Why is zoom stock down9/7/2023 Comparatively, its operating income and adjusted earnings were forecast at $362 million and $1.07 respectively. The company’s management forecast sales of $1.05 billion in Q4 which indicates revenue growth of 19%. Comparatively, Wall Street forecast Q3 sales at $1.02 billion and adjusted earnings at $1.09 per share.ĭespite its stellar revenue growth, the company managed to increase earnings by just 11% year over year which suggests it continues to reinvest cash flows to fund its growth opportunities. It reported adjusted earnings per share of $1.11 in Q3. It was lower than the 54% growth experienced in Q2 and much lower than the monumental growth of 367% in Q3 of 2021. In the fiscal third quarter of 2022 that ended in October, Zoom Video reported revenue of $1.05 billion which was an increase of 35% year over year. Let’s see if the pullback provides investors with a buying opportunity or if ZM stock is similar to a falling knife. The video collaboration giant is now valued at a market cap of $62 billion allowing investors to buy the dip. Shares of Zoom Video Communications (NASDAQ: ZM) are currently trading at $208 which is down more than 60% from all-time highs.
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