Unfortunately, this is some way off the highs of $588.84 that were seen last October.īut look at what’s happened in the week since the 2020 results emerged. The share price spiked close to 10 per cent – hitting $409.66.

Initially, there was a very warm reaction to Zoom’s latest results on Wall Street.

“We believe we are well positioned for strong growth with our innovative video communications platform, on which our customers can build, run, and grow their businesses our globally recognised brand and a team ever focused on delivering happiness to our customers.” Is Zoom a good stock to buy right now? Turning his attention to the 2022 fiscal year, he added: Our ability to rapidly respond and execute drove strong financial results throughout the year.”īut crucially, his Zoom stock projections remain upbeat – even as countries roll back their lockdown restrictions and the vaccine rollout accelerates.

“We are humbled by our role as a trusted partner and an engine for the modern work-from-anywhere environment. Yuan, Zoom’s founder and CEO, was clearly in a celebratory mood: And across the whole of 2020, revenue came in at $2.6tn… a very healthy bump of 326 per cent compared with 2019.Įric S. The company revealed that Q4 revenue hit $882.5m – that’s up 369 per cent year on year. We got some way to answering this question when Zoom Video Communications released full-year results in early March. But there’s a problem that’s long lingered over this tech firm’s future: will current levels of demand remain once Covid-19 is over. The company’s share price exploded when the coronavirus pandemic first surfaced – as businesses raced to find ways to work remotely, and friends and family sought new ways of staying in touch from home. Zoom stock predictions are a little difficult to make right now.