Zoom Video Communications Inc (ZM)

[Actualfactual]

I am out on the calls on the plus side from the open. Watched all day..ALMOST bought eod..but, bears won so I shall patiently wait..

[Nebuchadnezzar]

how was that bounce to $300? this opened at $292 ish, hit $295.86, retraced by to 295 once then it was all down hill from there.

ZOOM stock is a DOOMed stock for a while

[Actualfactual]

Ha! Sir, I do understand. Best of trading to you. I hope you meet your pt and then once you do I’ll start looking for mine..

[Nebuchadnezzar]

i dont think you understand. this stock is done bouncing up $20-$30

the stock is getting DUMPED

it's going lower

[Actualfactual]

I think she closes in on 280 by eod..but, she’ll bounce back 20-$30 afterwards. She always does

[Nebuchadnezzar]

great. but this will not see $400+ again anytime soon, it might never see $588 again

it's all about now and where it's going, not where it's been

[TechWhiz]

Not concerned at the least.

I bought 1,000 shares in early April 2020 at $125 and dumped 800 shares (80%) a couple days after it peaked at $588 in mid October 2020. Then dumped another 160 shares (80%) in early November 2020 around $495 range.

Long story short, I let 40 shares ride too see what would happen between November 2020 and December 2021 once COVID slowed down and things got back to normalcy.

Who knows what the future is with work from home and conference calls, so willing to let free money ride to see what might be in store down the road.

Good luck to you.

[Nebuchadnezzar]

ZM over to--------------------------------->

PFE is a sell

glad i got out near $50

[Nebuchadnezzar]

with this kind of volume, tutes are off loading as well

[pcjockey]

on the sidelines, too.

rather not touch it unless it went below $200.

[BottomBounce]

$ZM over to Pfizer PFE FDA Approved https://www.foxnews.com/health/cdc-panel-pfizer-covid-19-vaccine-full-fda-approval

[Nebuchadnezzar]

just watching it today, most notably the volume.

if it can breach 35M in volume + close under $300 or even under $295, the more likely it will trickle lower. I might nibble in the $270s, definitely gamble on it in the $250s

sub $200 would be great, but it might take a real market correction to get under $200

[Nebuchadnezzar]

no idea, but i doubt it. i wonder who paid $400, $450 or even $500+ for this? OUCH

[pcjockey]

Was it ever a Wallstreetbets play?

I think I traded in and out of it last year. Can't remember. lol

[Nebuchadnezzar]

who you tellin? the entire market is overvalued, but yes, ZM is $175 stock with $50 billion market cap which is still elevated IMO

[pcjockey]

It was around $70 going into 2020.

Then it rose to prominence due to COVID lockdowns.

Take away the lockdowns....

[Nebuchadnezzar]

ZM 20M volume already 45 minutes before lunch

[Nebuchadnezzar]

ZM on pace for its 5th highest daily volume session ever

its only breached 30M volume 4 times previous

[Actualfactual]

Technicals will bounce this..after that though..

[Actualfactual]

You’re not wrong

[Nebuchadnezzar]

ZM is trading with a market cap of $88 billion even after the drop.

it's probably worth $50 billion at best---$175

[Actualfactual]

I’m dt’ing this only. I’m not a long holder

[Actualfactual]

It’s a big run when i loaded weeklies sub 290

[Nebuchadnezzar]

wow, big run! lol 296 to 300. watch out.

this stock is not running anytime soon

[Actualfactual]

Looking for that 296 break to run to 300

[Nebuchadnezzar]

down big on 10M volume already. DUMP A THON in progress

[Nebuchadnezzar]

i think it's heading to $250-$275

[Nebuchadnezzar]

even after a $50 drop, ZM still has a whopping $88 billion market cap!

YIKES!!!!!!!!!!

$175 still equals $50 billion market cap

this one could be ugly for a long while

[Actualfactual]

Wowzers. Looking for calls today on this mega dumpage

[Nebuchadnezzar]

it's only good for a trade, it is going to have a very bumpy rest of the year.

