11/14/2022 0 Comments Zoom stock price now![]() ![]() He believes that we are headed for a hybrid model where some employees work from home while others continue to work from home. Notably, while several analysts see the reopening of offices as a negative for Zoom, Rishi Jaluria of RBC has a contrarian view. The company is looking to add more services that would diversify its revenue base. We believe our global brand, innovative technologies, and large customer base position us well for the future.” Delayed office reopening is positive for ZM stock He said “We are well on our way to becoming an indispensable platform for enterprises, individuals, and developers to connect, collaborate, and build in the flexible hybrid world of work. ![]() Yuan meanwhile sounded upbeat on the company’s outlook. Also, it would be the slowest growth for Zoom since it went public. Its forecasted topline growth in the fourth quarter is only 18.4% which is a fraction of the over 300% annual growth that it reported last year. ![]() Markets have been concerned about the company’s slowing growth. ![]() The company’s earnings and guidance were better than expected, still, the stock tumbled after the earnings release. Last month, Zoom released its fiscal third-quarter 2022 earnings for the three-month period ended October. Considering the positive sentiments towards stay-at-home stocks, we could see some upwards momentum in Zoom also.Ħ8% of all retail investor accounts lose money when trading CFDs with this provider. However, its 12,26 MACD (moving average convergence divergence) gives a buy signal while the 14-day RSI (relative strength index) is a neutral indicator.Īfter being in a downwards price channel, ZM stock is looking at a breakout. The 50-day SMA has been a key resistance level for the stock. Zoom stock is trading below most moving averages like the 50-day, 100-day, and 200-day SMA. What’s the forecast for Zoom stock and is it a good buy for 2022? Zoom stock technical analysis However, stay-at-home stocks have been in focus after the emergence of the omicron variant. There has been a sell-off in all the stay-at-home stocks as investors instead pivoted towards cyclical and reopening stocks. The stock has recovered 14% from its 52-week lows even as it trades at less than half of its 52-week highs. Zoom Video Communication (NYSE: ZM) stock rose 9.5% on Friday and was in the green in the premarket price action today. The content on this page is for information purposes only. Zoom Phone, VanVliet says, is a “$23 billion opportunity driving international growth.” The cloud-calling solution is now used in 43 countries, boasts over 5,800 customers with more than 10 employees, and “is just starting to benefit from its growing channel ecosystem.”Įven though as much as half of the global market is international, roughly only 25% of the company’s TTM (trailing twelve months) revenue was generated outside the U.S., implying to VanVliet, the international opportunity is “a long-term growth driver.Please note that we are not authorised to provide any investment advice. “While much of the legacy environment is simply treading water, Zoom is pushing the envelope on product innovation and what the future of work / re-opening will actually look like rather than trying to form-fit existing tech to previous issues, which we believe will help Zoom emerge as the leading video platform that is pervasive across the entire IT landscape.”ĭuring the event, the company gave updates on its platform’s expansion, laid out its intentions for the next few years, including plans to improve long-term margins, and gave updates around Zoom Phone. “Overall the growth of the company has been unprecedented but as it expands well beyond a video-conferencing tool into a core human interaction platform forever augmenting how multi-modal interactions evolve into the future, the growth trajectory appears to only slow slightly,” VanVliet said. ![]()
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