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During the pandemic, Zoom's stock price was showing record growth. The video conferencing service continues to develop and introduces new products. However, now the securities are not trading at the highest level, so investors should carefully study the company's financial indicators.
Zoom Video Communications, Inc. - is an American company that develops online conferencing services. The popularity of the communications technology product provider increased during the pandemic. Zoom's stock is not trading at its highest level right now.
Zoom was founded in 2011. ZM Stock is part of the NASDAQ Composite index. The company's products are used in finance, health care, education, and other industries. The communications software provider also works with individuals. "Zoom" develops software for video communication that allows business meetings, conferences, and negotiations online.
In December 2021, the communications software provider said it was introducing new solutions. To this end, Zoom bought the assets of Liminal, which provides tools for large-scale online events. The deal will enable collaboration with creative organizations to solve complex technical problems.
When the peak of the COVID-19 pandemic passed, the company's popularity began to decline, negatively affecting Zoom's stock price. However, the online event software provider continues to grow. This is evidenced by its recent acquisitions and plans. For example, in 2021, the company invested in the startup Kites, which is based on the development of software for real-time speech translation.
Plans to launch a desktop device with a touchscreen for video calls are also a positive development that could boost Zoom's stock. This device could also be used as an interactive whiteboard.
Analysts say previous growth rates are only possible if the company offers new and unique products. At the moment, Zoom faces tougher competition. One serious competitor is Microsoft Corp. Teams, which allows it to conduct video conferences. The developers of this service say the monthly number of its users has grown to 250 million.
The Q3 2021 report showed that the company's financial growth declined compared to previous reporting periods. Thus, the company's three-month revenue increased by 35%. In the second quarter of this year, the growth of this indicator amounted to 54%. In the first quarter of 2021, the increase in revenue compared to the same period in 2020 was as high as 300%. After the last report, Zoom's stock started to go down in price.
The online event service posted its slowest growth since 2018 in the most recent quarterly period. Zoom Video Communications shares fell 7% after its third-quarter report. Analysts at the company foresaw a slowdown in its financial performance. Now the organization plans to focus on other ways to boost profits. So, Zoom's plans included buying call-center software provider Five9. However, the deal did not take place. The shareholders of Five9 were against the merger of companies after Zoom shares collapsed by 30%. Despite the failed deal, Zoom plans to launch its call-center software in 2022.
Zoom's stock is down more than 50% this year. The company's stock price hit an all-time high of $486 in November 2020. On Nov. 29, 2021, the stock was trading at $183.
In March 2020, Zoom stock was trading at $101. As of March 3, 2022, the securities were up about 3.2% (to $104.7).
Individual investors can trade ZM stock after registering on our website and funding their trading accounts.
Between May 2021 and May 2022, Zoom stock has declined noticeably. In May of last year, for example, they were $296. Within a year, the price has fallen by almost $200.
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