It reached a 52-week high of $164.90 on March 23. Zoom (ZM) stock is down Monday, after privacy and security issues prompted bans from some school districts and companies including Elon Musk's SpaceX. BI … He also said the company saw a huge spike in users, up to 200 million people per day in March, from about 10 million in December.
Offers may be subject to change without notice. A Division of NBCUniversal. Yuan founded Zoom in 2011, and it began trading on the Nasdaq on April 18, 2019, at $36 a share. Yuan said the product was designed for enterprises that run huge "security reviews" of its app.
On Thursday, it was trading below $127. It will include a bug bounty program, which pays people who discover and report security flaws, and a review of the platform with third-party experts. Shares of Zoom were down as much as 16% on Thursday morning. Zoom closed at $121.93 per share, down 11% on the day. 0.15-0.05-24.50%. Summit Insights Group started coverage on the company with a sell rating and $45 price target. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. Zoom CEO Eric Yuan said the company saw a huge spike in users, up to 200 million people per day in March, from about 10 million in December. What Wall Street’s favorite election indicators say about who will win the White House in 2020, This stock market indicator shows a much closer election than polls are predicting, CA Notice at Collection and Privacy Notice, http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. Yuan also said he'll host a weekly webinar on Wednesdays at 7 a.m. “Market trends, hyper competition, and a limited moat make for exceptional and more challenges ahead than strengths,” analyst Jonathan Kees wrote to clients. ‘sentiment analysis’ tool says. Zoom has “a great video product and the rarity of being profitable and [cash flow] positive as an IPO company, [but] we cover cloud communication peers who also have great products and financials,” Summit wrote. Zoom closed at $121.93 per share, down 11% on the day. Shares climbed as much as 11 percent in afternoon trading, shrugging off an earlier decline of as much as 2.8 percent. Market data provided by Interactive Data. Covid Cases Extend ‘Troubling’ Surge, Signaling More Deaths, Ailments in Covid-19 Trials Raise Questions About Vaccine Method, Billionaire Robert Smith Admits Evading Taxes for Years, Australia-New Zealand Travel Bubble Hits a Snag, Boeing Max Judged Safe to Fly by Europe’s Aviation Regulator. That made for the third analyst call on the stock, according to Bloomberg data; two firms have buy ratings.
The firm forecast a “rapid deceleration in sales growth,” and wrote that it could defy gravity “for only so long.” It described the company’s first-day trading activity -- when shares ended up more than 70 percent -- as the stock being bid up “in a frenzy.”.
Shares of Zoom were down as much as 16% on Thursday morning.
"We recognize that we have fallen short of the community's — and our own — privacy and security expectations," Yuan said. Quotes delayed at least 15 minutes. To fix some of these issues, Yuan said Zoom will commit to working on privacy for the next 90 days and will freeze work on all other features. Data is a real-time snapshot *Data is delayed at least 15 minutes. All Rights Reserved. Powered and implemented by Interactive Data Managed Solutions.
Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The polls are wrong. "For that, I am deeply sorry, and I want to share what we are doing about it.". Medley Management Stock: Why MDLY Stock Is Rocketing 161% Today. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Zoom Video Communications shares rallied on Monday, with the newly public company extending its massive first-day rally despite receiving its first bearish call from an analyst. Zoom Video Communications, Inc. Class A Common Stock (ZM) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. He also apologized for some of the security lapses that have been reported this week and outlined what the company is doing to fix those problems.
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Before it's here, it's on the Bloomberg Terminal. Sign up for free newsletters and get more CNBC delivered to your inbox. FORTUNE may receive compensation for some links to products and services on this website. Zoom Video Communications shares rallied on Monday, with the newly public company extending its massive first-day rally despite receiving its first bearish call from an analyst. Zoom has been criticized for "zoombombing" intrusions and for sharing data with Facebook, abusing permissions on Mac, not properly describing how it encrypts data and having a vulnerability that allegedly exposes Windows login credentials to hackers. Zoom CEO Eric Yuan apologized on Thursday for security lapses that have been reported this week and outlined what the company is doing to fix those problems. InvestorPlace 10/12/20.
The U.S. presidential race is a near dead heat, this A.I.
All rights reserved. Terms & Conditions. Zoom Technologies Inc Stock , ZOOM. © 2020 Fortune Media IP Limited. What happens if Trump or Biden dies before the election? FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries.
"We recognize that we have fallen short of the community's — and … Official Close 10/15/2020 NASO. Get this delivered to your inbox, and more info about our products and services. ET to discuss the company's progress. © 2020 CNBC LLC. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell My Info | Ad Choices We want to hear from you. 'Zoom bombing' incidents, in … Eric Yuan, CEO, Zoom Video Communications, Zoom CEO on increased work-from-home demand, apologized on Thursday for security lapses, exposes Windows login credentials to hackers.
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He said it wasn't designed "with the foresight that, in a matter of weeks, every person in the world would suddenly be working, studying and socializing from home.". Got a confidential news tip? All Rights Reserved.
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