What is Zoom Video Communications Inc.?
Zoom was founded in 2011 by Eric Yuan, a former Cisco and Webex engineer. Originally called Saasbee the company changed its name in 2012 and is headquartered in San Jose, California.
Zoom provides a video-first communications platform to users around the world. The company’s product portfolio includes Zoom Meeting which offers HD video, voice, chat, and content sharing through mobile and desktop devices as well as phone, chat, and virtual conference room functionalities. The company serves education, entertainment/media, enterprise, government as well as essentially all other business sectors.
The stated mission of the company is to make communication frictionless and this business strategy has resulted in a significant uptake in monthly users since its founding. The popularity of the program surged during the many stay at home orders issued as a result of the coronavirus pandemic of 2020 and has quickly become a household name.
Past Performance of ZM Stock Price
Zoom stock trading began on April 18, 2019. The IPO price was set at $32.00 and the first day price surge would set the stage for the meteoric rise to come for the Zoom shares price. The fact that the company had already achieved profitability prior to its public offering is a rarity in the tech world and was an indication of the success to come. Traders looking to invest in Zoom stock competed to get a piece of the company and the price rose over 80 per cent on the first day before closing up 72 per cent at $62.00. The price has not dipped below this first day closing price since. Since its founding, Zoom has continued to double revenues year over year and increased from $60 million in 2017 to over $330 million in fiscal 2019. In the first quarter of 2020 the company was valued at over $35 billion USD and is significantly outpacing almost all other tech companies in growth metrics.
This tremendous growth has been possible due to an ingenious low friction acquisition strategy which allows for users to trial the platform for free without an associated email, bulky downloads, or lengthy user account profile. Users are also able to easily add friends or colleagues and this has led to the program going viral within organisations and social groups, especially during the pandemic lockdowns in 2020. Over 55 per cent of the company’s customer accounts valued at over $100,000 were initiated by a single employee within the customer organisation starting a free trial. This has allowed Zoom to acquire an estimated 12.9 million monthly users in a short time period and outpace its competitors in usage and become a market leader while remaining profitable.
How to Invest in ZM Stock?
ZM trading occurs on the NASDAQ stock exchange. Zoom is also a component of the NASDAQ-11 (NDX-100) which is made up of 103 equities representing the top 100 largest companies listed on the exchange. Traditionally, those looking to invest in Zoom stock would purchase shares or an index which includes ZM. Traders are also able to purchase derivatives based on ZM stock such as CFD’s or options.
Traders using the Currency.com tokenised trading platform are able to profit from upward or downward movements in the Zoom shares price without having to invest directly. Tokens are crypto derivatives whose value is linked to the value of a particular asset, in this case the ZM price today. The token is registered using distributed ledger technology (DLT) the same way cryptocurrency is recorded. This technology allows for trading using crypto without the need of converting back and forth with fiat currency, saving exchange fees. The utilisation of this technology allows for trading to be efficient, inexpensive, and secure.
When trading tokenised stocks you can take a long or short position depending on whether you feel the price today is over or under-valued based on the price chart. If you think the price will decrease you can short the tokenised stock and if you think it will increase you can take a long position. Trading on Currency.com also allows for traders to benefit from the leverage offered on the platform, up to 1:100.
Tokenised Zoom Stock Trading Guide
Trading tokenised Zoom shares is no more difficult than regular stock. To begin trading, you will follow need to follow some simple steps:
- Step 1: Register for an account with Currency.com
- Step 2: Deposit funds (with crypto or fiat) in the account.
- Step 3: Determine the position size desired, accounting for leverage offered by Currency.com
- Step 4: Determine your trading position (long or short) based on expected share price movement and purchase tokenised Zoom shares derivatives
- Step 5: Currency.com matches the long orders from its clients with the sell orders and then hedges the unmatched orders through Capital.com, LMAX Digital or exchanges such as Binance, Bitstamp, Kraken, NASDAQ, NYSE and Gain Capital.
- Step 6: Close your position when applicable. You can set a take profit or stop loss indicator to ensure you are not required to constantly monitor the price. Funds will deposit back to your account after closing and you can withdraw or take a new position.
Why Trade Tokenised Zoom Shares with Currency.com
Zoom stock trading at Currency.com exchange has a number of advantages. Tokens are underpinned by robust and immutable blockchain technology. Opening a trade will give you a token that tracks and moves according to the underlying instrument's price.
- One-stop crypto trading platform
Trade tokenised Zoom shares with Bitcoin or Ethereum. Benefit from the stock's price movements without turning your crypto assets into fiat.
Trade tokenised shares with a tight market spread, benefit from maker rebates and competitive taker fees.
Experienced traders can trade the world's top markets, like ZM, with up to 1:100 leverage.
- Effective risk management
Manage your risks and secure your profits with stop loss and take profit orders. Save your assets with negative balance protection.
We have a scalable and low latency order management system, which can execute 50 million trades per second.
Currency.com operates under new Belarusian regulation with best-in-class AML and KYC laws. Regulatory details and fees are upfront.