Zoom Video (ZM) PT Lowered to $67 at Citi, 'Hitting growth fatigue with weaker Q4 outlook'

Zoom shares down 90% from peak as pandemic boom fades

By Aditya Soni and Chavi Mehta

(Reuters) - Shares of Zoom Video Communications Inc have tumbled about 90% from their pandemic peak in October 2020 as the former investor darling struggles to adjust to a post-COVID world.

The stock was down nearly 10% on Tuesday after the company cut its annual sales forecast and posted its slowest quarterly growth, prompting at least six brokerages to cut their price targets.

The company, which became a household name during lockdowns due... More

Best Buy, Abercrombie, Urban Outfitters rise premarket; Dollar Tree, Zoom fall

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Tuesday, November 22nd. Please refresh for updates.

Best Buy (NYSE: BBY) stock soared 7.3% after the retailer forecast a smaller-than-expected drop... More

Zoom Video (ZM) PT Lowered to $102 at Benchmark

Benchmark analyst Matthew Harrigan lowered the price target on Zoom Video (NASDAQ: ZM) to $102.00 (from $118.00) while maintaining a Buy rating.... More

Dow futures edge 35 pts higher; Fed speakers, retail earnings in focus

By Peter Nurse 

Investing.com -- U.S. stocks are seen opening largely unchanged, with investors digesting the possibility of China reinstating strict pandemic restrictions ahead of the appearance of more Fed speakers and retail earnings.

At 07:00 ET (12:00 GMT), the Dow Futures contract was up 35 points or 0.1%, S&P 500 Futures traded 4 points or 0.1% higher, and Nasdaq 100 Futures dropped 4 points or 0.1%.

The main stock indices closed lower on Monday, after China reported its first COVID-related death since May, raising fears that the country will have to... More

Covid spreads in China, Zoom earnings, Genesis troubles – what’s moving markets

By Geoffrey Smith

Investing.com Chinas Covid case count skyrocketed toward levels last seen in April, with Guangzhou and Chongqing the new hotspots. The Fed and the ECB are set for interest rate hikes of only 50 basis points at their next meetings, officials indicate. Zoom Video slides in premarket after giving some disappointing guidance for the current quarter. Troubled crypto brokerage Genesis is struggling to bridge a $1 billion liquidity shortfall, and oil whipsaws as two big Gulf producers pooh-pooh the idea of an output increase. Heres what you need to know in financial markets on Tuesday,... More

Zoom Video (ZM) PT Lowered to $83 at UBS

UBS analyst Taylor McGinnis lowered the price target on Zoom Video (NASDAQ: ZM) to $83.00 (from $92.00) while maintaining a Neutral rating.... More

Zoom Video (ZM) PT Lowered to $100 at Mizuho Securities

Mizuho Securities analyst Siti Panigrahi lowered the price target on Zoom Video (NASDAQ: ZM) to $100.00 (from $120.00) while maintaining a Buy rating.... More

Zoom Video (ZM) PT Lowered to $80 at Wells Fargo

Wells Fargo analyst Phil Winslow lowered the price target on Zoom Video (NASDAQ: ZM) to $80.00 (from $95.00) while maintaining a Equal Weight rating.... More

Zoom Video (ZM) PT Lowered to $77 at Piper Sandler

Piper Sandler analyst James Fish lowered the price target on Zoom Video (NASDAQ: ZM) to $77.00 (from $84.00) while maintaining a rating.... More

Zoom Video (ZM) PT Lowered to $90 at BofA Securities

BofA Securities analyst Daniel Bartus lowered the price target on Zoom Video (NASDAQ: ZM) to $90.00 (from $95.00) while maintaining a Neutral rating.... More

Zoom (ZM) stock drops as growth slows, analyst says 'turn is still quarters away'

Zoom Video Communications (NASDAQ: ZM) reported the slowest quarterly revenue growth on record to send its shares almost 9% lower in pre-market Tuesday.

Zoom crushed the analyst consensus of $0.83 for third-quarter EPS after reporting $1.07. Revenue came in at $1.10 billion, slightly ahead of the $1.09 consensus. Still, revenue growth year-over-year was just 4.9% - the slowest on record.

