|Bid||380.00 x 1300|
|Ask||379.00 x 800|
|Day's range||371.82 - 440.00|
|52-week range||100.88 - 588.84|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||259.06|
|Earnings date||31 May 2021 - 04 Jun 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||466.10|
Zoom is sitting on a monster cash pile. The company's CFO Kelly Steckleberg explains how they may spend some of the money.
Shares of Zoom Video Communications (NASDAQ: ZM) fell 9% on Tuesday, following the cloud communication leader's fourth quarter results. Usage of Zoom's cloud-based video, voice, and chat tools continued to grow at a rapid clip -- and many of its free users chose to upgrade to premium packages. Zoom's customers with more than 10 employees surged 470% to roughly 467,100.
Once again, the Nasdaq Composite (NASDAQINDEX: ^IXIC) took the brunt of the hit, falling more than 1% even as other major stock benchmarks had only fractional percentage declines. What's interesting about the Nasdaq's behavior lately is that a bunch of high-growth stocks have seen their share prices fall even after delivering strong financial results. Shares of Zoom Video Communications fell nearly 5% Tuesday afternoon.