Zoom Video Communications Inc. ($ZM) Stock Forecast: Down 6.5% Today

What is Zoom Video Communications Inc.?

Zoom Video Communications Inc (NASDAQ: ZM) experienced a bearish movement in its stock today.

Why is Zoom Video Communications Inc. going down?

ZM stock is down 6.5% on Nov 26, 2024 20:47

• Zoom Video's stock faced a strong bearish movement after its third-quarter financial results, despite surpassing expectations.
• Analysts suggest that concerns about slowing growth in the company's guidance may have influenced the negative market sentiment.
• While the company's emphasis on Enterprise customers and revenue growth were positive, worries regarding future growth took precedence.
• The broader market sentiment, including declines in other prominent stocks like Leslie's Inc, likely also impacted the downward trend in Zoom Video's stock.

ZM Price Chart

ZM Technical Analysis

ZM News

Zoom Video Analysts Say Guidance Points To Decelerating Growth After Q3 Beat - Zoom Video Comms ( NASDAQ:ZM )

Zoom Video Communications Inc ZM shares tanked in early trading on Tuesday, after the company reported upbeat third-quarter results. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.

https://www.benzinga.com/news/earnings/earnings-beats/24/11/42196876/zoom-video-analysts-say-guidance-points-to-decelerating-growth-after-q3-beat

What's Going On With Zoom Communications Stock Tuesday? - Zoom Video Comms ( NASDAQ:ZM )

Zoom Video Communications Inc ZM shares are trading lower on the heels of the company's third-quarter financial results. The stock is off the lows of the session as analysts lift price targets following the print. Here's what you need to know. Q3 Revenue: $1.18 billion, versus estimates of $1.16 ...

https://www.benzinga.com/analyst-ratings/price-target/24/11/42194138/whats-going-on-with-zoom-communications-stock-tuesday

Zoom Q3 Earnings Beat, Enterprise Customers Drive Revenues

ZM's third-quarter fiscal 2025 results reflect growth in Enterprise customers, which drives the company's top line.

https://www.zacks.com/stock/news/2375499/zoom-q3-earnings-beat-enterprise-customers-drive-revenues

Leslie's Posts Weak Results, Joins Zoom Video And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session - Alector ( NASDAQ:ALEC ) , Agora ( NASDAQ:API )

U.S. stock futures were slightly higher this morning, with the Nasdaq futures gaining around 0.1% on Tuesday. Shares of Leslie's, Inc. LESL fell sharply in today's pre-market trading after the company reported worse-than-expected fourth-quarter adjusted EPS and sales.

https://www.benzinga.com/24/11/42188477/leslies-posts-weak-results-joins-zoom-video-and-other-big-stocks-moving-lower-in-tuesdays-pre-market-session

Best Buy, HP And 3 Stocks To Watch Heading Into Tuesday - Best Buy Co ( NYSE:BBY ) , Dell Technologies ( NYSE:DELL )

With U.S. stock futures trading slightly higher this morning on Tuesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Best Buy Co., Inc. BBY to report quarterly earnings at $1.29 per share on revenue of $9.63 billion before the opening bell, according ...

https://www.benzinga.com/news/earnings/24/11/42181574/best-buy-hp-and-3-stocks-to-watch-heading-into-tuesday

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Zoom Video Communications Inc. Price History

22.07.2024 - ZM Stock was up 13.3%

• Zoom Video Communications (ZM) saw a strong bullish movement after surpassing second-quarter financial expectations, with earnings per share exceeding analyst estimates by 14.88%.
• Revenue growth, particularly from Enterprise customers, has been a key factor in boosting market confidence in ZM.
• Investor trust in Zoom's ability to capitalize on the remote work trend is reflected in the stock's performance today.
• Despite a downturn in U.S. stocks, Zoom Video Communications' positive earnings have demonstrated strong performance and resilience in a challenging market.

22.07.2024 - ZM Stock was up 12.9%

• Zoom Video (ZM) stock experienced a strong bullish movement after posting better-than-expected second-quarter financial results, including earnings of $1.39 per share and revenue of $1.16 billion.
• The company's positive Q2 earnings report and the raised FY25 targets contributed to the surge in stock price.
• Analysts revised their forecasts upwards for Zoom Video after the impressive Q2 results, further boosting investor confidence in the stock.
• Despite the overall market decline, Zoom Video stood out as one of the big stocks moving higher on Thursday, showcasing its resilience and growth potential in the current economic landscape.

22.07.2024 - ZM Stock was up 8.0%

• Zoom Video Communications Inc. (ZM) experienced a bullish movement following its Q2 2025 earnings call, emphasizing strong AI adoption and revenue growth amid economic challenges.
• The positive earnings call likely boosted investor confidence in the company's future prospects, leading to increased buying activity and driving the stock price higher.
• The overall market's positive sentiment, as indicated by the gains in major U.S. indices, may have also contributed to the bullish movement in ZM's stock.
• Investors and traders are closely monitoring Zoom Video Communications Inc. as one of the top stocks gaining attention, further fueling interest and demand for the company's shares.

