Why did zoom stock fall today – none:
Zoom share price decline steepens as revenue growth shrinks | S&P Global Market Intelligence
This copy is for your personal, non-commercial use only. Fast-growing technology stocks have been slammed because of rising bond yields amid expectations for stronger economic growth.
But if the strong economic growth is accompanied by higher interest rates—as it is now—that can hurt tech companies with high valuations based on future profits. Higher rates mean that earnings years from now are worth less today. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law.
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Tech Stocks Are Down. Here’s What That Means for the Economy | Time – Key Points
April 30 , Net cash used in financing activities.
Zoom Stock Falls as Revenue Growth Continues to Slow | Barron’s – Invest Smarter with The Motley Fool
Zoom reported about , customers with more than 10 employees at the end of the quarter ended Oct. By comparison, the October quarter saw Moving beyond videoconferencing. Although Zoom’s claim to fame was its videoconferencing platform, the company is looking to expand its presence into other businesses as it seeks to reaccelerate growth. One increasingly lucrative business segment that Zoom is eyeing is contact center software, which uses artificial intelligence to help companies interact with customers.
Zoom now plans to launch its own solution in the space — Zoom Video Engagement Center — in early A spokesperson for the company declined to comment on the new service. Skip to content Profile Avatar.
Subscribe to Entrepreneur. Magazine Subscriptions. By Sam Quirke May 26, This story originally appeared on MarketBeat. Decent Earnings For starters, the company’s fiscal Q1 earnings which came out at the end of Monday’s session gave investors plenty to think about. Entrepreneur Editors’ Picks. Premium Services.
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Go here to connect your wallet. Already have a digital account? Sign In. The RSI on Zoom has made three higher lows, while the stock has made a series of lower lows, indicating fading bearish momentum. Additionally, there appear to be two falling wedges that have formed, which are bullish reversal patterns. The first wedge can be seen in green and the second wedge in red. The stock rose above the first green wedge pattern and now sits below the larger red falling wedge pattern.
There’s a tremendous amount of risk in this, of course, because if Zoom misses numbers or gives poor guidance, the stock is likely to get crushed. There have been plenty of stocks that have been obliterated in recent weeks following poor results. Even the mega-caps like Amazon have fallen victim to this, and more recently, staples like Walmart and Target have seen very sharp declines.
A stock like Zoom would likely feel an even more significant impact from disappointing results. Zoom has fallen a lot, and as long as there are no surprises from Zoom’s management team, then the technicals and the options seem to suggest an upside opportunity is present, while valuations seem fairly valued currently.
Investing today is more complex than ever. With stocks rising and falling on very little news while doing the opposite of what seems logical. Reading the Markets helps readers cut through all the noise delivering stock ideas and market updates, looking for opportunities.
Why did zoom stock fall today – none: –
Zoom Video Communications Inc (NASDAQ: ZM) shares are trading lower in possible reaction to positive data from Pfizer for its COVID oral. Battered by the recent tech stock rout, Zoom Video Communications (ZM %) was reversing course dramatically on Wednesday.