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OFFON

ZOOM VIDEO COMMUNICATIONS, INC.

(ZM)
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Zoom Shares Stumble, Five9's Rise Following Deal

07/19/2021 | 06:26am EDT

By Robb M. Stewart

Zoom Video Communications Inc. shares fell early Monday and Five9 Inc.'s rose after the videoconferencing service announced a $14.7 billion all-stock deal to buy the provider of cloud-based customer-service software.

In premarket trading, Zoom was down 2.2% after ending Friday at $361.97, while Five9 was up 8.4% after last closing at $177.60. Zoom's shares have risen 7.3% since the end of last year, while Five9's have picked up 1.8%.

Under the agreement, Five9 stockholders will receive 0.5533 shares of class A common stock of Zoom for each share of Five9.

San Francisco-based Zoom said the acquisition would help it tap into a $24 billion contact-center market and support its Zoom Phone business, which replaces office telephone systems with a cloud-based service.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

07-19-21 0625ET

Stocks mentioned in the article
ChangeLast1st jan.
FIVE9, INC. 4.08% 175.06 Delayed Quote.0.38%
ZOOM VIDEO COMMUNICATIONS, INC. 3.40% 287.68 Delayed Quote.-14.72%
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Analyst Recommendations on ZOOM VIDEO COMMUNICATIONS, INC.
More recommendations
Financials (USD)
Sales 2022 4 018 M - -
Net income 2022 975 M - -
Net cash 2022 3 991 M - -
P/E ratio 2022 89,1x
Yield 2022 -
Capitalization 85 478 M 85 478 M -
EV / Sales 2022 20,3x
EV / Sales 2023 16,9x
Nbr of Employees 5 725
Free-Float 69,6%
Chart ZOOM VIDEO COMMUNICATIONS, INC.
Duration : Period :
Zoom Video Communications, Inc. Technical Analysis Chart | ZM | US98980L1017 | MarketScreener
Technical analysis trends ZOOM VIDEO COMMUNICATIONS, INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Last Close Price 287,68 $
Average target price 372,16 $
Spread / Average Target 29,4%
EPS Revisions
Managers and Directors
Eric S. Yuan Chairman, President & Chief Executive Officer
Kelly S. Steckelberg Chief Financial Officer
Harry D. Moseley Global Chief Information Officer
Brendan Ittelson Chief Technology Officer
Aparna Bawa COO, Chief Legal Officer & Secretary
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