Zoom Video Communications (ZM) continues to go up 13% despite privacy concerns. Metrics show that this may be a bullish play.
Zoom, the video communications giant has surged 13% today in anticipation of a potential earnings beat. Investors, analysts and Wall Street insiders predict that the earnings per share of $0.09 according to analysts expectations.
Zoom Video Communications has generated $0.09 earnings per share over the last year and currently has a price-to-earnings ratio of 2,540.3. Zoom Video Communications has confirmed that its next quarterly earnings report will be published on Tuesday, June 2nd, 2020.
Looking at the June 5 options expiration, call activity is heaviest at the 200 strike. Put activity sees more concentration at the 165 and 170 strikes. The implied volatility sits at the 69th percentile as of Monday morning.
