Zoom Video Communications, established in 2011 and headquartered in San Jose, California, is a leading enterprise video communications provider. The company's revenue for the fiscal year 2023 was $4.39 billion. Zoom offers a cloud platform for chat, audio and video conferencing, and webinars across desktop, mobile and room systems. It also provides telehealth, Zoom rooms, business IM and a developer platform. Serving various sectors, including healthcare, government, education and finance, Zoom operates in multiple countries.
Zoom reported a total revenue of $1.14 billion in Q3 2023, marking a 3.2% increase from the previous year. The company's performance was driven by strong enterprise sales, indicating its resilience in a competitive market for business collaboration software. Analysts expect Zoom's revenue to continue its growth trajectory, with the company providing a revenue forecast falling just shy of projections. For 2024, Zoom is expected to focus on product innovation and market expansion to grow in the remote work and digital communication sector.
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Over the last 12 months, Zoom Video Communications's shares have ranged in value from as little as $58.87 up to $75.9. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Zoom Video Communications's is -0.078. This would suggest that Zoom Video Communications's shares have been inversely-correlated to the average (for this exchange) – so when the broader market trended up or down, Zoom Video Communications has bucked the trend.
Historical closes compared with the last close of $61.65
| 1 week (2024-04-18) | 3.70% |
|---|---|
| 1 month (2024-03-25) | -7.08% |
| 3 months (2024-01-25) | -8.99% |
| 6 months (2023-10-25) | 3.61% |
| 1 year (2023-04-25) | 0.36% |
| 2 years (2022-04-25) | -37.32% |
| 3 years (2021-04-25) | -81.67% |
| 5 years (2019-04-25) | -6.90% |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
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Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Zoom Video Communications P/E ratio, PEG ratio and EBITDA
Zoom Video Communications's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 30x. In other words, Zoom Video Communications stocks trade at around 30x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 09, 2023 (20.44). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Zoom Video Communications's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 4.7503. Higher PEG ratios such as this can be interpreted as meaning the shares offer worse value given the current rate of growth.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Zoom Video Communications's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.
Zoom Video Communications's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $702.7 million.
The EBITDA is a measure of a Zoom Video Communications's overall financial performance and is widely used to measure a its profitability.
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