$330 and $310 were decent support levels, if $310 can't hold tomorrow then sure, it will test $300, might bounce a little, but i think the stock will drift lower even without a market correction.

the Fed's everlasting QE and support is teaching people the wrong things. PE's and valuations are going to play a big part in the stock market in 2nd half of 2022 and very big role in 2023-2025

[YazM]

I’m hoping it pushes up a bit premarket. I have a feeling the MM’s will walk it up early morning and then drop it at the bell. It’s going to take some heavy down pressure to push below $300 but it will happen if they start it immediately when the market opens or shortly after.

[Nebuchadnezzar]

it's probably going to $270-$280

4 million volume and down $40 in after hours for a stock that averages 5 million during regular hours is very bearish.

could see 10-20 million volume tomorrow

$250 is an obvious a must hold level

[YazM]

I know… I knew I should’ve shorted it before earnings. Ugh. Could’ve made an easy 10% swing.

[Nebuchadnezzar]

ZM down $42.45 in after hours on 4.11M volume!!!!

over 1 billion traded in after hours speaks loud enough for me to know that shorts will own this stock for the rest of the year

the valuation is preposterous

[NYCPuglet]

Teams is free. Lol.

[YazM]

Damn I had a gut feeling to short this before the bell. I was about to and changed my mind. Go figure!

[Nebuchadnezzar]

Overvalued dumpster fire. Down over 3 million shares in after hours.

The TOP is in for this stock

[TechWhiz]

Zoom beats on top and bottom line, as revenue soars 54%

Mon, August 30, 2021, 4:10 PM

Video communications giant Zoom (ZM) reported its fiscal Q2 2022 earnings after the bell on Monday, beating analysts' expectations on the top and bottom line. But the company's growth has slowed as businesses and schools reopen.

Here are the most important numbers from the report compared to what Wall Street expected of the company, as compiled by Bloomberg.

Revenue: $1.02 billion versus $990 million expected.

Earnings per share: $1.36 versus $1.16 expected.

The company's stock was down more than 3% following the announcement.

Zoom has been the epitome of coronavirus growth stocks. The company’s video communication software served as a lifeline for students learning remotely and businesses trying to stay in touch with customers and employees amid a global pandemic. It also provided everyday people around the world with the means to see family and friends, earning it the distinction of Yahoo Finance’s Company of the Year in 2020.

User growth exploded for Zoom throughout the pandemic, with the number of customers with 10 or more employees skyrocketing 458% from 66,300 in fiscal Q2 2020 to 370,200 during the company’s fiscal Q2 2021. That growth, however, slowed in Q2 2022 to 36%, with the company reporting 504,900 such customers.

Customers paying more than $100,000 in the trailing 12 months, though, continues to grow. The number of such customers shot up 112% from 466 in fiscal Q2 2020 to 988 in fiscal Q2 2021. In fiscal Q2 2022, the company saw 131% growth in the category, topping out at 2,278 customers.

https://finance.yahoo.com/news/zoom-q2-earnings-2022-164046775.html

[TechWhiz]

Zoom Video logs first billion-dollar quarter.

[Nebuchadnezzar]

ZM- 30x PRICE x SALES!!! Forward PE 71!!!

https://finviz.com/quote.ashx?t=zm

[Nebuchadnezzar]

ZM- sub $300 before Halloween?

[TechWhiz]

About time. We are Zooming this morning.

Hopefully we can continue the rally into Earnings on Monday, 8/30.

[TechWhiz]

Zoom is a great company with good potential.

However, be careful adding at these levels. I bought in the Spring of 2020 and made a killing last year when it rallied up to a high of $588. I trimmed way back on its way down and have a much smaller position now.

The PE has come way down over past 6 months, however, Zoom still needs to prove they can continue to grow once we get beyond COVID.

Good Luck!!! Go Zoom!!!

[RCChristian]

I’ve continued to add ZM. It looks like it may hit its first billion quarter and it’s doing all the right stuff to expand on its products or “moat” with Zoom phones and the acquisition of five9 who’s already growing 90% yoy into the callcenter market!

[TechWhiz]

Wow - big rally right out of the gates.

Something big is going on.

We popped over $395 within 30 months.

Go ZOOM...

[TechWhiz]

Zoom Gains As BofA Calls It Top Pick, Five9 Deal Game-changer

Mon, July 26, 2021, 8:26 AM
By Dhirendra Tripathi

Investing.com – Zoom stock (NASDAQ:ZM) gained almost 4% Monday as a BofA Securities (NYSE:BAC) analyst called it a top pick and labelled the company’s acquisition of Five9 (NASDAQ:FIVN) a game-changer.

