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Zoom Video (ZM, $267.56) takeover bid rejected by Five9 shareholders
Zoom Video Communications shares climbed higher Friday, after Five9 shareholders voted to reject its $14.7 billion takeover bid.
The ongoing decrease in Zoom's share price made the all-stock proposed deal less appealing to Five9 shareholders. The deal implied a bid price of $200.28 in early July, but $144.70 when the vote took place last night. Also, Five9 investors were advised to reject the deal by proxy advisor group Institutional Shareholder Services.
“While we were excited about the benefits this transaction would bring to both Zoom and Five9 stakeholders, including the long-term potential for both sets of shareholders, financial discipline is foundational to our strategy,” said Zoom CEO Eric Yuan. “The contact center market remains a strategic priority for Zoom, and we are confident in our ability to capture its growth potential”.
"We also plan to maintain our valued existing contact center partnerships with companies like Five9, Genesys, NICE inContact, Talkdesk, and Twilio," he added.
ZM's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for ZM turned positive on May 20, 2022. Looking at past instances where ZM's MACD turned positive, the stock continued to rise in 23 of 27 cases over the following month. The odds of a continued upward trend are 85%.
Current price $102.34 crossed the resistance line at $337.62 and is trading between $337.62 resistance and $-8.89 resistance lines. Throughout the month of 04/25/22 - 05/25/22, the price experienced a -0.10% Downtrend, while the week of 05/18/22 - 05/25/22 shows a +21% Uptrend.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where ZM's RSI Oscillator exited the oversold zone, 15 of 22 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 68%.
The Momentum Indicator moved above the 0 level on May 24, 2022. You may want to consider a long position or call options on ZM as a result. In 41 of 49 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 84%.
Following a +14.56% 3-day Advance, the price is estimated to grow further. Considering data from situations where ZM advanced for three days, in 141 of 181 cases, the price rose further within the following month. The odds of a continued upward trend are 78%.
The Stochastic Indicator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ZM declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 80%.
ZM broke above its upper Bollinger Band on May 25, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for ZM entered a downward trend on May 23, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 67%. During the last month, the daily ratio of advancing to declining volumes was 1.29 to 1.
The Tickeron Price Growth Rating for this company is 80 (best 1 - 100 worst), indicating slightly worse than average price growth. ZM’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 82 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 85 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (5.147) is normal, around the industry mean (15.683). P/E Ratio (24.752) is within average values for comparable stocks, (151.151). Projected Growth (PEG Ratio) (4.095) is also within normal values, averaging (4.494). Dividend Yield (0.000) settles around the average of (0.027) among similar stocks. P/S Ratio (7.429) is also within normal values, averaging (101.531).
The Tickeron PE Growth Rating for this company is 96 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ZM’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.
Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.
The average market capitalization across the Packaged Software Industry is 6.1B. The market cap for tickers in the group ranges from 580 to 1.9T. MSFT holds the highest valuation in this group at 1.9T. The lowest valued company is NANN at 580.
The average weekly price growth across all stocks in the Packaged Software Industry was -2.01%. For the same Industry, the average monthly price growth was -13.26%, and the average quarterly price growth was -22.38%. GTSWF experienced the highest price growth at 395.87%, while BLVDF experienced the biggest fall at -80.08%.
- 5/20/22 5:28 AM: Zoom Video Communications (ZM, $90.94) was a top weekly gainer, with a +7.03% jump
- 5/4/22 8:26 AM: Zoom Video Communications (ZM, $103.53) was a top weekly gainer, with a +5.26% jump
- 3/25/22 6:10 AM: Zoom Video Communications (ZM, $117.75) was a top weekly gainer, with a +5.8% jump
The average weekly volume growth across all stocks in the Packaged Software Industry was 16.61%. For the same stocks of the Industry, the average monthly volume growth was 39.86% and the average quarterly volume growth was 54.3%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the 15 Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 59%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.04.
8 stocks in the group of tickers confirmed the positive outlook based on the BollingerBands indicator with average odds of 83%.
The average market capitalization across the group is 6.5B. The market cap for tickers in the group ranges from 13.4M to 45.9B. FTNT holds the highest valuation in this group at 45.9B. The lowest valued company is BLIN at 13.4M.
The average weekly price growth across all stocks in the group was 3.55%. For the same group, the average monthly price growth was -13.44%, and the average quarterly price growth was -33.16%. AVID experienced the highest price growth at 15.02%, while IMMR experienced the biggest fall at -4.49%.
- 5/18/22 5:18 AM: Stem (STEM, $7.84) was a top weekly gainer, with a +12.97% jump
- 5/14/22 4:23 AM: Fortinet (FTNT, $281.55) was a top weekly gainer, with a +5.7% jump
- 5/14/22 4:23 AM: Immersion (IMMR, $5.31) was a top weekly gainer, with a +16.96% jump
The average weekly volume growth across all stocks in the group was -7.47%. For the same stocks of the group, the average monthly volume growth was 24.87% and the average quarterly volume growth was 10.51%
- 3/29/22 5:12 AM: The volume for Bridgeline Digital stock increased for one day, resulting in a record-breaking daily growth of 396% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Adobe (NASDAQ:ADBE), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Intuit (NASDAQ:INTU), SERVICENOW (NYSE:NOW), NetEase (NASDAQ:NTES), Activision Blizzard (NASDAQ:ATVI), Palo Alto Networks (NYSE:PANW), VMware (NYSE:VMW).
Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.
The average market capitalization across the Packaged Software Industry is 6.1B. The market cap for tickers in the group ranges from 580 to 2T. MSFT holds the highest valuation in this group at 2T. The lowest valued company is NANN at 580.
The average weekly price growth across all stocks in the Packaged Software Industry was 0.84%. For the same Industry, the average monthly price growth was -12.47%, and the average quarterly price growth was -21.21%. GTSWF experienced the highest price growth at 400%, while BLVDF experienced the biggest fall at -80.08%.
- 5/18/22 5:18 AM: Stem (STEM, $7.84) was a top weekly gainer, with a +12.97% jump
- 5/14/22 4:23 AM: Fortinet (FTNT, $281.55) was a top weekly gainer, with a +5.7% jump
- 5/14/22 4:23 AM: Immersion (IMMR, $5.31) was a top weekly gainer, with a +16.96% jump
The average weekly volume growth across all stocks in the Packaged Software Industry was -1.46%. For the same stocks of the Industry, the average monthly volume growth was 18.47% and the average quarterly volume growth was 88.06%
- 3/29/22 5:12 AM: The volume for Bridgeline Digital stock increased for one day, resulting in a record-breaking daily growth of 396% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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