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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Zoom Video Communications Inc | NASDAQ:ZM | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.80 | -1.30% | 60.85 | 60.85 | 60.86 | 61.13 | 60.3203 | 60.40 | 980,762 | 17:17:23 |
From Apr 2021 to Apr 2024
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
July 19, 2021 06:25 ET (10:25 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
1 Year Zoom Video Communications Chart |
1 Month Zoom Video Communications Chart |
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