Zoom’s stock plunges as sales growth slows – CNN

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Nov 23,  · Nov 22 (Reuters) – Zoom Video Communications Inc’s (ZM.O) third-quarter revenue growth rate slowed to 35% as demand for its video-conferencing tools eased from the pandemic-fueled heights last Is Accessible For Free: False. Dec 06,  · What happened. Shares of video conferencing standout Zoom Video Communications (ZM %) didn’t quite zoom this morning. They plunged after the company reported its fiscal Q3 results at Estimated Reading Time: 2 mins. Mar 05,  · Why Zoom shares dropped despite earnings beat. Here’s what investors can expect from the big earnings week ahead. A strategist explains what Amazon is doing differently than.
 
 

 

– Why did zoom shares drop

 
Dec 01,  · Zoom shares fell nearly 14% on Tuesday morning, a day after the company beat earnings expectations but signaled its tremendous growth rate seems to be slowing. Zoom Video Communications stock fell in premarket trading Tuesday after the company reported more than $1 billion in quarterly revenue Monday, topping analyst expectations. But the company’s. Nov 09,  · If more people return to in-person work or if social distancing rules are eased, or both, fewer people could use Zoom. While a 20% stock price .

 
 

Why did zoom shares drop

 
 

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. Read the latest financial and business news from Yahoo Finance. Stock splits typically have led to oversized returns, says Bank of America.

Look beyond the popular growth stocks. A healthy stream of income awaits. It’s certainly understandable; getting more shares of your favorite company can bring a smile to the faces of even the most stoic among us. It’s also true that companies that announce their intentions to split their stock tend to see their share prices run up as the split date approaches.

All this buying can drive share prices up, bringing in more momentum traders and adding fuel to the fire. Energy prices are soaring.

But bargain-hunter Buffett continues to bet on big oil. The CEO of the electric vehicle maker wants to appease worried markets after one of his worrying messages about Tesla. Stocks fell last week, but was it constructive? Tesla tumbled on Elon Musk’s “super bad” warning. Apple WWDC is due. Using technical analysis of the charts of those stocks, and, when appropriate, recent actions and grades from TheStreet’s Quant Ratings, , we zero in on three names. While we will not be weighing in with fundamental analysis, we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names.

Snap Inc. Europe, where Tesla has just opened a production site, is an important market for the electric vehicle manufacturer and its CEO. Meanwhile, the Federal Reserve enters a blackout period before its next policy-setting meeting later this month. The metaverse offers added opportunities for a variety of tech stocks. Although big drops in the stock market can be unnerving and tug on investors’ emotions, they’re also, historically, an excellent time to put your money to work.

Corrections and bear markets tend to run their course relatively quickly, and all notable declines throughout history have eventually been erased by a bull market rally.

Within the next 15 years, people 65 or older are expected outnumber those under 18, for the first time in U. All three major indexes finished the week lower. As the world faces war, an ongoing public health crisis, and social injustice, corporate executives have found themselves facing questions from their own employees about whether or not they plan to take a stand.

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. If oil keeps rising, it would be great news for energy stocks—and oil exploration stocks in particular. Markets closed. Read full article. More content below. In this article:.

Story continues. Read more. Recommended Stories. The Independent. Motley Fool. Investor’s Business Daily. Yahoo Finance.

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