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Zoom video stock price5/7/2023 ![]() ![]() ![]() Concerns over Zoom’s lofty valuation, the potential negative impact of the vaccine rollouts and the company’s seemingly impossible year-over-year growth comps in 2021 have likely weighed on the share price. Zoom In 2021, Beyond: The stock has since pulled back to around $340. Related Link: If You Invested ,000 In Ford Stock One Year Ago, Here's How Much You'd Have Now In fiscal 2021, Zoom’s net income jumped to $672.3 while its revenue increased to $2.65 billion. In fiscal 2020, Zoom generated net income of $25.3 million on $622.6 million in revenue. ![]() In October, Zoom’s market cap crossed $140 billion, making it more valuable than Exxon Mobil Corporation (NYSE: XOM) at the time. The worse the pandemic got, the more customers were flocking to Zoom.īy June 2, Zoom shares were above $200 for the first time and hit a high of $588.84 in September. When the S&P 500 bottomed on March 23, Zoom shares were doing just fine trading at $142. By the beginning of March, the stock was already up to $109 after news of the coronavirus spreading in China prompted concerns about a U.S. Zoom’s video conferencing software was at the epicenter of a boom in remote work software demand.Īt the beginning of 2020, Zoom shares were trading at around $69. When quarantine and social distancing measures were implemented in early 2020, all professional and personal communications were forced online. Fortunately for Zoom investors, the 2020 pandemic may end up being the greatest bullish catalyst of all time for Zoom’s business and stock. ![]()
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