Zoom Video (ZM.US) stock plunges 16% following the release of quarterly results. The video conferencing company reported quarterly earnings of $1.36 per share, well above analysts' estimates of $1.16 per share. Revenue of $1.02 billion also topped market expectations of $990 million. However company growth rate weakened as businesses and schools reopened. Zoom said sales in the third quarter are expected to rise about 31% which is sharply lower compared to the 355% growth in sales reported this time last year.
Zoom Video (ZM.US) stock launched today's session with a massive bearish price gap and is heading towards a major support zone around $268.45 which coincides with 61.8 Fibonacci retracement of the last upward wave which started back in December 2019. Source: xStation5
AU200.cash: mixed signals from the Australian economy ⚔️
Oracle is laying off thousands of employees — AI is replacing jobs🤖
BREAKING: IRGC threatens to attack Microsoft, Apple, and Alphabet ⚔️
Marvell Gains as NVIDIA Injects $2 Billion
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
