ZM | Zoom Video Communications Inc.
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ZM Price Profile
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Zoom Video Communications Inc. (ZM) Company Profile
Zoom Video Communications Inc. is an American company that provides a video-first communication platform and web conferencing services. The company was founded on 21 April 2021 by Eric Yuan in San Jose, California, United States. Zoom went public on April 18, 2019, and trades on the NASDAQ exchange under the ticker ‘ZM.’
The company develops a people-centric cloud service that offers a real-time collaboration experience. Zoom product portfolio entails Zoom Meetings, Zoom Phone, and Zoom Chat.
Zoom Meetings supports HD video, voice, chat, and content sharing via mobile devices, desktops, laptops, telephones, and conference room systems.
Zoom Phone is a cloud phone system that provides secure call routing, call queuing, call detail reports, call recording, call quality monitoring, voicemail, switch to video. Lastly, Zoom Chat allows sharing messages, images, audio files, and content on different devices, including desktop, laptop, tablet, and mobile devices.
The company also offers Zoom Rooms, a software-based conference room system. Zoom has users globally, and its solutions are in the education, finance, government, and healthcare sectors.
Zoom main competitors
- Cisco Webex Meetings
- Google Hangouts Meet
- Adobe Connect
- Microsoft Teams
Key Zoom Milestones
During the COVID-19 pandemic, Zoom witnessed a major surge in remote work users, distance education, and online social relations. The surge in usage led to an increase in the company’s stock price in early 2020. Zoom stock went from less than $70 per share in January 2020 to $150 per share by the end of March.
In October 2020, Zoom’s market cap surpassed the $140 billion mark. The valuation made Zoom topple major companies like the 130-year-old ExxonMobil.
On April 18, 2019, Zoom went public in an initial public offer (IPO). The company was valued at $16 billion by the end of its first day of trading. The company first became profitable in 2019 after completing its IPO the same year.
In January 2017, Zoom officially became a unicorn after raising $100 million in Series D funding from Sequoia Capital at a $1 billion valuation.
Zoom Frequently Asked Questions
Does Zoom pay dividends?
Since going public, Zoom has not paid any dividends. The company reinvests all profits back into the business for growth.
Has Zoom stock ever split?
Zoom Video Communications has zero splits since going public. The company has not announced any future stock split.
Does Zoom offer a direct stock purchase plan?
No. Investors can purchase or sell Zoom stock through a stockbroker or an online brokerage firm of choice.