23.07.2024 - ZM Stock was up 5.7%

• Following its strong second-quarter financial results, Zoom Video Communications, Inc. (ZM) saw a nearly 13% increase in its shares. The company reported earnings of $1.39 per share and revenue of $1.16 billion, exceeding analyst expectations.
• Despite the positive performance of ZM, Cathie Wood's Ark Innovation ETF ARKK made the decision to sell off its entire stake in the company. This move may have introduced some uncertainty among investors.
• Various factors, such as upcoming economic data and comments from Federal Reserve officials, including a speech by Federal Reserve Chair Jerome Powell, contributed to the mixed and restrained trading in Asian markets. These factors likely influenced overall market sentiment and played a role in ZM's upward momentum.
• Additionally, the announcement that Zoom now supports webinars for up to 1 million participants for a fee of $100,000 possibly contributed to the optimistic investor outlook and the rise in ZM's stock value.

22.10.2024 - ZM Stock was up 5.2%

• Zoom Video (ZM) stock showed a positive trend, closing at $77.75.
• Investors are optimistic about Zoom Video's Q3 earnings report, likely influencing the bullish movement.
• Although there was some bearish options activity, overall market sentiment towards Zoom Video appears positive, possibly due to expectations of growth in earnings and key metrics.

22.10.2024 - ZM Stock was up 5.4%

• Zoom Video (ZM) demonstrated a notable bullish trend today, amid fluctuations in its stock price over recent times.
• The upcoming Q3 earnings are expected to highlight growth in enterprise clients and advancements in AI technology, which may be influencing the positive market sentiment.
• Despite recent signs of bearish options activity, investor outlook on Zoom Video's performance appears positive, fueling the bullish movement in the stock.
• Market reaction to the company's growth potential and technological progress might be propelling today's upward momentum in Zoom Video's stock price.

29.09.2024 - ZM Stock was up 2.8%

• Zoom Video Communications (ZM) experienced a bullish movement despite a slight dip in the broader market.
• The minor dip in ZM's stock price could be attributed to profit-taking after recent gains.
• Investors may have regained confidence in ZM's long-term growth prospects, driving the bullish movement.
• Overall, ZM's resilience in the face of market fluctuations showcases its strong position in the video communications sector.

11.10.2024 - ZM Stock was up 5.1%

• Zoom Video Communications (ZM) closed at $80.19 today, experiencing a bullish movement.
• Despite its positive performance, the stock did not keep pace with the overall market.
• The slight increase of +0.63% may be linked to the positive sentiment in the tech sector.
• Investors could be cautiously optimistic about ZM's growth prospects in light of growing competition in the video conferencing industry.

26.10.2024 - ZM Stock was down 6.5%

• Zoom Video's stock faced a strong bearish movement after its third-quarter financial results, despite surpassing expectations.
• Analysts suggest that concerns about slowing growth in the company's guidance may have influenced the negative market sentiment.
• While the company's emphasis on Enterprise customers and revenue growth were positive, worries regarding future growth took precedence.
• The broader market sentiment, including declines in other prominent stocks like Leslie's Inc, likely also impacted the downward trend in Zoom Video's stock.

26.10.2024 - ZM Stock was down 7.2%

• Zoom Video Communications Inc (ZM) shares declined post the company's third-quarter financial results, despite analysts increasing price targets.
• The general market sentiment leaned towards positivity as U.S. stock futures traded higher, yet Zoom's poor results overshadowed this optimism.
• The downturn in Zoom's stock may be linked to investors reacting to underperformance, contrasting with the overall market hitting record highs.
• The negative effect on Zoom's stock price could have been worsened by the contrasting positive performance of other companies like Dow Jones and Russell 2000, diverting attention and capital away from Zoom.

26.10.2024 - ZM Stock was down 9.2%

• Zoom Video Communications (ZM) witnessed a significant decline despite announcing strong third-quarter financial results, surpassing revenue expectations.
• The market sentiment was optimistic, with the S&P 500 and Dow Jones Industrial Average achieving record highs, indicating a positive trend in the overall market.
• The decline in ZM's stock price could be attributed to profit-taking by investors following a period of robust performance and possible concerns regarding competition in the video conferencing sector.
• Despite the recent downturn, ZM continues to hold a prominent position in the remote communication industry and might experience a recovery in the future as the demand for virtual communication tools continues to rise.

25.06.2024 - ZM Stock was up 3.6%

• The market's favorable outlook following the Supreme Court's recent decision on Chevron deference, especially in relation to net neutrality, potentially boosted confidence among investors and impacted companies like Zoom Video Communications.
• The optimistic investor activity in Zoom Video Communications' options market reflects a positive outlook on the company's future performance.
• The general positive market sentiment, especially towards technology firms such as Zoom, supported by robust earnings releases and investor confidence, likely drove the bullish movement in ZM's stock today.