Zoom Video Communications, Inc. (ZM) is a technology services and video conferencing company headquartered in San Jose, California and listed on the NASDAQ. Since the 2020 COVID-19 pandemic, there has been a surge of interest in Zoom as more people self-isolate and connect via video conferencing.
Zoom stock profile
Zoom is a US technology stock listed on the NASDAQ and one of the world's most popular video conferencing providers. This has made it an especially attractive stock during the COVID-19 coronavirus outbreak. With people around the world forced to work from home and sign up to video platforms, many believe Zoom could stay a popular choice among companies and workers into the future.
Share price rise. Zoom's share price has more than doubled in the 12 months since it was listed in April 2019 and some analysts expect it to go further.
Work from home culture. COVID-19 has intrinsically changed the way we interact and work together, and Zoom is one of the biggest leaders in the video conferencing space set to benefit.
Financials. The March 2020 profit report proved positive, with full-year revenue up more than 80% from the year before and cash flow up 196%.
Over-hyped. Some analysts believe the stock has been overbought during the height of COVID-19 and will deliver little more growth or even reverse once the pandemic ends.
Changing landscape. The digital video space is reasonably crowded with many new and existing players competing for the top spot.
Risk. Tech stocks are historically more volatile than other types of stocks as they tend to garner more hype but also more competition.
Should I buy Zoom stocks?
Technical analysis is used in finance to forecast the direction of prices by studying the past movements of markets. This is not a recommendation, it represents an analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
How to buy Zoom shares
Choose a share trading platform. In order to buy shares listed in the US you'll need to open an account with a broker that offers global shares. Our table below can help you choose.
Open your account. You’ll need your ID, bank details and tax file number.
Confirm your payment details. You’ll need to fund your account with a bank transfer, debit card or credit card.
Find the shares you want to buy. Search the platform for Zoom (NASDAQ:ZM) shares and place a buy order. It's that simple.
When you successfully purchase shares, you’ll receive a confirmation note from the broker, and the money will be taken out of your cash account. For more information about buying stocks, you can read our guide on how to buy shares.
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
Kylie Purcell is the investments editor for Finder. She has a background in business and finance news and has previously worked at SBS, Your Money, Switzer Group and CCTV in Beijing. She specialises in cutting through messy financial jargon so that others don't make the same investment decisions that she did in her misguided youth. When she's not writing about the markets you can find her bingeing on long blacks.
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