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0.00168890390136804 -0.00160445870629959 0.00413781455835171 0.00337780780273607 0.00691606147610203 0.0258402296909306 0.0122867758824523 -0.0109500084445195
Stock impact report

Zoom Video stock falls after Credit Suisse turns bearish [MarketWatch]

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: MarketWatch
Credit Suisse analyst Brad Zelnick cut his rating on Zoom Video Communications Inc. to underperform from neutral on Monday, writing that the stock is "priced for perfection" trading at 40 times consensus estimates for 2020 revenue. "We commend Zoom for being a superhero of the current health crisis, though our responsibility as equity analysts compels us to distinguish great companies from great stocks," he wrote, while upping his target price to $105 from $95. Zoom has recently been criticized for security-related issues, and Zelnick wrote that while some of these are "stemming from user error" and easy to resolve, others may stick around. "Encryption concerns have already caused some high-profile customers to curtail Zoom usage...and we expect others could follow, though the majority of organizations likely have no issue." Zoom Chief Executive Eric Yuan issued another response to privacy criticisms Friday, writing that the company "failed to fully implement our usual geo-fencing bes Show less Read more
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