![]() The company joined the NASDAQ-100 stock index on April 30, 2020.īeginning in early 2020, Zoom's software usage saw a remarkable global increase after quarantine measures were adopted in response to the COVID-19 pandemic. Mizuho has a buy rating on the ZM stock with a 190 price target. ![]() The company first became profitable in 2019, and completed an initial public offering that year. Zoom Video (ZM) stock price is up over 14 in the past five days. Zoom's revenue growth, and perceived ease-of-use and reliability of its software, resulted in a $1 billion valuation in 2017, making it a "unicorn" company. Once the stock was publicly available, the price quickly surged over 80 to. It provides videotelephony and online chat services through a cloud-based peer-to-peer software platform used for video communications, messaging, voice calls, conference rooms for video meetings, virtual events and contact centers, and offers an open platform allowing third-party developers to build custom applications on its unified communications platform.Įric Yuan, a former Cisco engineer and executive, founded Zoom in 2011, and launched its software in 2013. Zoom announced their stock would be priced at anywhere between 32.00 and 35.00. is an American communications technology company headquartered in San Jose, California.
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