– Zoom Stock Falls as Revenue Growth Continues to Slow | Barron’s
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Learn More. There wasn’t any major news about Zoom before its Feb. Last month’s drop was due entirely to negative market sentiment, especially among high-priced market darlings. Zoom had two financial press releases last month, and neither was particularly important for the stock’s valuation.
The company announced the resolution of a legal dispute with RingCentral , then it announced a new product update for contact centers. That news was overall slightly positive. There was no reason to think that Zoom’s financial fundamentals had changed meaningfully during the month. It became cheaper relative to sales and expected earnings.
These dynamics become even more clear when Zoom’s price chart is compared to peers RingCentral and Atlassian. All three stocks were clearly influenced by the same market sentiment.
Zoom’s Feb. After that, the stock continued to slump as the Ukrainian conflict weighed on markets. Investors are concerned about slowing growth, which is bad news at a time when investors are moving away from riskier assets.
The company has retained and built upon its COVID bump, but it’s settling into a phase that could never justify its previous valuation. The pricing is much more reasonable now at an 8. Cost basis and return based on previous market day close.
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Why did zoom stock drop today – none:. Why Zoom Stock Was Zooming on Wednesday
The COVID pandemic turbocharged the demand for videoconferencing tools and collaboration applications inallowing Zoom to swoop in and transform itself from a relatively niche provider of business software to a household name. Our Most Popular Articles.
Why did zoom stock drop today – none:.Why Zoom Stock Is Down By 16% Today
Today’s Change. Current Price. A famous investor loads up on the shares. Image source: Getty Images. Zoom Video Communications. Motley Fool Returns Market-beating stocks from our award-winning service. Stock Advisor Returns. Past performance is not indicative of future results. You should be aware of the real risk of loss in following any strategy or investment commentary presented in this analysis.
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Mott Capital Management Marketplace. Bloomberg The price for Zoom has undoubtedly been one step ahead of the analysts on this one, falling well in advance of the earnings and EBITDA estimates, which have only started to get slashed since February.
Zoom’s Technicals Show Life Zoom’s stock looks like it’s trying to put in a bottom from a technical standpoint. Trading View Tremendous Risk There’s a tremendous amount of risk in this, of course, because if Zoom misses numbers or gives poor guidance, the stock is likely to get crushed. This article was written by. Mott Capital Management. Author of Reading The Markets.
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Dow Futures 32, Nasdaq Futures 12, Russell Futures 1, Crude Oil Gold 1, Silver Vix Castanon thinks that the momentum Zoom experienced during the pandemic lit a fire under its larger, deeper-pocketed competitors — including Microsoft Corp.
The market is now crowded with very well-established alternatives, and Zoom is feeling the impact. Zoom reported about , customers with more than 10 employees at the end of the quarter ended Oct.
By comparison, the October quarter saw Moving beyond videoconferencing. Although Zoom’s claim to fame was its videoconferencing platform, the company is looking to expand its presence into other businesses as it seeks to reaccelerate growth. One increasingly lucrative business segment that Zoom is eyeing is contact center software, which uses artificial intelligence to help companies interact with customers.
Zoom now plans to launch its own solution in the space — Zoom Video Engagement Center — in early