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-0.000153139356814562 -0.00199081163859105 -0.000918836140888026 -0.000842266462480745 0.00153139356814714 0.0052067381316999 0.00352220520673819 -0.000229709035222061
Stock impact report

Zoom: Only An Inline Performer In The Near-To-Mid Term [Seeking Alpha]

Zoom Video Communications, Inc. - Class A (ZM) 
Last zoom video communications, inc. - class a earnings: 3/4 04:20 pm Check Earnings Report
Company Research Source: Seeking Alpha
will likely continue to serve as a near-term headwind and probably will continue into 2024. Consensus estimates call for mid-single-digit percentage Y/Y growth. While this is achievable, we think there's a risk headwinds experienced in APR and EMEA may spill over into North America. We expect the stock to be an in-line performer in the near term. Tech Contrarians members get exclusive access to our real-world portfolio. See all our investments here » We maintain a neutral sentiment on Zoom Video Communications, Inc. ( NASDAQ: ZM ). Investors got excited last quarter when Zoom beat expectations and guided higher for FY on enterprise business strength, but October quarterly results and management's guidance for its January quarter confirm our negative thesis that weak enterprise spending will likely continue into 2024. Zoom derives roughly 58% of total sales from its enterprise revenue; hence, our concern for the company's financial performance through the next quarter is due to Show less Read more
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