zoom stock forecast 2021
Find the latest Zoom Video Communications, Inc. (ZM) stock quote, history, news and other vital information to help you with your stock trading and investing. "As remote work trends have accelerated during the pandemic," Yuan explained, "organizations have moved beyond addressing immediate business continuity needs to actively redefine and [embrace] new approaches to support a future of working anywhere, learning anywhere, and connecting anywhere.". From there, it depends on the successful development of therapeutics or vaccines to treat the virus, which is why any news on that front is much more important to the market right now than any backward looking economic data that tells us what we already know. Stock quotes by finanzen.net. See Zoom Video Communications, Inc. (ZM) stock analyst estimates, including earnings and revenue, EPS, upgrades and downgrades. More importantly, Zoom founder and CEO Eric Yuan indicated in the company's fiscal third-quarter earnings call that he believes the spike in adoption in video collaboration technology is here to stay, even as the economy reopens. Get daily stock ideas top-performing Wall Street analysts. Stock Market Predictions. Zoom Technologies, Inc. () Stock Market info Recommendations: Buy or sell Zoom Technologies stock? Now management is expecting full-year fiscal 2021 revenue to be between $2.37 billion and $2.39 billion (Don't forget, management was initially expecting about $910 million in total revenue during fiscal 2021). 40-year bull market in bonds is about to end, Why electric planes haven't taken off yet, Nikola sheds 15% after CEO says it has plan to work without GM if deal falls apart », Oracle founder Larry Ellison donated $250,000 to pro-Lindsey Graham super PAC the day the TikTok deal was announced ». Here are 15 picks for the remainder of the season. In short, Zoom stock may still be worth buying today -- as long as the position is kept small and investors plan to hold for five years or more. Market data powered by FactSet and Web Financial Group. @themotleyfool #stocks $ZM, 2 Stay-at-Home Tech Stocks to Buy Right Now, Forget Snowflake, These 3 Tech Stocks Are Better Buys Right Now, 3 High-Risk, High-Reward Stocks to Add to Your Watchlist, These 3 Stocks Are Absurdly Overvalued Right Now, Copyright, Trademark and Patent Information. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. See you at the top! "The only worse-case scenario is if there's a huge second wave in October, we don't have therapeutics, no vaccine is available ... and there's a total shut down again," he said. Still, there is risk, according to Siegel. That echoes Siegel's recent comments that the 40-year bull market in bonds is about to end. Alternatively, the stock market jumped higher on April 29 after Gilead announced "positive data" for its drug in a coronavirus trial with the National Institutes of Health. That's according to Wharton professor Jeremy Siegel, who made those comments and more in a … Zoom's wild business growth certainly merits a soaring stock price in 2020. Cumulative Growth of a $10,000 Investment in Stock Advisor, Should You Buy Zoom Stock Right Now? Elections have a dress code, too. When Zoom reported its fiscal first-quarter results in June, the company beat expectations -- and then some. A collaboration pioneer. Daniel Sparks is a senior technology specialist at The Motley Fool. 8 Stocks That Could Double From 2020 to 2021, With No COVID-19 Focus at All Jon C. Ogg 5/29/2020. "I do think that the March low is definitely going to be the low," Siegel said, adding that the stock market can make news highs in the next year-and-a-half to two years. Zoom, therefore, certainly commands a pricey valuation. The company said it expects fiscal third-quarter revenue to be between $685 million and $690 million -- a notable uptick from Zoom's impressive fiscal second quarter. All rights reserved. He has previously served in the U.S. Army on active duty and holds an MBA from Colorado State University. In other words, Zoom is currently trading at about 77 times a forward estimate of Zoom's annual free cash flow. No one would have guessed how significantly the company would benefit from people all over the world sheltering at home and organizations embracing more work-from-home solutions. Siegel said that if a treatment or vaccine for the coronavirus is developed that reduces the fear instilled in people since the pandemic started, "2021 can be a boom year.". Not only should investors plan for a bumpy ride given the stock's high valuation, but investors should note that shares could take a hit if competition begins making inroads on Zoom. View which stocks are hot on social media with MarketBeat's trending stocks report. This would result in annual revenue of about $2.75 billion. But is Zoom really worth its $119 billion market capitalization today? The S&P, Dow, NASDAQ and the Russell enjoyed more upward trajectory, even as economic and job numbers lag and Covid infections rise across the country.. Visit the Business Insider homepage for more stories. Read more: GOLDMAN SACHS: Traders are reaping unusually large profits from earnings-related stock trades. More money has been added to the system in the past eight weeks than was added in the entire year following the collapse of Lehman Brothers, according to Siegel. The stock market bottom is in, and 2021 could be a boom year for stocks. Zoom's gross margin narrowed to 68.4%, from 82.7% in the previous quarter and 80.2% in the year-ago quarter, as it added computing capacity, including from Amazon Web Services, to … Let's conquer your financial goals together...faster. Here's what can get you turned away from the polls. While Siegel said that investors can't take that possibility off the table, he views it as a low-probability risk. That's according to Wharton professor Jeremy Siegel, who made those comments and more in a Friday morning interview on CNBC. Once confidence begins to recover, that liquidity will flow into spending and into the stock market.


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