Why zoom stock drop – why zoom stock drop:. Is Zoom Video (NASDAQ: ZM) Starting To Bottom Out?

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Why zoom stock drop – why zoom stock drop:.Zoom stock just crashed — here’s the simplest reason why

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Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources , and more. Learn More. There wasn’t any major news about Zoom before its Feb. Last month’s drop was due entirely to negative market sentiment, especially among high-priced market darlings. Zoom had two financial press releases last month, and neither was particularly important for the stock’s valuation.

The company announced the resolution of a legal dispute with RingCentral , then it announced a new product update for contact centers. That news was overall slightly positive. There was no reason to think that Zoom’s financial fundamentals had changed meaningfully during the month. It became cheaper relative to sales and expected earnings.

These dynamics become even more clear when Zoom’s price chart is compared to peers RingCentral and Atlassian. All three stocks were clearly influenced by the same market sentiment. Zoom’s Feb. After that, the stock continued to slump as the Ukrainian conflict weighed on markets. Investors are concerned about slowing growth, which is bad news at a time when investors are moving away from riskier assets.

The company has retained and built upon its COVID bump, but it’s settling into a phase that could never justify its previous valuation. The pricing is much more reasonable now at an 8. Cost basis and return based on previous market day close.

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Our Purpose:. Latest Stock Picks. Today’s Change. Current Price. Zoom was pulled down by growth stock sell-off. Image source: Getty Images.

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Why zoom stock drop – why zoom stock drop:

 

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Stock Comparison. Dividend Calculator Popular. Dividend Yield Calculator New. Daily Stock Ratings. We believe these innovative solutions will further expand our market opportunity for future growth and expansion with customers” he said. In addition to the innovative side of the company, he highlighted the financial results, saying that “we delivered revenue of over one billion dollars driven by ongoing success in Enterprise, Zoom Rooms, and Zoom Phone, which reached 3 million seats during the quarter.

Perhaps the biggest surprise , and likely the main reason for the strong bid, was the forward guidance given by Yuan and his management team. For any bag holders, or perhaps more optimistically for anyone considering getting involved around here, this could be the signal we’ve been waiting for. Having been beaten down relentlessly for 18 months, while becoming a poster child for the post-pandemic pop in stocks , Zoom could be on the verge of a recovery rally.

But buyers beware. The teams at Coatue Management, Citi, and Piper Sandler have all either cut their price target or dropped their rating on the stock in recent weeks. The bulls might call this the final capitulation that we’ll look back on in the months to come, and they actually mightn’t be all that wrong. In reality, how much more downside can be priced into Zoom shares? May 17 PM. May 05 PM. May 04 PM. Apr 27 PM. Apr 21 PM. Apr 12 PM. Apr 07 PM. Mar 24 PM. Mar 23 PM. Mar 22 PM.

Mar 14 PM. Mar 11 PM. Mar 10 PM. Mar 08 PM. Mar 04 PM. Feb 16 PM. Feb 11 PM. Feb 04 PM. Jan 28 PM. Jan 20 PM. Jan 12 PM. Jan 11 PM. Jan 07 PM. Dec 29 PM. Dec 21 PM. Dec 17 PM. Dec 15 PM. Dec 14 PM. Dec 10 PM. Dec 09 PM. Dec 07 PM. Dec 01 PM. Nov 10 PM. Nov 09 PM. Nov 04 PM. Oct 22 PM. The word Zoom became a verb.

A tiny camera has been a fixture over PC screens for a decade. The company also sells ads and hardware and invests in startups. Its one big deal, however, died. Instead, Zoom is buying Solvvy , a customer support company. This time the price was not disclosed. Analysts loved Zoom Video stock at its height. At its low, just nine of 23 at Tipranks are telling clients to buy it. Even their highest price target is less than half the all-time high.

 

ZM – Zoom Video Communications Inc Stock Price Quote – NASDAQ | Morningstar – Zoom was pulled down by growth stock sell-off.

 
The fall of Zoom stock is hard to find in Zoom’s financial results, which have been excellent. Revenue has gone from a pre-pandemic $ The analyst is “impressed” by Zoom’s progress within enterprise accounts. Net-net, the analyst sees an “attractive entry point” in Zoom shares. Zoom reported solid results for its fiscal first quarter, featuring in-line revenue, strong profitability, and a slightly better outlook for profitability.