For the fiscal fourth quarter, Zoom forecast adjusted earnings of $1.06 to $1.07 per share on $1.051 billion to $1.053 billion in revenue, which implies 19% growth. 31, slowing from 54% growth in the quarter before. Zoom stock has underperformed the S&P 500, which is down 24. Zoom's revenue increased 35% from a year earlier in the quarter, which ended Oct. Zoom Stock: 2023 Outlook Lowered Thus far in 2022, ZM stock has retreated about 58 amid volatility in the tech-heavy Nasdaq composite. Shares of Zoom Video Communications (ZM ) dropped 14 in February, according to data from S&P Global Market Intelligence. and Beauchamp didn't, and they got hung up (Golenbock, American Zoom, 97). "Moderating growth has been, and could continue to be a near-term stock headwind, though we remain positive on the long-term growth and platform opportunity particularly as the growth rate troughs over the next couple quarters," Baird researchers wrote Tuesday. Why zoom stock went down Zoom stock formed a cup chart pattern over nearly eight months, hitting a low of on Oct. Banjo Matthews spun coming down off Turns Three and Four and Daddy and. Why Zoom has been the go-to platform globally for the remote workforce. But Wall Street is generally still bullish on Zoom's future. Zoom stock crashes Zoom, the video-conferencing software company, dropped nearly 20 today in early trading. "While we're positive on Zoom's strategic initiatives and investments in key growth areas, we find it tougher to like a stock with more sharply decelerating growth and incremental pressure on profitability," Deutsche Bank wrote in a note Tuesday.īaird, Guggenheim, Wells Fargo, Stifel, UBS, Piper Sandler and KeyBanc also dropped their price targets. BTIG, which lowered its price target to $400 from $460, reiterated its buy rating but said the cut was to "better reflect current market sentiment and group multiple compression." Deutsche Bank Research also lowered its 12-month target to $280 from $350.
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