The company joined the NASDAQ-100 stock index on April 30, 2020.īeginning in early 2020, Zoom's software usage saw a remarkable global increase after quarantine measures were adopted in response to the COVID-19 pandemic. The company first became profitable in 2019, and completed an initial public offering that year. Dow snaps six-day losing streak, tech stocks rally to end the week. Motley Fool TipRanks Zoom is worth less than it was before the pandemic. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, how much was zoom stock in 2019 how much was zoom stock in 2019:, telephones, and conference room systems Zoom Phone, an enterprise cloud phone system and Zoom Chat enables users to share messages, images, audio files. Zoom set to report first-quarter earnings on Monday. Zoom's revenue growth, and perceived ease-of-use and reliability of its software, resulted in a $1 billion valuation in 2017, making it a 'unicorn' company. Zoom a low double-digit grower, analyst says on stock downgrade. It provides videotelephony and online chat services through a cloud-based peer-to-peer software platform used for video communications, messaging, voice calls, conference rooms for video meetings, virtual events and contact centers, and offers an open platform allowing third-party developers to build custom applications on its unified communications platform.Įric Yuan, a former Cisco engineer and executive, founded Zoom in 2011, and launched its software in 2013. is an American communications technology company headquartered in San Jose, California.

Zoom stock motley fool