Is Zoom Stock a Good Buy?

ZOOM VIDEO COMMUNICATIONS INC. (ZM) NASDAQ Wednesday, the company reported earnings of 44 cents a share past analysts’ expectation of  11 cents. Zoom’s revenue grew  higher by 169% and beat its own guidance by 64%.

The company was able to bring  everyone across the world for businesses to still conduct business with the current state of the pandemic. Even weddings were conducted over ZOOM VIDEO COMMUNICATIONS INC. (ZM) NASDAQ.

Can this company continue to reach new heights? Absolutely yes because going forward technologies that allow how individuals and businesses communicate.

Eric Yuan founded Zoom in 2011 to deliver happiness and bring teams together to get more done in a frictionless video environment. Zoom’s video-first unified communications platform continues to dramatically transform the way leading global enterprise companies communicate. Under Eric’s leadership, Zoom was one of the highest-performing tech IPOs of 2019. Source: https://zoom.us/team

Prior to founding Zoom, Eric was corporate vice president of engineering at Cisco, where he was responsible for Cisco’s collaboration software development.

Total Revenue  622,658

Cost of Revenue 115,396

Gross Profit 507,262

Top Institutional Holders

Holder  Shares  Date Reported  % Out    Value

Morgan Stanley 12,187,772           Mar 30, 2020      7.27%    1,780,877,244

Baillie Gifford and Company        7,169,538             Mar 30, 2020      4.28%    1,047,612,892

Artisan Partners Limited Partnership       6,374,855             Mar 30, 2020      3.80%    931,493,812

Hillhouse Capital Advisors Ltd.    6,194,437             Mar 30, 2020      3.70%    905,131,134

Vanguard Group, Inc. (The)          3,887,247             Mar 30, 2020      2.32%    568,004,531

Salesforce Com Inc          2,777,777             Mar 30, 2020      1.66%    405,888,775

Top Mutual Fund Holders

Holder  Shares  Date Reported  % Out    Value

Morgan Stanley Inst Fd Inc-Growth Port 1,503,441             Dec 30, 2019       0.90%    102,294,125

Vanguard Total Stock Market Index Fund              1,281,939             Dec 30, 2019       0.77%    87,223,129

Artisan Mid-Cap Fund    1,155,668             Dec 30, 2019       0.69%    78,631,650

Vanguard Mid-Cap Index Fund   1,144,490             Dec 30, 2019       0.68%    77,871,099

Artisan Global Opportunities Fund           869,763                 Dec 30, 2019       0.52%    59,178,674

Growth Fund of America Inc        750,783                 Dec 30, 2019       0.45%    51,083,275

Vanguard U.S. Growth Fund        627,311                 Feb 28, 2020       0.37%    65,867,655

 

 

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CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

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