The stock price of Zoom Video Communications Inc (NASDAQ: ZM) dropped 17.37%. A trigger for the selloff was an announcement that a vaccine candidate is 90% effective at preventing COVID-19. Zoom’s stock price had surged during the COVID-19 pandemic as more people were working from home and participating in classes through their computers.
Is Zoom a good stock to buy?
Mar 09, 2022 · There was no reason to think that Zoom's financial fundamentals had changed meaningfully during the month. Zoom's 14% decline was driven by a falling valuation. It became cheaper relative to sales...
How much further could zoom stock fall?
Aug 30, 2021 · Zoom Video Communications saw its stock drop nearly 11% after the end of regular trading on Monday. The video platform has continued to grow, but not at the pace that overly optimistic ...
Is now the time to sell your zoom stock?
Mar 08, 2022 · Zoom's Feb. 28 earnings report was poorly received by the market, sending the stock lower to start off March. After that, the stock continued to slump as the Ukrainian conflict weighed on markets.
Why does zoom keep going down?
Nov 05, 2021 · Why Zoom Shares Are Falling. Zoom Video Communications Inc (NASDAQ: ZM) shares are trading lower in possible reaction to positive data from Pfizer for its COVID-19 oral antiviral treatment ...
WHY IS zoom stock dropping?
The stock is down nearly 80% since its October 2020 peak, due to a combination of slowing growth and reduced valuation multiples for technology stocks.Mar 2, 2022
Is Zoom stock a good buy?
Revenue and earnings growth remain strong -- analysts are forecasting revenue and earnings per share to grow by 54% and 46% year over year up to $4.1 billion and $4.87 per share in fiscal year 2022, respectively. Zoom has almost no debt, boasting a debt-to-equity ratio of 2% and a strong cash position of $1.3 billion.Mar 3, 2022
Will Zoom stock bounce back?
Based on Wall Street's forward-year consensus, Zoom is valued at a multiple of 11 times sales and roughly 40 times earnings per share. That's considerably more attractive than where it was two years ago, and all the more reason to believe Zoom bounces back in 2022.Jan 19, 2022
What is the future of Zoom stock?
Zoom's non-GAAP operating margin expanded from 14.2% in fiscal 2020 to 37.1% in fiscal 2021, then rose again to 40.4% in fiscal 2022. But in fiscal 2023, Zoom expects its non-GAAP operating margin to drop to about 32%. Analysts also expect its operating margin to stay nearly flat in 2024.Mar 7, 2022
Even with more records for market benchmarks, not every stock participated in the rally
Dan Caplinger has been a contract writer for the Motley Fool since 2006. As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on Fool.com.
Zooming lower again
Zoom Video Communications saw its stock drop nearly 11% after the end of regular trading on Monday. The video platform has continued to grow, but not at the pace that overly optimistic shareholders had anticipated this time last year.
Falling like a stone, slowly
Shares of StoneCo were down less sharply, falling about 3% in after-hours trading after a 4% decline in the regular session. The Brazilian fintech company's second-quarter financial results similarly failed to impress investors despite a solid showing.
Investors aren't happy with the company's slowing customer growth
Chris has covered Tech and Telecom companies for The Motley Fool since 2012. Follow him on Twitter for the latest tech stock coverage. Follow @tmfnewsie
What happened
Shares of Zoom Video Communications ( NASDAQ:ZM) were tumbling this morning after the company reported its second-quarter fiscal 2022 results late yesterday. While the popular video calling platform beat analysts' consensus revenue and earnings estimates, investors appear disappointed that customer growth is slowing.
So what
Zoom reported revenue of $1.02 billion, up 54% from the year-ago quarter and beating analysts' consensus estimate of $991 million. Additionally, Zoom's adjusted earnings per share of $1.36 outpaced Wall Street's consensus estimate of $1.16 per share.
Now what
Zoom's stock was a major pandemic play last year when schools went virtual, businesses weren't conducting in-person meetings, and people were spending nearly all of their time at home.
In light of the coronavirus, many investors probably wanted an even brighter outlook
Zoom Video Communications ( NASDAQ:ZM) turned in strong fourth-quarter and full-year fiscal 2020 results after the market closed on Wednesday.
