![]() ![]() In April, shares of the company popped when it said that its user base had reached 300 million. Zoom stock has exploded this year on expectations that the pandemic would drive paid subscriber growth for the video-conferencing service as the US went into a sweeping lockdown to curb the spread of COVID-19. Analysts see earnings per share of 10 cents, more than triple the previous quarter, and revenue surging 66% to $203 million. Wall Street analysts are expecting a hefty beat from the company, whose video conferencing has become a preferred method of communication amid the coronavirus pandemic. By Jan 2020, it is estimated to generate almost 930 million in revenue. Zoom is valued at as much as nearly 65x price-to-sales. It is the company's first earnings release that will show the impact of the coronavirus pandemic on the bottom line. At the current price, Zooms market capitalization is 44.3 billion. Zoom is scheduled to report first-quarter fiscal 2021 earnings on Tuesday, June 2 at 5:30 p.m. Shares of Zoom Video Communications surged as much as 15% Monday, reaching an all-time high of $205.87 in intraday trading as investors await the company's first-quarter earnings report.
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