ZM Stock Summary and Trading Ideas (Zoom Communications - Class A | NASDAQ:ZM)

Zoom Video Communications provides a communications platform that connects people through video, voice, chat, and content sharing. The company's cloud-native platform enables face-to-face video and connects users across various devices and locations in a single meeting. Zoom, which was founded in 2011 and is headquartered in San Jose, California, serves companies of all sizes from all industries around the world.

Zoom Communications - Class A trades on the NASDAQ stock market under the symbol ZM.

As of January 10, 2025, ZM stock price declined to $79.46 with 2,337,658 million shares trading.

ZM has a beta of 0.90, meaning it tends to be less sensitive to market movements. ZM has a correlation of 0.11 to the broad based SPY ETF.

ZM has a market cap of $24.35 billion. This is considered a Large Cap stock.

Last quarter Zoom Communications - Class A reported $1 billion in Revenue and $1.38 earnings per share. This beat revenue expectation by $14 million and exceeded earnings estimates by $.07.

In the last 3 years, ZM traded as high as $179.90 and as low as $55.06.

The top ETF exchange traded funds that ZM belongs to (by Net Assets): VTI, VO, COWZ, VXF, VGT.

ZM has underperformed the market in the last year with a price return of +16.2% while the SPY ETF gained +23.8%. However, in the short term, ZM had mixed performance relative to the market. It has outperformed in the last 3 months, returning +16.3% vs +1.6% return in SPY. But in the last 2 weeks, ZM shares have been beat by the market, returning -7.2% compared to an SPY return of -3.5%.

ZM support price is $78.20 and resistance is $81.60 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ZM shares will trade within this expected range on the day.