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Zoom share price decline steepens as revenue growth shrinks | S&P Global Market Intelligence
Zoom Stock Extends Fall Amid Fears Growth Could Be Worse Than Advertised | Barron's.
Why did zoom stock drop so much - none:.Will Zoom Stock Keep Falling in 2022?
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Learn More. Capable video-conferencing software became an absolute necessity for businesses overnight, and the path of least resistance was Zoom's easy-to-start and easy-to-use product. Zoom's revenue soared as businesses scrambled to enable employees to work from home. Even though Zoom's financial results continued to impress through much of , the stock has been steadily declining for the past year. The stock market is forward looking. It's clear that investors have been worried about what will happen to Zoom once the pandemic is over, and that worry has contributed to the stock's decline.
The video-conferencing software market isn't going away, and the pandemic almost certainly accelerated adoption of the technology. But the end of the pandemic represents a sea change for Zoom. In the first months of the pandemic, businesses that abruptly found themselves with remote employees had no choice but to pay for video-conferencing software. It didn't matter how much it cost; what mattered was getting up and running quickly.
There are plenty of video-conferencing options, but many of them are geared toward larger enterprises or tied to legacy systems. If a company was already a Cisco customer, using WebEx made sense. For many companies, though, Zoom was the obvious choice. Even though the pandemic isn't over, the environment today is very different. Companies that absolutely needed to adopt Zoom's software have already done so.
Recent earnings show a business that continues to put up strong results despite the stock's performance. This provider of communication services has lost a lot of ground in , but it could produce exciting gains in the long run. Zoom's management has big plans for the company, and its latest acquisition is part of them. The wildly popular video conferencing company has seen some declines lately.
How is it responding? The somewhat worrying results of a survey cause an analyst to make a fairly deep cut to his price target on the shares. Powered by. Zoom Video Communications provides a cloud-based communications platform that concentrates on making the video conferencing experience better, including features like online collaborative meetings, voice and chat capabilities, and collaborative file sharing.
Sector: Information Technology Industry: Software. In Q4 , Wix. Atlantic Equities analyst Kunaal Malde downgraded Wix. According to the Q4 database of Insider Monkey, 29 hedge funds held long positions in Wix. Steadfast Capital Management is the largest stakeholder of the company, with 1. Here is what Baron Asset Fund has to say about Wix.
Novavax, Inc. However, the company is working on creating vaccine variants to fight omicron. On February 28, Novavax, Inc. Riley analyst Mayank Mamtani lowered the price target on Novavax, Inc. A total of 30 hedge funds were bullish on Novavax, Inc. DraftKings Inc. The stock rose to prominence during the pandemic since people indulged in online betting and fantasy sports when they were forced to stay indoors.
However, investors are concerned as DraftKings Inc. The stock declined The change in the target price reflects slightly more active accounts but a lower enterprise value per account, the analyst told investors in a research note. He continues to view DraftKings Inc.
Overall, 34 hedge funds were bullish on the stock at the end of December Sports betting and i-gaming are rolling out with great fanfare and success across the country; however, investors seem concerned about competition and margins. Most participants are spending heavily on marketing and promotions, which is cutting into margins. We see this as a worthy investment in customer acquisition at a moment in time when revenues are just building.
We continue to believe that online sports betting and gaming will be enormous industries, and that DraftKings Inc. We think the business will have high margins as it matures.
We believe we are underwriting the business conservatively and see much upside in the long term. Teladoc Health, Inc. NYSE:TDOC is an American virtual healthcare services firm that rose to the limelight during the pandemic, when patients were advised to stay home unless their illness required immediate medical attention.
Patients who use the Amazon devices will be directed to the Teladoc Health, Inc. No Recent Tickers Visit a quote page and your recently viewed tickers will be displayed here. Search Tickers. MarketWatch Dow Jones. ET by MarketWatch Automation. ET by Barron's. That Seems Ridiculous Now. Zoom stock flies higher despite tech rout as earnings show it is not just a pandemic darling May. ET by Wallace Witkowski. ET by Tomi Kilgore. Zoom stock walks back initial surge following earnings beat, improved profit forecast May.
This Stock Is the New No. No Headlines Available. Other News Press Releases. ET on Benzinga. ET on GuruFocus. ET on InvestorPlace. ET on Motley Fool.
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