Will Zoom Stock Keep Falling in ? | The Motley Fool.Is Zoom Video (NASDAQ: ZM) Starting To Bottom Out?
The U.S. Securities and Exchange Commission on Thursday halted trading in the shares of Zoom Technologies (ticker symbol: ZOOM), citing “. Non-GAAP net income for the first quarter was $ million, after adjusting for stock-based compensation expense and related payroll.
ZM – Zoom Video Communications Inc Stock Price Quote – NASDAQ | Morningstar – Zoom Stock Falls On Growth Concerns
Don’t get us wrong, Zoom is still doing great. Q3 results come out and it’s all rosy – total revenue are up % year-on-year to $m, while GAAP income from. Zoom Video Communications, Inc. is offering shares of our Class A common stock, and the selling stockholders are offering shares of Class A common stock. Customers with more than $, in trailing annual revenues remain a bright spot and were up 46% year over year to 2,, with several large deals of more.
Why did zoom stock go down – none:.Zoom’s Business Is Slowing Down, But Its Stock Price Is Still Exorbitant
The Street is unclear on how to value Zoom as its growth slows with people returning to offices and schools, despite the lingering pandemic. So the only course of action right now it seems — sell Zoom’s stock ZM and wait for more stable waters. Radke called the earnings report disappointing.
The steep sell-off pushed shares of Zoom into the red for the past year, down about 2. Added Steckelberg on the growth slowdown, “When we look out through what we have seen is a slowdown in the online segment of the business, which again, even though the pandemic seems to be far from over, we are happy that people are feeling more comfortable out traveling. And that’s really where we’re seeing the slowdown. And if you back all the way up to when we gave guidance at the beginning of the year, we had expected that towards the end of the year, but it’s just happened a little bit more quickly than we expected.
And we, of course, feel good that people are out moving around the world. But It’s certainly creating some headwinds, as we’ve said, in the online segment of our business. Analysts are taking a mostly guarded view on Zoom in the near-term, even though many acknowledge the company will benefit from the long-term shift to hybrid work. Brian Sozzi is an editor-at-large and anchor at Yahoo Finance.
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If oil keeps rising, it would be great news for energy stocks—and oil exploration stocks in particular. From buying groceries to gasoline to automobiles, inflation has hammered Americans’ purchasing power. In fact, the most well-known metric of inflation has soared to a four-decade high. Dow 30 32, Nasdaq 12, Russell 1, Crude Oil Gold 1, Silver CMC Crypto FTSE 7, Nikkei 27, Read full article. More content below. In this article:. Story continues. Read more. Recommended Stories.
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