![]() It has collapsed by over 83% from its highest point in 2021. The Zoom Video stock price has underperformed in the past few months as investors worry about the company’s growth. Its profit rose to over $1.35 billion in 2021. Most importantly, it became an extremely profitable company as its annual profit surged from $7.6 million in 2019 to over $25 million in 2020. Sign-up for the Invezz newsletter, today.Īs a result, Zoom Video saw its annual revenue jump from about $622 million in 2019 to over $2.65 billion in 2020 and $4 billion in 2021. It also became popular in industries like healthcare and education.Īre you looking for fast-news, hot-tips and market analysis? ![]() The firm became extremely popular during the Covid-19 pandemic as companies shifted to working from home. Zoom Video is a leading technology company that provides video solutions to companies in all industries. This price is about 25% above the lowest level this year, giving it a market cap of over $29 billion. The stock dropped to a low about $100, which was lower than July’s high of $123.90. Zoom Video ( NASDAQ: ZM) stock price has recoiled recently as the recovery of American shares pause.
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