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Zoom Video Communications Inc., listed under the symbol ZM-Q, experienced a remarkable rise following its public debut in 2019 as it became essential for remote communication during the pandemic. However, the company's stock dramatically declined by 90% from its peak, reminiscent of the internet bubble of 2000 when internet stocks found favor among investors. While Zoom has maintained profitability in the current market, its growth trajectory appears stagnant, causing analysts to suggest that investors should focus on larger companies that possess the financial strength and resources necessary to capitalize on emerging technologies, such as AI. This reflects a broader trend where established firms outpace smaller entities in the quest for innovation and profitability, leaving Zoom at a crossroads as it tries to navigate a competitive landscape.
It topped $588 during Covid in October 2020, but competition came charging from Cisco, Microsoft, Google and others. Shares fell to about $75 in two years. There were points on the way down when some investors bought in, assuming shares were a bargain. But every time they bought they got burned. The stock was broken, in free fall.
A lesson is not to buy a damaged company (though buy a damaged stock). Zoom was THE Covid stock, but after the pandemic that success vanished as their competitors caught up to them, their cash position vanished and the company could not pivot to a new reality. Shares fell from $588 to the mid-$70s. Buyers along the way figured that shares could not fall further, but they did and those buyers got burned. The stock went into free fall. How to tell a damaged company from a damaged stock? You never know, so to minimize losses always buy and sell in tranches, not all in one shot.
Zoom Video Communications Inc. is a American stock, trading under the symbol ZM-Q on the NASDAQ (ZM). It is usually referred to as NASDAQ:ZM or ZM-Q
In the last year, 2 stock analysts published opinions about ZM-Q. 0 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Zoom Video Communications Inc..
Zoom Video Communications Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Zoom Video Communications Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered Zoom Video Communications Inc. In the last year. It is a trending stock that is worth watching.
On 2025-05-01, Zoom Video Communications Inc. (ZM-Q) stock closed at a price of $77.25.
It went public in 20129, then soared during the pandemic, but tanked 90% from its peak. At that time, anything internet was beloved like the internet bubble of 2000.