Over 1 Year Ago
1 Min Read

Shares of ZM are trading -16% lower today. Here's what's going on:



Shares of Zoom Video Communications Cl A (ZM) are trading -16% lower at a price of $81.67 at the time of this writing. The Information Technology sector is having a generally cheery day, this hasn't really affected the stock's share price, as it stumbling behind other names in the space.

-Zoom falls by 8% after cutting annual forecast
-This follows earnings of $1.05 per share (beating expectations)
-However, revenue growth is only expected in the single digits now

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 $23.4 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


Stocks making the biggest moves midday: Twitter, Zoom, Palo Alto Networks, Macy''s and more
CNBC 08-23-22

Zoom shares fall 14% following revenue miss and gloomy forecast
CNBC 08-23-22

Zoom Video Communications Inc (NASDAQ:ZM) Profit Falls
FXDailyReport 08-23-22

Zoom Video Tumbles on Results. What Wall Street Is Saying.
Barron''s 08-23-22

Why Zoom Video Communications Stock Got Crushed Tuesday Morning
The Motley Fool 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 - 12 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.

VisualMod - 9 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.

Ermahgerd_Sterks - 8 upvotes - source
Too low. Banbet! ZM 10000000000000000 4y

reddituserzerosix - 7 upvotes - source
Congrats ZM bears

diabeetis - 7 upvotes - source
Imagine buying ZM for $560 ![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)

lordbell21 - 7 upvotes - source
That ZM landing is probably the cleanest I've seen on a stock in a long time.

HoosierGuy2014 - 7 upvotes - source
Motley Fool recommended ZM recently. ![img](emote|t5_2th52|4271)

Ok_GAINZ - 7 upvotes - source
ZM with that uno reverse card

JoeS222222 - 6 upvotes - source
ZM earnings have ruined me