Zoom Video Stock: Competition Could Weigh on Recovery
19 July 2022 - 10:51AM
TipRanks
While video-conferencing company Zoom Video Communications (ZM) is
still on the right side of the digital transformation secular
trend, Zoom is not the only name in town. It may have been the
go-to offering when pandemic lockdowns swept the world. However,
many firms have taken notice, and they've been eager to make a
splash in video conferencing. ZM shares have endured one of the
most painful crashes of the pandemic winners. At writing, the stock
is just nearly 83% from its 2020 all-time high. Despite the
severity of the meltdown, shares are still not at three-year
lows.
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Zoom Video Communications (NASDAQ:ZM)
Historical Stock Chart
From Oct 2023 to Nov 2023
Zoom Video Communications (NASDAQ:ZM)
Historical Stock Chart
From Nov 2022 to Nov 2023