![]() ![]() As a result, the stock is down after reporting the results. However, the company’s guidance fell short of expectations. Zoom’s growth story is now under question, and there is potential for additional multiple compression, which will inevitably put pressure on the company’s shares as earnings estimates should not increase in the upcoming weeks.Īt the same time, it should be noted that one quarter without growth is not the end of the world for Zoom, and the company may move back to the growth trajectory in 2022.įor a look at all of today’s economic events, check out our economic calendar. Zoom has beaten earnings expectations in nine of the past nine quarters. Just Released 5 Stocks Under 49 (FREE REPORT) Stop Trading. It remains to be seen whether the significant pullback will attract speculative traders as slowing growth is traditionally considered to be a dangerous catalyst for richly-valued stocks like Zoom. However, as Wall Street wonders about the company's future, Zoom clearly isn't resting on its laurels, as a news report today demonstrates. 1 day ago &0183 &32 The post Down 25 From the Top, These Canadian Energy Stocks Look Ready to Zoom appeared first on The Motley Fool Canada. The company stated that the return to work was its main near-term problem, but the market will also take a look at the possibility of increasing competition from products like Microsoft Teams. Such valuation implies fast growth but Zoom is facing headwinds. Create real-time notifications to follow any changes in the live. 23, 2019, down 43 from its IPO-launch high. View todays Zoom Video Communications Inc stock price and latest ZM news and analysis. Currently, analysts expect that Zoom will report earnings of $4.67 per share in the current year and $4.76 per share in the next year, so the stock is trading at more than 60 forward P/E even after today’s drop. Zoom stock formed a cup chart pattern over nearly eight months, hitting a low of 60.97 on Oct. On the go and need to report an issue to the City of Austin Download the Austin 3-1-1 mobile app today You can report potholes, graffiti, loose dogs, and much. A pandemic darling stock, Zoom (NASDAQ: ZM) is having a great day as it unveils new products. ![]() The company’s third-quarter guidance implies no growth, which is not good for richly-valued stocks like Zoom. ![]()
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