![]() ![]() On Tuesday, the company nearly doubled its annual revenue forecast after a blowout first quarter in which customers with more than 10 employees jumped 354% compared with the same period a year ago. This means the market expects Zoom to grow a bit more slowly. The stock has gained 27% since Friday, when it was added to the MSCI World Index. At the moment, the average stock in the Nasdaq-100 index trades at 20.8 times forward-looking earnings estimates. Meanwhile, Zoom Video shares continue to chug higher. Its stock rallied to a four-month high in April but has since fallen about 14%. It’s unclear whether Zoom Corp., a Japanese seller of video and sound recording devices, has also benefited from name confusion. The Vancouver, Washington-based company has about 202,000 paying users, $293 million in revenue last year and is backed by Carlyle Group, according to a filing. Of course, ZoomInfo has little in common with Zoom Technologies aside from its name. ![]() “I think it’s just going to be left to buyer beware,’” Ericksen said. Adaptez vos salles de conférence aux besoins en constante évolution de vos effectifs tout en offrant un équilibre entre le travail en présentiel et le télétravail grâce aux fonctionnalités vidéo HD et audio, au partage sans fil de contenus et au tableau blanc interactif. Ultimately Zoom Technologies changed its ticker symbol from ZOOM to ZTNO. Zoom Video (NASDAQ: ZM) stock has gone from above 180 this year to below 80 currently. ![]() ![]() The regulator cited concerns about ticker confusion and a lack of public disclosures since 2015. Frequently, Zoom is used by people and businesses for its basic teleconferencing functions. First, though, it’s crucial to understand how Zoom is evolving as a business. That volatility captured the attention of the Securities and Exchange Commission, which halted trading in Zoom Technologies for two weeks on March 25. Zoom stock shot up 14 in after-hours trading to more than 100, and the stock is still over 100 today. ![]()
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