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Zoom Video Communications (ZM) Shares Are Soaring

PopTartPopTart
edited February 2020 in Off-Topic
Zoom Video Communications (ZM) - ZM got a vote of confidence after a top industry analyst lauded the videoconferencing company as a "port" in the coronavirus "storm" for investors.

Shares of Zoom have wavered on Wednesday, trading up as much as 3.9% and off as much as 1.4%. At last check they were little changed at $107.06.

Average daily downloads at Zoom shot up 90% in the past 30 days compared with the prior month. Companies, increasingly anxious about the spread of the coronavirus, have pulled back on face-to-face meetings, Bernstein analyst Zane Chrane noted.

https://www.thestreet.com/technology/zoom-video-is-port-in-the-coronavirus-storm-bernstein-says?puc=yahoo&cm_ven=YAHOO&yptr=yahoo

Comments

  • PopTartPopTart
    ZM seems kinda speculative to me, but the shares have been on a roll and may continue to roll if the coronavirus worsens ...
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