SimpleFX is pleased to announce that Zoom Video Communications Inc. is available on the trading platform. You can now trade ZM.US on SimpleFX. Zoom stock is a thriving asset compared with other struggling markets during the pandemic. Why is it a good addition to your trading portfolio?
Zoom is an Internet-based video communications app launched in 2013. It enables users to connect virtually via video conferences, online meetings, audio conferences, webinars, and live chats, including screen-sharing and other collaborative features. Due to the need to resume personal and professional activities amid the COVID-19 scare, people flocked to use the Zoom app.
Zoom has skyrocketed to 255% this year and is worth $67 billion as of writing. It is currently trading at $242 from its $68 price on January 2.Zoom is expected to grow rapidly this year. Stock analysts anticipate a fiscal revenue of $223.3 million in the second quarter. The company has an even extreme bullish perception and expects $495 million to $500 million Q2 fiscal revenue.
In March, Zoom experienced a surge of users as quarantines and lockdowns were implemented worldwide due to the coronavirus. It served 300 million daily meeting participants in April, a 100-million increase compared to the previous month. This is a huge leap from only 10 million users in December 2019.
Zoom helps learners continue their education remotely by serving over 90,000 schools across 20 countries. It is a great platform for businesses, government offices, and religious groups to resume activities virtually. The communication app stayed on the top 10 most downloaded apps in Q1 2020.
To trade on Zoom, just enter “Zoom” in the search bar or find “ZM.US” under “Equities US” from the list of instruments on the left.
With the addition of ZM.US on SimpleFX, we shall welcome ZM.US traders with a draw! Trade ZM.US on June 22-30 and be one of 10 winners to get 50 USDT each. A total of 500 Tether (USDT) will be given out and credited to the winners’ SimpleFX account. We will announce the 10 winners on July 1.
Plan your trades well. Stay tuned!
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