After 3 days of the steep rise, stocks fell in indexes like Dow 30, S&P 500, Nasdaq, FTSE 100 and Russel 2000. However, some stocks keep rising and one of them is Zoom Video Communications, Inc. During the COVID-19 lockdown, most of the organizations need to communicate via video conferencing. Skype, Whatsapp, Instagram, FB Messenger are good tools to keep social distancing. But, Zoom.us has the most fascinating Enterprise Plus plan that can include 1000 participants in one video conference. One may even imagine a large corporation having a meeting to keep its business run during the outbreak.
2020 Brings a Steep Rise in Share Price
From January 1 the stock’s price has soared from $76.30 to $141.15 (03/26/2020). The net income as of January 1, 2020, $25,305,000 is three times bigger than the last year’s. Average volume 7,935,616 is obviously smaller than the total of 12,653,570. Bullish minded investors should consider this stock to be included in their watchlist.