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Zoom stock soars to 52-week high, reaches $76.12

Published 05/11/2024, 14:32
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Zoom Video Communications (NASDAQ:ZM) Inc. has hit a new 52-week high, with its stock price reaching $76.12. This milestone reflects a significant recovery and investor confidence in the video conferencing company, which has become a household name since the pandemic. Over the past year, Zoom's stock has witnessed a remarkable turnaround, boasting a 22.19% increase in its value. This surge is indicative of the company's robust performance and its ability to maintain relevance in a market that is gradually shifting from remote to hybrid work environments. Investors are closely monitoring Zoom's growth trajectory as it adapts to post-pandemic demands and expands its offerings beyond video conferencing.

In other recent news, Five9 Inc (NASDAQ:FIVN). has been targeted by Legion Partners Asset Management for cost cuts and board changes. Legion Partners, following a similar move by Anson Funds Management, has acquired a stake in Five9 and is advocating for a board seat and cost reductions. This initiative comes after a failed acquisition attempt by Zoom Video Communications, which had proposed a $15 billion offer to purchase Five9 in 2021. Five9 reported revenues of $910.5 million in 2023.

Turning to Zoom Video Communications, the company maintained its Hold rating according to a review by an analyst at Needham. The company recently held its investor day and introduced Michelle Chang as their new CFO. Zoom reported Q2 2025 earnings and revenue that surpassed expectations, with non-GAAP income from operations reaching $456 million and total revenue amounting to $1.16 billion.

On the analyst front, Barclays (LON:BARC) reiterated its Equalweight rating on Zoom, while Piper Sandler maintained an Overweight rating. Benchmark upgraded the price target for Zoom, lifting it to $85.00 from the previous $83.00 while maintaining a Buy rating. These recent developments indicate a positive outlook on both Five9 and Zoom's operations and financial performance.

InvestingPro Insights

Zoom's recent stock performance aligns with several key metrics and insights from InvestingPro. The company's impressive 35.79% price return over the last three months underscores its strong momentum, which has culminated in trading near its 52-week high. This upward trajectory is supported by Zoom's solid financial foundation, as highlighted by InvestingPro Tips. The company holds more cash than debt on its balance sheet, and its liquid assets exceed short-term obligations, providing financial stability that investors value.

Furthermore, Zoom's profitability remains robust, with a notable gross profit margin of 75.89% in the last twelve months as of Q2 2025. This aligns with the InvestingPro Tip noting Zoom's "impressive gross profit margins." The company's ability to maintain such high margins in a competitive market speaks to its operational efficiency and strong market position.

For investors seeking a deeper understanding of Zoom's potential, InvestingPro offers 10 additional tips, providing a comprehensive analysis of the company's financial health and market position.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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