Zoom Video Communication Inc. is advancing despite the company's agreement to pay $85 million as it was accused to violate the users' privacy rights.
Zoom Video Communications Inc (ZM) shares are up 0.44% as of Aug 02, 2021, 11:34 AM ET, while S&P is up 0.43%. ZM shares have raised in 2021 by almost 5.03% while S&P 500 has raised by almost 18.77%. ZM revealed a yearly performance of 51.24% and moved -2.31%, and 5.25% since last month and last week, respectively.
The total revenue of the company in the last quarter, FY2022Q1, was $956.24 M, which experienced 8.36% of quarterly growth. It also experienced 191.39% growth compared with the same period last year. The total revenue of the company was $FY2021Q4 and $328.17 M in 882.49 M and FY2021Q1 respectively. Zoom Video Communications Inc's TTM total revenue was $3.28 B in FY2022Q1.
As of today, Aug 02, 2021, 11 AM, Zoom Video Communications Inc has passed 4 months of 2021 with a positive price return and 3 months with a negative price return. In terms of price return, Mar has been the worst month for Zoom Video Communications Inc as it was -17.27%. Also, Jun has been the best month for Zoom Video Communications Inc so far as its price return in the 7 months of the year has been 19.0%.
About Zoom Video Communications Inc
Zoom Video Communications, Inc. provides a video-first communications platform that delivers changes in how people interact primarily in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It connects people through frictionless video, voice, chat, and content sharing. The company's cloud-native platform enables face-to-face video experiences and connects users across various devices and locations in a single meeting. It serves education, entertainment/media, enterprise infrastructure, finance, healthcare, manufacturing, non-profit/not-for-profit and social impact, retail/consumer products, and software/Internet industries, as well as individuals. The company was formerly known as Zoom Communications, Inc. and changed its name to Zoom Video Communications, Inc. in May 2012. Zoom Video Communications, Inc. was founded in 2011 and is headquartered in San Jose, California.