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Zoom Video (ZM) in Focus: Stock Moves 7.6% Higher

Zacks Equity Research
·2-min read

Zoom Video Communications, Inc. ZM was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 61.6% in the past one-month time frame.

The upmove came after the company's first-quarter fiscal 2021 (ended Apr 30, 2020) adjusted earnings beat analyst estimates.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Zoom Video currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

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Zoom Video Communications, Inc. Price

Zoom Video Communications, Inc. Price
Zoom Video Communications, Inc. Price


Zoom Video Communications, Inc. price | Zoom Video Communications, Inc. Quote

Investors interested in the Internet - Software industry may consider Anaplan Inc PLAN, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

These Stocks Are Poised to Soar Past the Pandemic

The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.

Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.

See the 5 high-tech stocks now>>


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Anaplan, Inc. (PLAN) : Free Stock Analysis Report
 
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Zacks Investment Research