Zoom also reported its number of enterprise customers rose by 2.5% to 209,300, missing the Bloomberg average estimate of 210,105. The number of customers contributing more than $100,000 in the trailing 12 months revenue grew by 31% to 3,286.

"Our customers are increasingly... More

Zoom Video (ZM) PT Lowered to $85 at Evercore ISI

Evercore ISI analyst Peter Levine lowered the price target on Zoom Video (NASDAQ: ZM) to $85.00 (from $95.00) while maintaining a In Line rating.... More

Zoom Video (ZM) PT Lowered to $90 at Goldman Sachs

Goldman Sachs analyst Kash Rangan lowered the price target on Zoom Video (NASDAQ: ZM) to $90.00 (from $104.00) while maintaining a Neutral rating.... More

Zoom Video (ZM) PT Lowered to $80 at MoffettNathanson

MoffettNathanson analyst Jackson Ader lowered the price target on Zoom Video (NASDAQ: ZM) to $80.00 (from $85.00) while maintaining a Underperform rating.... More

Zoom Video (ZM) PT Lowered to $77 at Piper Sandler

Piper Sandler analyst James Fish lowered the price target on Zoom Video (NASDAQ: ZM) to $77.00 (from $84.00) while maintaining a Neutral rating.... More

Zoom Video (ZM) PT Lowered to $75 at Deutsche Bank

Deutsche Bank analyst Matthew Niknam lowered the price target on Zoom Video (NASDAQ: ZM) to $75.00 (from $95.00) while maintaining a Hold rating.... More

After-Hours Movers: Zoom Falls on Earnings, Agilent Gains

After-Hours Stock Movers:

Zoom (NASDAQ: ZM) 5% LOWER; reported Q3 EPS of $1.07, $0.24 better than the analyst estimate of $0.83. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.09 billion. Zoom sees Q4 2023 EPS of $0.75-$0.78,... More

Zoom (ZM) shares slide despite earnings beat

Zoom (NASDAQ: ZM) shares have fallen in after-hours trading Monday following its third-quarter earnings release, which saw it top analyst earnings expectations.

The more than 5% decline adds to Zoom's 56% year-to-date decline, as the company's shares have struggled since the end of pandemic restrictions as people returned to offices.

The video communications firm posted earnings of $1.07 per share on revenue of $1.1 billion,... More

Zoom cuts annual revenue forecast on slow online business

By Tiyashi Datta

(Reuters) - Zoom Video Communications Inc on Monday lowered its annual revenue forecast, as the video-conferencing platform expects a hit from declining online business.

Zoom chief financial officer Kelly Steckelberg said during a post-earnings call that the company's online business would decline nearly 8% during the year.

After recording blistering growth during the pandemic, Zoom, which competes with WeChat Work, Microsoft... More

Zoom (ZM) Tops Q3 EPS by 24c, Offers Guidance

Zoom (NASDAQ: ZM) reported Q3 EPS of $1.07, $0.24 better than the analyst estimate of $0.83. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.09 billion.

GUIDANCE:

Zoom sees Q4 2023 EPS of $0.75-$0.78, versus the consensus of $0.80. Zoom sees Q4 2023... More

Zoom (ZM) shares down 1.6% into earnings after the close

Zoom (NASDAQ: ZM) shares are down 1.6% into earnings after the close.

Zoom (ZM) option IV increases into quarter results and guidance

Zoom (NASDAQ: ZM) November weekly call option implied volatility is at 164, December is at 89; compared to its 52-week range of 48 to 115 into the expected release of quarter results today after the bell.

Zoom (ZM) November weekly 82 straddle priced into quarter results

Zoom (NASDAQ: ZM) November weekly 82 straddle priced for a move of 13% into the expected release of quarter results after the bell on November 21.

Zoom (ZM) November weekly option implied volatility elevated into quarter results

Zoom (NASDAQ: ZM) November weekly call option implied volatility is at 130, December is at 85; compared to its 52-week range of 48 to 115 into the expected release of quarter results after the bell on November 21.

Zoom (ZM) November weekly 83 straddle priced for a move of 13% into quarter results

Zoom (NASDAQ: ZM) November weekly 83 straddle priced for a move of 13% into the expected release of quarter results after the bell on November 21.