Trade Zoom Video with LHFX
Zoom Video Communications provides video conferencing and collaboration tools used by businesses and consumers globally. Its stock is driven by enterprise customer growth, average contract value, competition from Microsoft Teams and Google Meet, and AI-powered product innovation.
ZM Price Chart
Live ZM Spread
Real-time market pricing
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Spreads are variable and sourced from the live market. Values shown are real-time.
Trading Conditions
Max Leverage
1:20
Commission
$3 per side
Platform
MetaTrader 5 + LHFX Trade
Execution
STP/ECN
Trading Hours
Monday - Friday, 9:30 AM - 4:00 PM ET
About Zoom Video
Zoom Communications, Inc. (formerly Zoom Video Communications) is a US video-conferencing software company founded in 2011 by Eric Yuan, headquartered in San Jose, California, and listed on the Nasdaq under ZM. The company operates a fiscal year ending January 31. FY2024 (ending January 2024) revenue was approximately $4.53 billion, up 3.1% year-over-year, and FY2025 (ending January 2025) revenue was approximately $4.67 billion, up 3.1%. The pandemic-era growth rate of 326% in FY2021 has not returned.
Revenue mix split into Enterprise (62% of FY2025 revenue) and Online (38%, primarily small-business and consumer subscriptions). Enterprise customer count with annual run-rate over $100,000 reached approximately 4,088 at the end of FY2025, up 7% year-over-year. Net revenue retention dropped from 130%+ during the pandemic to roughly 98% at the end of FY2025, reflecting consumer churn and slower enterprise expansion.
The company has aggressively pivoted from pure video conferencing toward a broader collaboration platform. Recent product launches include Zoom Phone (cloud telephony), Zoom Contact Center (CCaaS), Zoom Workplace (the rebranded core suite), and the AI Companion (free generative-AI features bundled into existing licences). The October 2024 rebrand from Zoom Video Communications to Zoom Communications reflects this positioning shift.
At LHFX you trade ZM as a CFD on the Nasdaq listing, not by buying the share. You profit or lose based on ZM share-price movement, and you can go long or short. Settlement is in USD. Zoom has never paid a dividend. The company holds approximately $7.8 billion of cash and marketable securities against essentially zero debt, and is in the middle of a $1.5 billion share-repurchase program announced in 2024.
Maximum leverage on ZM CFDs at LHFX is 1:20. Trading hours are US cash-equity hours, 14:30 to 21:00 UTC Monday to Friday. Commission is $3 per side on raw spreads. CFDs let you take a directional view on ZM with defined margin and the ability to short during the ongoing post-pandemic normalisation.
What moves ZM
- 01Net revenue retention trend. NRR fell from 130%+ during 2020 to 98% in late FY2025. The direction of this metric on each quarterly call sets the multi-quarter share-price trend. A sustained move back toward 105% would be a positive multi-quarter catalyst.
- 02AI Companion attach and monetisation. Zoom bundles AI Companion features into existing paid licences at no extra charge. Any move to monetise AI features as a separate SKU, or commentary on attach rates and customer adoption, drives near-term price action.
- 03Enterprise customer growth. The count of customers with greater than $100,000 ARR is the central enterprise health metric. FY2025 ended at 4,088 such customers, up 7% year-over-year. A re-acceleration would shift the consensus growth narrative.
- 04Online segment churn. The Online segment continues to shrink as consumer and small-business pandemic users churn. Quarterly Online revenue declines of 4 to 8% remain the main negative offset to enterprise growth. Stabilisation in Online would be a positive surprise.
- 05Buyback execution and cash deployment. With $7.8 billion of cash on balance sheet and a $1.5 billion buyback authorisation, capital-allocation choices (acquisitions versus buybacks versus eventual dividend) are recurring questions on earnings calls.
How to trade ZM at LHFX
Open an LHFX account and fund it. Minimum deposit is $10. Card and crypto deposits settle in around 20 minutes; bank wires take 1 to 3 business days.
Open MetaTrader 5 or the LHFX Trade web platform and add ZM to Market Watch. Trading hours are 14:30 to 21:00 UTC Monday to Friday. Spreads are raw with a flat $3 per side commission, so a round-trip costs $6 plus the natural spread.
Size your position to your account, not to the 1:20 cap. ZM is moderately volatile for a large-cap software name. Daily 1 to 3% moves are typical, earnings days produce 6 to 12% moves, and AI-narrative news (peer announcements, OpenAI product launches) can drive 3 to 6% moves. A reasonable starting position is one where an 8% adverse ZM move costs no more than 2 to 3% of your account.
Set a stop loss before entry. ZM gaps on earnings nights (the company reports after the close) and on commentary from peers like Microsoft Teams, Google Meet, and Cisco Webex.
Use limit orders around earnings (typically late February, late May, late August, late November) and avoid holding leveraged ZM through earnings unless the gap is the trade.
Watch for product-launch catalysts. Zoomtopia, Zoom's annual user conference, has historically been a multi-day catalyst window for product-announcement-driven moves.
Worked example. On a $1,000 account at an $80 ZM price, opening 3 shares of ZM CFD requires $12 margin at 1:20 leverage (3 shares x $80 / 20). An 8% adverse move on those 3 shares costs $19, or 1.9% of your account. If you instead opened 12 shares ($48 margin), the same 8% move costs $77, or 7.7% of the account. Run the math on every entry before clicking buy.
Risks specific to ZM
ZM carries two stock-specific risks beyond general equity-market exposure. The first is incumbent-displacement risk in core video conferencing. Microsoft Teams is bundled with Office 365 (Microsoft 365) at no additional cost to enterprises that already license the suite, and Google Meet is similarly bundled into Workspace. Zoom's pure-play model depends on selling video collaboration as a discrete spend line, which is harder when incumbents bundle. A sustained acceleration of enterprise switching to Teams would be a multi-quarter negative.
The second is the multiple-compression risk inherent in slow-growth software. ZM's revenue growth has stabilised in the 3 to 5% range. Software multiples on companies growing 3 to 5% trade in single-digit forward EV/sales, not the 10x+ levels Zoom commanded during peak pandemic. The market has largely re-rated ZM already (forward EV/sales near 3x as of late 2025), but further multiple compression remains possible if growth turns negative.
Mitigations. Keep position size small enough that an 8 to 12% earnings-gap move is survivable. Set a hard stop before entry. Avoid holding leveraged ZM into earnings unless the gap is the trade. Watch Microsoft Teams and Google Workspace enterprise commentary as leading indicators.
Frequently asked questions about ZM
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