Zoom stock formed a cup chart pattern over nearly eight months, hitting a low of on Oct. 23, , down 43% from its all-time high. ZM. Shares of Zoom closed down % Tuesday after the video-chat company warned investors of a revenue growth slowdown, leading Wall Street. Zoom was one of the beneficiaries of the pandemic work-from-home trend, but that momentum has fizzled. The shares are down 48% so far this year.
 
 

Zoom share price drop – zoom share price drop: –

 
Zoom was one of the beneficiaries of the pandemic work-from-home trend, but that momentum has fizzled. The shares are down 48% so far this year. Zoom Video Communications Inc’s third-quarter revenue growth rate slowed to 35% as demand for its video-conferencing tools eased from the. Shares of Zoom Video Communications (NASDAQ: ZM) dropped 14% in February, according to data from S&P Global Market Intelligence.

Zoom stock just crashed — here’s the simplest reason why – Key Points

The video conferencing company Zoom, which enjoyed massive growth during the coronavirus pandemic, has suffered читать больше 16 percent slide in share price today after the company reported second-quarter earnings по ссылке beat expectations but showed slow growth. CNBC reported the following figures:. Zoom saw revenue growth of percent in the quarter previous. The company is reportedly aiming to see growth of 31 percent next quarter.

The company reported its gross margin widened to The deal comes zoom share price drop – zoom share price drop: Zoom gaining millions zoom share price drop – zoom share price drop: users amidst the coronavirus pandemic as people flocked to the service for online meetings, classes, and digital social gatherings. In the same quarter, Zoom announced the availability of Zoom Events, which allows organizations o create premium online meetings.

Zoom also announced that it invested in the event software developers Cvent as the company sought to go public through a merger with a special purpose acquisition company. Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Follow him on Twitter LucasNolan or contact via secure email at the address lucasnolan protonmail.

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