This demonstrates that Zoom's profitability is increasing as the company's revenue is now outpacing its costs. a rise of about 300 percent from the previous year. Will Zoom Stock Rise Once More?įor the whole of 2022, management projects non-GAAP profits per share (EPS) of $4.85. with a 90.00 low estimate and a 190.00 high estimate.įrom the most recent price of 106.55, the median projection reflects a +14.50 percent increase.
The median price objective among the 25 analysts who are providing Zoom Video Communications Inc 12-month price estimates is 125.00. The answer is no, as for now, the zoom stocks have dropped. People ask if is Zoom a good stock to buy. due to slower growth and lowering valuation multiples for technology stocks. The stock has fallen by over 80% since its peak in October 2020. It's crucial to keep in mind that this growth came after a 191% increase in the third quarter of 2022.įollowing a fall of 7.4 percent on Tuesday, Zoom stock (ticker: ZM) fell by 3.7 percent on Wednesday to $118.23.While the development might not seem very noteworthy at first.$1 billion more was made during the quarter than the previous year, an increase of 12%.Recent Zoom profits were for the third quarter of the fiscal year 2023, which ran from April 30 to May 31.
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