Five9 stock was also up nearly 4%.

Analyst Daniel Bartus has a buy on the video conference firm's stock with a $480 target, an upside of nearly 29% from the current level of $372.55.

In a July 18 announcement, Zoom said it will buy Five9 in an all-stock deal.

The acquisition is expected to enhance Zoom’s presence with enterprise customers and help the video service target the $24 billion contact center market.

Zoom operates unified communications as a service and Five9 offers Cloud-based customer-service software. Both the markets are still hot and both players are leaders in their respective domains, as per Bartus.

According to the analyst, the trend of bundling the two is increasing and the combination of the technologies will be attractive.

Both markets are early in cloud migration and the analyst cited channel checks as suggesting that Covid continues to drive adoption of the two services.

https://finance.yahoo.com/news/zoom-gains-bofa-calls-top-122611867.html

[TechWhiz]

With the Delta Variant picking up momentum across the country, could Zoom become a Pandemic winner once again and give us another big run like we had in 2020??

Let's go ZM!!! Bring us back to $400.00.

[tasari]

and because of this zoom is going down 2,5 !

[TechWhiz]

Zoom is buying cloud contact center provider Five9 for $14.7 billion
PUBLISHED SUN, JUL 18 20219:55 PM EDT UPDATED 10 MIN AGO

KEY POINTS
* Zoom announced on Sunday that it’s acquiring Five9 for $14.7 billion in stock.
* This is Zoom’s first billion-dollar deal and comes as the company looks to expand beyond video chat.
* Five9's market cap as of Friday’s close was $11.9 billion. The acquisition price amounts to a 13% premium.

Zoom announced on Sunday that it’s acquiring Five9 for $14.7 billion in stock.
This is Zoom’s first billion-dollar deal and comes as the company looks to expand beyond video chat.
Five9's market cap as of Friday’s close was $11.9 billion. The acquisition price amounts to a 13% premium.

Zoom announced on Sunday that it’s buying Five9, a provider of cloud contact center software, in an all-stock transaction valuing the company at $14.7 billion.

The deal marks Zoom’s first billion-dollar acquisition and comes as the company prepares for a post-pandemic world with employees returning to the office. It’s the second-biggest U.S. tech deal this year, behind Microsoft’s planned $16 billion purchase of Nuance Communications, according to FactSet.

“We are continuously looking for ways to enhance our platform, and the addition of Five9 is a natural fit that will deliver even more happiness and value to our customers,” said Zoom CEO Eric Yuan in a press release.

Five9 closed on Friday with a market cap of $11.9 billion, or $177.60 a share. Zoom said Five9 stockholders will receive 0.5533 shares of Zoom Video Communications for every Five9 share. That values Five9 at $200.28 a share, a 13% premium.

Zoom has been among the top growth stories in the 16 months since Covid-19 caused a sudden shutdown of offices across the globe, forcing workers in finance, retail, tech and law offices to communicate from remote locations.

After expanding revenue by 326% in 2020, Zoom faces a natural slowdown, especially as companies reopen and face-to-face meetings resume. While the company has launched new products to reckon with coming changes to its business, it’s now so big that organic growth alone is unlikely to satisfy Wall Street.

Zoom’s stock price jumped almost 400% last year, though it’s dropped 36% since reaching its peak in October.

Five9 has seen rapid growth of its own since early 2020, as demand surged for call center technology that allowed representatives to work from home. Companies had to quickly adapt to cloud software of all sorts, including for their contact centers.

Five9's revenue climbed 33% to $435 million last year. CEO Rowan Trollope told CNBC’s Jim Cramer in May that the company signed two of its largest deals during the latest period, expecting them to generate more than $20 million combined annually.

“We’re not having to convince customers that cloud is an acceptable option anymore,” he said. “They’re just diving in.”

This is breaking news. Please check back for updates.

https://www.cnbc.com/2021/07/19/zoom-is-buying-cloud-contact-center-provider-five9-for-14point7-billion.html

[TechWhiz]

We hit $400. It sure looks good.

Next stop $425.

Go ZM!!!