Zoom Video Communications, Inc. (ZM) is a technology provider that specializes in providing video conferencing solutions. It offers its services to businesses, educational institutions and government organizations worldwide. The company was founded in 2011 and is headquartered in San Jose, California.
As of 3rd February 2023, Zoom Video Communications has a market capitalization of 23.25 bln USD which is an increase from 24.22 bln USD on 2nd February 2023 and 22.83 bln USD on 1st February 2023 respectively. The average market capitalization for the past 50 days stands at 71.68 mln USD and that for the past 200 days stands at 87.66 mln USD indicating a steady growth in market value over the past few months due to increased usage of its services during the pandemic induced lockdown period across the globe.
The stock price per share presently stands at 80.77USD with a change of 2.87USD or 3.68% from the previous close of 77.9USD indicating an upward trend in investor sentiment towards this stock as compared to other stocks within its peer group as it continues to remain one of the most preferred providers for digital communication solutions across all sectors including business, education and government organizations alike due to its reliable service offerings powered by innovative technologies such as artificial intelligence and machine learning.
Overall, Zoom Video Communications’ financial situation seems stable with increasing investor confidence quite evident in the current scenario despite being highly competitive within its market segment signifying that it will continue doing well in future too provided it maintains its edge over competitors by continuing to invest heavily into research & development activities while also expanding its reach geographically into newer markets as well as launching more customer-centric products & services down the line which should help maintain their financial stability going forward as well as further increase their market capitalization eventually providing investors higher returns on their investments over time
