Advertisement
Canada markets open in 8 hours 1 minute
  • S&P/TSX

    21,740.20
    -159.79 (-0.73%)
     
  • S&P 500

    5,061.82
    -61.59 (-1.20%)
     
  • DOW

    37,735.11
    -248.13 (-0.65%)
     
  • CAD/USD

    0.7250
    -0.0003 (-0.04%)
     
  • CRUDE OIL

    85.97
    +0.56 (+0.66%)
     
  • Bitcoin CAD

    86,476.93
    -3,412.20 (-3.80%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,403.40
    +20.40 (+0.86%)
     
  • RUSSELL 2000

    1,975.71
    -27.47 (-1.37%)
     
  • 10-Yr Bond

    4.6280
    +0.1290 (+2.87%)
     
  • NASDAQ futures

    17,868.75
    -7.50 (-0.04%)
     
  • VOLATILITY

    19.23
    +1.92 (+11.09%)
     
  • FTSE

    7,965.53
    -30.05 (-0.38%)
     
  • NIKKEI 225

    38,499.14
    -733.66 (-1.87%)
     
  • CAD/EUR

    0.6826
    +0.0002 (+0.03%)
     

Where Will Zoom Video Communications Stock Be in 1 Year?

Where Will Zoom Video Communications Stock Be in 1 Year?

Zoom Video Communications (NASDAQ: ZM) posted its latest earnings report on May 22. For the first quarter of fiscal 2024 (ended on April 30), the cloud-based video conferencing company's revenue grew 3% year over year to $1.11 billion and exceeded analysts' estimates by $30 million. Zoom's growth rates seem stable, but its stock only rose slightly after the report and the price remains nearly 90% below its all-time high.