5. The outlook for Q1 and full-year fiscal 2021 was better than expected
For the first quarter of fiscal 2021, Zoom guided for revenue between $199 million and $201 million, which, at the midpoint, represents 6.2% sequential growth. It expects adjusted EPS to be approximately $0.10. Going into the earnings report, Wall Street had been modeling for Q1 adjusted EPS of $0.06 on revenue of $185.7 million.
The bottom line
Zoom Video Communications topped a fantastic year with a terrific quarter. The company is simply firing on all cylinders.
Investors weren't happy with the share price of the company's secondary offering
Chris has covered Tech and Telecom companies for The Motley Fool since 2012. Follow him on Twitter for the latest tech stock coverage. Follow @tmfnewsie
What happened
Shares of ZoomInfo Technologies ( NASDAQ:ZI), a cloud-based market-intelligence platform, fell today after the company announced the pricing of its secondary offering.
So what
ZoomInfo said in a press release yesterday that the company's secondary offering will open up 12.5 million shares of Class A common stock at $45 per share. Additionally, the selling stockholders have the option to sell an additional 1.875 million shares.
Now what
ZoomInfo investors don't appear to be happy with the company's secondary offering and have driven the company's share price down 16% since the initial announcement of the offering on Nov. 30.#N#ZoomInfo went public back in June and since then, its stock has been on a wild ride.
Is Zoom Video Communications a buy right now?
26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Zoom Video Communications in the last twelve months. There are currently 2 sell ratings, 12 hold ratings and 12 buy ratings for the stock.
What stocks does MarketBeat like better than Zoom Video Communications?
Wall Street analysts have given Zoom Video Communications a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Zoom Video Communications wasn't one of them.
Are investors shorting Zoom Video Communications?
Zoom Video Communications saw a increase in short interest in July. As of July 30th, there was short interest totaling 10,480,000 shares, an increase of 24.5% from the July 15th total of 8,420,000 shares. Based on an average daily trading volume, of 3,220,000 shares, the days-to-cover ratio is currently 3.3 days.
When is Zoom Video Communications' next earnings date?
Zoom Video Communications is scheduled to release its next quarterly earnings announcement on Monday, August 30th 2021.#N#View our earnings forecast for Zoom Video Communications.
How can I listen to Zoom Video Communications' earnings call?
Zoom Video Communications will be holding an earnings conference call on Monday, August 30th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.
How were Zoom Video Communications' earnings last quarter?
Zoom Video Communications, Inc. (NASDAQ:ZM) issued its quarterly earnings results on Monday, May, 31st. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.33. The company earned $956.24 million during the quarter, compared to analysts' expectations of $908.17 million.
How has Zoom Video Communications' stock been impacted by COVID-19 (Coronavirus)?
Zoom Video Communications' stock was trading at $110.30 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ZM shares have increased by 209.0% and is now trading at $340.81.#N#View which stocks have been most impacted by COVID-19.
When did Zoom bounce off its moving average?
On a weekly chart, Zoom bounced off its 10-week moving average in early August. The 10-week moving average often provides a new entry after a big run-up and stocks take a breather.
Who owns Zoom Video?
Yuan then became Cisco's corporate vice president of engineering for collaboration software. He formed San Jose, Calif.-based Zoom Video in 2011. Yuan recently transferred roughly 40% of his ownership stake in Zoom Video, 18 million shares worth an estimated $6 billion, as gifts to an unknown entity.
Who is Eric Yuan?
Eric Yuan, Zoom's chief executive and founder, came to the U.S. in 1997. He started out with WebEx Communications and eventually became its vice president of engineering. Cisco acquired WebEx for $3.2 billion in 2007. Yuan then became Cisco's corporate vice president of engineering for collaboration software.
Is Zoom a cloud phone?
The company's privacy policy notes that consumer data is shared for targeted advertising. Zoom Phone, a cloud-calling product rolled out in 2019, lets customers set up group internet phone calls without video. In addition, Zoom Phone competes with products from Cisco, Avaya and RingCentral.
Is Zoom free?
One key to Zoom's success has been a "freemium" business model. Zoom's basic video-calling package is free. Zoom puts limits on the number of participants in a group call and the length of meetings. Often company management learns about Zoom's software after an employee reports a positive experience.