How much further could zoom stock fall?
Zoom's current valuation is enticing for potential investors. Looking back at the last two years, there may be no stock more representative ... That's a painful fall from grace for shareholders.
Will zoom beat earnings?
Zoom Video (ZM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. The market expects Zoom Video Communications (ZM) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended October 2021.
Will zoom stock recover?
Zoom stocks had the worst day in history. The trading day on Monday turned out to be extremely unfortunate for the shares of Zoom, a communications technology company, which provides video telephony and online chat services. The company's shares plummeted more than 17% in the first minutes of trading and were never able to recover.
Why is zoom falling?
Zoom was one of several pandemic winners to fall sharply last month, including Peloton, Netflix, and Shopify, as well as SaaS and e-commerce stocks more broadly. Investors seem to be betting on the normalization of the economy after the omicron wave ...
Why are Zoom shares dropping?
Zoom stock (ticker: ZM), which fell 7.4% on Tuesday, was down another 3.7% on Wednesday, to $118.23. 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.
Is Zoom good to buy now?
Strong growth continues Zoom's recent earnings release was for Q3 of the fiscal year 2023, ending April 30, 2022. Revenue for the quarter was $1.1 billion, up 12% year over year. While that growth may not appear impressive at first glance, it's important to remember that it was on top of 191% growth in Q3 of 2022.
What is the prediction for Zoom stock?
Stock Price Forecast The 25 analysts offering 12-month price forecasts for Zoom Video Communications Inc have a median target of 121.00, with a high estimate of 401.00 and a low estimate of 90.00. The median estimate represents a +10.61% increase from the last price of 109.39.
Is Zoom stock a good long term investment?
Bottom line is good. It's doing great in terms of cash and revenue is at 55 percent year-over-year for the full-year 2022.
Will Zoom stocks go up?
The company reported revenue of $1.07 billion, up 21% year-over-year, according to Barron's. Wall Street analysts had predicted slightly slower growth, suggesting a revenue of $1.054 billion. And, in even more good news, Zoom posted revenue growth of 55% in the 2021 fiscal year, with total earnings of $4.1 billion.
Is Zoom undervalued?
Relative to the current share price of US$92.3, the company appears quite undervalued at a 33% discount to where the stock price trades currently.
Will Zoom stock go up tomorrow?
Tomorrow's movement Prediction of Zoom Video Communications Cl A ZM as on 03 Jun 2022 appears undecisive. It can be Bearish or Bullish. You should wait for the first half to take a decision on this stock....Munafa value: 31 as on 03 Fri Jun 2022.Downside target104.07Upside target115.2Upside target118.177 more rows
Is Zoom a buy Zacks?
See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy25.08%2Buy18.56%3Hold10.15%4Sell5.79%2 more rows
Is Zoom a stable company?
Despite rapid growth and working remotely, Zoom has been able to maintain a unique company culture that employees still appreciate. The company made Glassdoor's "Best Places to Work in 2021" list (it also made the list in 2018 and 2019) and has a culture of 4.9/5 on Comparably.
Is Zoom a takeover target?
Spelling out his neutral hypothesis on the stock is Ryan Koontz of Needham & Co., who explained that Zoom's revenue growth has been slowing, following its huge enterprise takeover during the earlier stages of the pandemic.
Is Zoom a profitable company?
Zoom is now projecting revenue of $1.07 billion to $1.075 billion, with non-GAAP profits of 86 to 88 cents a share, well below previous Wall Street estimates. Previous Wall Street consensus had called for revenue of $1.095 billion, with profits of $1.03 a share. Shares were down 1% in after hours trading Monday.
NASDAQ: ZM
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Here's how these Fools think about a post-earnings dip
Zoom Video Communications ( ZM -1.87% ) tumbled after its recent earnings report, and the stock now trades at a steep discount to its previous heights, despite solid growth and monster profits.
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Topline
Despite surpassing earnings expectations in its second-quarter report, shares of Zoom Video Communications plummeted Tuesday morning as analysts zeroed in on the company's diminishing growth prospects as in-person activity starts picking back up—making the former pandemic stock darling the latest casualty in a market now favoring the post-Covid environment..
Key Facts
Zoom shares fell more than 15% in pre-market trading Tuesday, tanking the company's market capitalization to about $86 billion and wiping out more than $15 billion in market value.
Key Background
With shares down about 48% from their October record high, Zoom is only the latest pandemic stock darling now facing a stark reversal of fortunes. Last week, Peloton stock sank nearly 13% after the company similarly failed to impress investors with its second-quarter earnings report.
Tangent
The broader technology sector has also struggled to keep up with its explosive growth from last year. Though it skyrocketed 43% in 2020, the tech-heavy Nasdaq is up just 20% this year, while the S&P 500 has climbed 22%.
Chief Critic
"A lot of the big pandemic beneficiary companies posted underwhelming second-quarter earnings reports, but Zoom was one of the best," Crisafulli says. "It clearly isn’t blowing away Wall Street like it did during the course of the pandemic, and that may be considered a knee-jerk negative, but its business is actually proving to be resilient."
