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7.39918608952342E-05 -0.000961894191638886 0.000739918608952973 0.00103588605253412 -0.0163522012578617 -0.0109507954125045 -0.0108028116907141 -0.00991490935997043
Stock impact report

Zoom Stock Is Tumbling. The Covid Boom Is Fizzling. [MarketWatch]

Five9, Inc. (FIVN) 
Last five9, inc. earnings: 2/19 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.five9.com/investor-relations
Company Research Source: MarketWatch
No company more perfectly captured the pandemic moment in 2020 than Zoom (ticker: ZM). As we all shifted to working and learning from home, demand for videoconferencing services boomed. At one point, Zoom posted three straight quarters of top-line growth of 355% or better. But those days are over, and the stock is still adjusting. After the close of trading Monday, Zoom posted $1.05 billion in revenue for the fiscal third quarter , up 35% from a year earlier—respectable growth, but an order of magnitude slower than the 367% growth reported in the October 2020 quarter. True, results were slightly ahead of both the company's guidance and Street consensus. And the same pattern held for fourth-quarter guidance: at the midpoint of the range, the company sees revenue of $1.052 billion, just above the Street consensus. But the guidance suggests further slowing, with year-over-year growth of 19%, the smallest increase since the company went public in 2019 The early read on the numbers wa Show less Read more
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