Sign up for free newsletters and get more CNBC delivered to your inbox. "We recognize that we have fallen short of the community's — and our own — privacy and security expectations," Yuan said. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell My Info | Ad Choices  ... News. All rights reserved. That made for the third analyst call on the stock, according to Bloomberg data; two firms have buy ratings. Zoom Video Communications shares rallied on Monday, with the newly public company extending its massive first-day rally despite receiving its first bearish call from an analyst. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. What happens if Trump or Biden dies before the election? "For that, I am deeply sorry, and I want to share what we are doing about it.". Medley Management Stock: Why MDLY Stock Is Rocketing 161% Today. The firm forecast a “rapid deceleration in sales growth,” and wrote that it could defy gravity “for only so long.” It described the company’s first-day trading activity -- when shares ended up more than 70 percent -- as the stock being bid up “in a frenzy.”. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: Offers may be subject to change without notice. Yuan founded Zoom in 2011, and it began trading on the Nasdaq on April 18, 2019, at $36 a share. On Thursday, it was trading below $127. 0.15-0.05-24.50%. Zoom CEO Eric Yuan said the company saw a huge spike in users, up to 200 million people per day in March, from about 10 million in December. Powered and implemented by Interactive Data Managed Solutions. Shares of Zoom were down as much as 16% on Thursday morning. Got a confidential news tip? Covid Cases Extend ‘Troubling’ Surge, Signaling More Deaths, Ailments in Covid-19 Trials Raise Questions About Vaccine Method, Billionaire Robert Smith Admits Evading Taxes for Years, Australia-New Zealand Travel Bubble Hits a Snag, Boeing Max Judged Safe to Fly by Europe’s Aviation Regulator. He also apologized for some of the security lapses that have been reported this week and outlined what the company is doing to fix those problems. ET to discuss the company's progress. Data is a real-time snapshot *Data is delayed at least 15 minutes. Eric Yuan, CEO, Zoom Video Communications, Zoom CEO on increased work-from-home demand, apologized on Thursday for security lapses, exposes Windows login credentials to hackers. Zoom closed at $121.93 per share, down 11% on the day. © 2020 Fortune Media IP Limited. Zoom has “a great video product and the rarity of being profitable and [cash flow] positive as an IPO company, [but] we cover cloud communication peers who also have great products and financials,” Summit wrote. The U.S. presidential race is a near dead heat, this A.I. Shares of Zoom were down as much as 16% on Thursday morning. He said it wasn't designed "with the foresight that, in a matter of weeks, every person in the world would suddenly be working, studying and socializing from home.". All Rights Reserved. Zoom Video Communications, Inc. Class A Common Stock (ZM) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Zoom closed at $121.93 per share, down 11% on the day. Before it's here, it's on the Bloomberg Terminal. “Market trends, hyper competition, and a limited moat make for exceptional and more challenges ahead than strengths,” analyst Jonathan Kees wrote to clients.