carry on cross-border communications and with mainland China, where WhatsApp, Telegram and Google alternatives are banned. There’s a local version of Zoom that’s compatible, which is why the app’s downloads in Hong Kong soared 460% in November, after an escalation in protest violence first triggered a spike in September, according to researcher Sensor Tower.Read more: Zoom’s Eric Yuan, the CEO Who Made Videoconferencing Bearable“As schools continue to be in lock-down mode, we’ve had to move our lectures online to minimize disruption,” said Cheung Siu Wai, a professor at Hong Kong Baptist University, adding Skype has been another option.Now valued at $19 billion, Zoom’s shares have almost doubled since listing on the Nasdaq this year. It’s unclear how the spike in downloads may translate into revenue growth for Zoom, founded by Chinese emigrant Eric Yuan, who now resides in California.The company has various pricing tiers and recently added HSBC to a roster of paying clients that includes Uber Technologies Inc. and Zendesk Inc., underpinning 85% growth in revenue to $167 million in the October quarter. Representatives for the company, which is backed by investors including Salesforce.com Inc., Tiger Global and Qualcomm Inc., declined to comment on how the Hong Kong protests have affected its business.”With the periodic traffic disruptions, our colleagues have no choice but to use video-conferencing apps,” said Derek Chan, co-founder of Master Concept, a Hong Kong-based cloud service provider.To contact the reporters on this story: Carol Zhong in Hong Kong at email@example.com;Lulu Yilun Chen in Hong Kong at firstname.lastname@example.orgTo contact the editors responsible for this story: Edwin Chan at email@example.com, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Investing.com -- U.S. stock futures drifted higher early Friday in New York, consolidating overnight gains made after China said it would waive import tariffs on U.S. pork and soybeans.
Zoom Video Communications Inc. shares slumped 11% in after-hours trading Thursday after the remote-conferencing service reported third-quarter financial results that indicate its revenue growth rate is cooling. Zoom reported net income of $2.2 million, or 1 cent a share, compared with a loss of $598,000, or 1 cent a share in the year-ago period. Revenue grew 85% to $166.6 million from $90.1 million a year ago. In the previous quarter, revenue had grown 96%. Analysts surveyed by FactSet had expected a loss of 3 cents a share on revenue of $156 million. Zoom went public on April 18 at $62 a share, and hit a closing high of $102.77 on June 12. The S&P 500 index has gained 24.4% this year.
Third quarter total revenue of $166.6 million, up 85% year-over-yearNumber of customers contributing more than $100,000 in TTM revenue up 97% year-over-year SAN JOSE, Calif.,.
Is Zoom Video Communications, Inc. (NASDAQ:ZM) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but […]
Two big economic reports will be on investor’s radars this week — the Institute for Supply Management (ISM) manufacturing data and the November employment report.
Wellcare, Occidental, Six Flags, Dropbox and Zoom Video highlighted as Zacks Bull and Bear of the Day