Publicly Traded ‘Pandemic Winners’ See Stocks Slide
Video conferencing tools were lifesavers throughout and , facilitating gatherings for both personal and professional reasons. One video conferencing tool that ended up becoming a literal and metaphorical household name is Zoom. It added over two million active users during the first two months of alone, which is more than the 1.
Unfortunately, the final quarter of and whole of told a very different story as its share prices slipped and slid continuously. From to , its revenue and gross profit more than doubled. Additionally, its assets grew while liabilities dropped. Zoom successfully defied naysayers who said that there were too many video conferencing tools in the market already. It even went on to hold an annual in-person conference from onwards to update users on everything that the company was working on, dubbed Zoomtopia.
For ten months in , all was well and good as people relied heavily on tools that allowed them to work and study efficiently at home. However, the company was far from bleeding cash as its stock prices fell.
It was still experiencing quarter-on-quarter growth, only at a slower rate. As mentioned earlier, Zoom is still growing consistently every quarter while its stock price dropped.
External events such as the troubles befalling China Evergrande Group and fears of inflation have a part to play in this. Further complicating the situation are analysts not being unified on whether Zoom is still a good stock to buy. Only you can decide whether Zoom is a good fit for your investment horizon, risk appetite, and portfolio. The company certainly has no plans to rest on its laurels as it aims to grow even after COVID is firmly in the rear view mirror.
However, it became one of the most popular apps that businesses used by the fourth quarter of Although the acquisition failed, Zoom is now developing its own solution named Zoom Video Engagement Center. Should these be rolled out successfully, Zoom will be able to transform its video conferencing tool into a true collaboration platform.
They realised how important online collaboration tools are and improved on the services that they currently had. Google Meet for instance, could see up to eight updates in a single month. Several of these updates include high-quality video and audio, a digital whiteboard, breakout rooms, and more.
Several alternatives might prove to be more attractive than Zoom because they might already be part of an app that a company is currently using. Currently, its challenge is retaining smaller businesses. These include other pandemic darlings like exercise equipment company Peloton and food delivery firms DoorDash and GrubHub. Nations began to realise that completely eliminating the novel coronavirus via lockdowns and other social restrictions would not be feasible. Zoom is gearing up for the new normal.
Its video conferencing tool is poised to become a full-fledged collaboration platform, with features like live translations and transcriptions currently in the works. Its stock prices might be taking a beating right now, but if the company plays its cards right, it might even cause firms to seriously reconsider their business travel policies. And no, he was not named after the Swiss timepiece brand. Already signed up?
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Finally, it became a publicly-listed company on 18 April Every edition featured keynote speeches by celebrities and entrepreneurs, to boot. Sadly, Zoom was a victim of its own success. Back to top 2. That translates to customers streaming in while investors head towards the exit. What gives? Always rely on your research and set goals for your investments. Compare Best Online Brokerage. Back to Blog. Related articles. Sign up for our newsletter for financial tips, tricks, and exclusive information that can be personalised to your preferences!
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Why is zoom stock crashing – why is zoom stock crashing:
Since then the share price has stumbled downwards, landing on U.S. dollars on February 9, Despite the fall from grace on the stock market, Zoom’s. He expressed concern about a downturn in the technology sector and a potential “pandemic hangover.” Investors are paying attention to whether.
• Zoom’s share price | Statista.
Related Stocks. Find News News. Apex Technology Acquisition Corp. Zoom is considering expanding to email, messaging, calendar to compete with productivity platforms giants like Google and Microsoft, according to new report Business Insider d.
Zoom could acquire Smartsheet and Dropbox to become a ‘collaboration titan’ that competes with Microsoft and Google, analyst predicts Premium d. Snap Inc. The metaverse offers added opportunities for a variety of tech stocks.
Although big drops in the stock market can be unnerving and tug on investors’ emotions, they’re also, historically, an excellent time to put your money to work.
Corrections and bear markets tend to run their course relatively quickly, and all notable declines throughout history have eventually been erased by a bull market rally.
If you’re approaching retirement age, chances are you need to brush up on your Social Security knowledge. A recent MassMutual poll found that most people nearing retirement age don’t know the ins and outs of this vital safety net program. Joe Biden appears to be ready to allow more oil to flow out of Iran and Venezuela as fuel shortages force the West to take a softer approach to its political foes.
A decent dividend plus a bargain price adds up to an incredible opportunity for investors to consider. Meanwhile, the Federal Reserve enters a blackout period before its next policy-setting meeting later this month. From buying groceries to gasoline to automobiles, inflation has hammered Americans’ purchasing power.
In fact, the most well-known metric of inflation has soared to a four-decade high. If oil keeps rising, it would be great news for energy stocks—and oil exploration stocks in particular.
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Cancer Insurance. Personal Accident Insurance. CareShield Life Supplements. Home Loans. Savings Accounts. Debit Cards. Priority Banking. SIM Only Plans. Manage Debt. Protect Yourself. Grow Wealth. Own Property. No recovery, no fee. Related Posts. About The Author. Prior to joining ABS, he has worked a financial advisor and inside sales desk manager for a broker-dealer. He brings nearly 20 years of experience investing and has a Masters Degree from Western Governors in Business Leadership.