Bulletin
Investor Alert

New York Markets Open in:

Market Pulse Archives

Feb. 24, 2020, 10:09 a.m. EST

Zoom Video stock surges as coronavirus fears deepen

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Zoom Video Communications Inc. (ZM)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Emily Bary

Shares of Zoom Video Communications Inc. /zigman2/quotes/211319643/composite ZM +2.36% are up more than 6% in Monday trading amid concerns about the global spread of the novel coronavirus that originated in Wuhan, China late last year. Italy and South Korea are among the countries that have witnessed spikes in new cases over the past few days. Zoom Video makes software that allows employees to conduct video-conference meetings and otherwise engage in remote work, and the stock has surged at times during the coronavirus outbreak on the expectation that more countries and companies would urge employees to work from home, thus creating new demand for remote-work tools. Zoom is due to report fourth-quarter earnings on Wednesday, March 4 and management will likely discuss whether the business has seen a bump from coronavirus concerns. Zoom shares have added 49% over the past month, as the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.05% has dropped 1.3%.

/zigman2/quotes/211319643/composite
US : U.S.: Nasdaq
$ 275.87
+6.35 +2.36%
Volume: 6.35M
July 10, 2020 4:00p
P/E Ratio
1,603
Dividend Yield
N/A
Market Cap
$77.82 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,185.04
+32.99 +1.05%
Volume: 2.41B
July 10, 2020 5:09p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.