Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Connect with friends faster than ever with the new Facebook app. On a non-GAAP basis, which excludes its stock-based compensation expenses and other one-time expenses, Slack's net loss only narrowed slightly from $115.8 million to $113.4 million. Snap Interactive changed its name to PeerStream last year. Nestor had once sold automated traffic enforcement equipment to state and local governments. Readers are wondering if oil fund prices will go up as quickly as they went down. Since late March, shares in Zoom Technologies, a so-called penny stock whose ticker symbol is “ZOOM,” have jumped nearly 27,000 percent. Both companies went public last April, but Zoom is growing at a much faster rate than Slack. Tweeter, Twitter: In late 2014, shares of Tweeter Home Entertainment got caught up in the excitement surrounding Twitter’s initial public offering. We want to hear from you. On Thursday, ZoomInfo went public, selling 44.5 million shares at a price of $21. According to the SEC, the suspended “ZOOM is a Delaware corporation that reported in 2014 having its principal executive offices in Beijing, China. Unlike Slack, which is designed as a replacement for traditional emails and memos, Zoom's platform is designed for large group meetings. Both companies benefit from stay-at-home measures. That's right -- they think these 10 stocks are even better buys. Get the DealBook newsletter to make sense of major business and policy headlines — and the power-brokers who shape them.__________. Have a confidential tip for our reporters? Source: Smith Collection/Gado via Getty Images. Guthrie to Trump: You're the President, you're not some crazy uncle! We highly recommend Zoom for our video conferencing tool." Tech ETFs can be a great addition to your portfolio. Slack's stock rose … Zoom Technologies is hardly the first penny stock, typically defined as stocks that trade for less than $5 but often below a buck, to pop on news from a similarly named company. The opening of trading in Zoom Video Communications last Thursday. Before it's here, it's on the Bloomberg Terminal. Zoom trades at 42 times its revenue forecast and nearly 350 times its earnings forecast for 2021. Paid subscribers gain access to larger and longer group meetings, more cloud storage, better customer support, and other perks. It also stated that its number of customers with over ten employees grew 61% to 81,900. Slack's stock rose roughly 25% since the beginning of 2020, while shares of Zoom surged more than 120%. "The biggest thing with video conferencing tools is the quality and ease to use and Zoom is at the top of both of those in our eyes. The COVID-19 crisis lit a fire under Slack and Zoom, but I wouldn't chase either stock at these frothy levels. Got a confidential news tip? Zoom Technologies (ticker ZOOM) is NOT the similarly-named popular video communications company. Slack's communication platform connects employees with messaging and collaboration services, and Zoom's video conferencing and remote collaboration tools have gained momentum with both enterprise and mainstream users. Before the halt, Zoom Technologies had a market value of $31.3 million, compared with about $40 billion for Zoom Video, data compiled by Bloomberg show. Today the SEC suspended trading in the securities of Zoom Technologies. David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Zoom Video Communications wasn't one of them! Get this delivered to your inbox, and more info about our products and services. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. Zoom expects its revenue to rise 63%-65% annually in the first quarter, which easily beats expectations for 53% growth. Covid Cases Extend ‘Troubling’ Surge, Signaling More Deaths, Boeing Max Judged Safe to Fly by Europe’s Aviation Regulator, Billionaire Robert Smith Admits Evading Taxes for Years, U.S. Budget Gap Triples to Record $3.1 Trillion on Virus Relief, Stocks Mixed Amid Tech Slide on Big Options Day: Markets Wrap. Zoom's free tier allows users to host remote meetings of up to 100 people for up to 40 minutes at a time. Its standard tier for small to medium-sized businesses costs $6.67 per person per month when billed annually, while its Plus tier for larger businesses costs $12.50 per person per month. 10 stocks we like better than Zoom Video Communications, When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Slack Technologies (NYSE: WORK) and Zoom Video Communications (NASDAQ: ZM) are both weathering the COVID-19 pandemic better than the … Supposedly, the company hasn't reported earnings since 2011, so I think it's safe to say that they're pretty much non-operational at this point. Follow me and receive periodic notifications when I post here by clicking the FOLLOW button at the top of the page! If you liked this article/video, please click the LIKE button or share it on Twitter, Facebook, etc. It's now got a market cap north of $40 billion. But if you want to buy Zoom stock, make sure you're buying the right one. The Motley Fool has a disclosure policy. But don't confuse it with Zoom Video -- even though its shares are soaring, too. The next day, Zoom Video filed paperwork for an initial public offering, and Zoom Technologies shares rose to 6 cents. Thanks to the ticker confusion, shares of ZOOM have shot through the roof. Slack is deeply unprofitable, as the costs of hosting, promoting, and expanding its services consistently offset its revenue from paid subscribers. The strong debut for ZoomInfo is the latest sign that the IPO market, much like the rest of Wall Street, is enjoying a huge comeback in recent months after stocks plunged in March due to the Covid-19 outbreak. Unfortunately, it's very unlikely. After piling into oil futures and bankrupt companies, Robinhood account holders are making their riskiest bet yet. All rights reserved. If you've been looking to make money in the midst of the coronavirus-inspired economic shutdown, you've probably at least looked at Zoom. Zoom Video’s Stock Soared in Public Debut. On March 21, a share of Zoom Technologies traded at less than a penny, although none traded hands that day, according to FactSet. Zoom expects its non-GAAP EPS to rise 20%-29% in 2021. That's led to the company, which went public last year, to see a surge in users and stock price rise of more than 112% this year so far -- a rarity in the current coronavirus-induced down market. A Division of NBCUniversal. The stock has gone from trading just a couple thousand shares a day to more than 700,000 at its peak. Deaths may begin climbing, too, a leading expert says, This Grocery Store Has the Best Customer Service. Beide Unternehmen profitieren davon, dass die Menschen weltweit zu Hause bleiben. Leo Sun owns shares of Cisco Systems and Tencent Holdings. Before the halt, Zoom Technologies had a market value of $31.3 million, compared with about $40 billion for Zoom Video, data compiled by Bloomberg show. On a non-GAAP basis, its net profit surged more than six times to $101.3 million. Its stock is up more than 50% this month and nearly 900% this year. The lesson, of course, is know what you're buying. As 5G technology begins rolling out in 2020, here's an ETF to add exposure to this fast-growing theme. Microsoft Teams vs Zoom : les principales différences entre les deux applications de chat vidéo . The new fund will make dividend payments to shareholders every Friday. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. The worst of the plunge in oil prices might be over. At current levels, Zoom is trading like a cult stock. The Securities and Exchange Commission suspended trading of Zoom Technologies, partly because investors are confusing it with Zoom Video, which has seen a surge share price due to COVID-19. Slack still needs to narrow its losses while fending off competition from Microsoft and other well-funded competitors, and Zoom must resolve its snowballing security issues before they permanently tarnish its reputation.
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