Over 1 Year Ago
2 Min Read
Shares of ZM are trading -12% lower today. Lets find out what's happening:
Zoom Video Communications Cl A (ZM) is trading -12% lower at $85.715 today. While the Information Technology sector is having a slightly gloomy day in general, the company is trailing behind it's peers.
- Earnings: $1.05 per share, adjusted, vs. 94 cents per share as expected by analysts, according to Refinitiv.
- Zoom's finance chief, Kelly Steckelberg, said revenue would have grown faster if it weren't for the strong U.S. dollar and online business performance
- Company pared back its full-year forecast for earnings and revenue
Zoom Video Communications Cl A has been trading between a 52-week high of $357.93 and a 52-week low of $79.03. The stock has a market cap of $24.5 Billion.
Zoom Video Communications, Inc. brings teams together to get more done in a frictionless and secure video environment. Its easy, reliable, and innovative video-first unified communications platform provides video meetings, voice, webinars, and chat across desktops, phones, mobile devices, and conference room systems.
Headlines
Benchmark S&P 500 Index Inching Higher Ahead of Fresh Batch of US Economic Data
FX Empire 08-23-22
Here are Tuesday''s biggest analyst calls: Apple, Zoom, McDonald''s, AMC, Walmart, Uber, Tesla & more
CNBC 08-23-22
Zoom Video Communications, DLocal, GigaCloud Technology among premarket losers'' pack
Seeking Alpha 08-23-22
Dow Jones Futures Rise After Stock Market Plunge; Zoom Video Dives On Earnings
Investor''s Business Daily 08-23-22
Hot Stocks: M, JD, MRIN, ZM
Seeking Alpha 08-23-22
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:
Griffin90 - 13 upvotes - source
#"ZM down -7.7% after hours" It's over, lads.
Tfarecnim - 9 upvotes - source
Wow, ZM 105c for 4.90 was not the move, I feel sorry for the person who bought them from me.
HoosierGuy2014 - 8 upvotes - source
Motley Fool recommended ZM recently. 
Ermahgerd_Sterks - 8 upvotes - source
Too low. Banbet! ZM 10000000000000000 4y
VisualMod - 7 upvotes - source
#Ban Bet Won --- /u/cashbackpal (3W/4L) made a bet that ZM would go to 87.7 when it was 97.44 and it did, congrats autist.
Ok_GAINZ - 7 upvotes - source
ZM with that uno reverse card
lordbell21 - 7 upvotes - source
That ZM landing is probably the cleanest I've seen on a stock in a long time.
diabeetis - 7 upvotes - source
Imagine buying ZM for $560 
avarybody123 - 6 upvotes - source
> **2023 YEAR FORECAST - $ZM** > Sees revenue $4.39 billion to $4.40 billion, saw $4.53 billion to $4.55 billion, estimate $4.54 billion > Sees adjusted EPS $3.66 to $3.69, saw $3.70 to $3.77, estimate $3.76
freehouse_throwaway - 6 upvotes - source
lol ZM pumping greeeeeen
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