ZM Stock Recent News

In the most recent trading session, Zoom Video Communications (ZM) closed at $70.20, indicating a +1.84% shift from the previous trading day.

The latest trading day saw Zoom Video Communications (ZM) settling at $70.85, representing a +1.26% change from its previous close.

Zoom Video (ZM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Next generation of Zoom AI Companion to pull in information from across Zoom Workplace, empowering users to get more done New custom add-on for AI Companion to offer advanced customization capabilities, including new Zoom AI Studio Zoom Tasks expands Zoom Workplace capabilities to help users detect, recommend, and complete tasks throughout their workday SAN JOSE, Calif., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Today Zoom Video Communications, Inc. (NASDAQ: ZM) kicked off Zoomtopia 2024 and unveiled new AI-first work platform innovations for Zoom Workplace and Zoom Business Services that will transform team communication, collaboration, and productivity and help customers get more done.

ZM shares benefit from expanding Workplace offering and AI Companion.

Zoom Video Communications (ZM) closed the most recent trading day at $67.21, moving -0.59% from the previous trading session.

Multinational organizations and businesses can now have access to Zoom India's first cloud phone solution licensed by the Department of Telecommunications (DoT) India Multinational organizations and businesses can now have access to Zoom India's first cloud phone solution licensed by the Department of Telecommunications (DoT) India

SAN JOSE, Calif., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Zoom Video Communications (NASDAQ: ZM), today announced that Michelle Chang has been appointed as its Chief Financial Officer (CFO), effective October 7, 2024. Chang brings more than 25 years of experience in financial leadership roles, most recently serving as Corporate Vice President and CFO of Microsoft's Commercial Sales & Partner Organization.

Zoom has been on an upward trend since its Q2 earnings release, owing to the company's stronger RPO bookings and its commitment to lower stock dilution. With a modest valuation and significant cash reserves, Zoom's 8.5x FCF multiple and 13x P/E make it an attractive investment compared to the S&P 500. The company's online churn rates also showed moderate improvement, signaling that SMB risks may have bottomed out.

Chris Grisanti, MAI Capital Management chief equity strategist, joins 'Power Lunch' to discuss the recently-public companies that Grisanti favors, Grisanti's thoughts on Airbnb, and much more.