Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. Important Disclaimers The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. Zoom’s growth story is now under question, and there is potential for additional multiple compression, which will inevitably put pressure on the company’s shares as earnings estimates should not increase in the upcoming weeks.Īt the same time, it should be noted that one quarter without growth is not the end of the world for Zoom, and the company may move back to the growth trajectory in 2022.įor a look at all of today’s economic events, check out our economic calendar. It remains to be seen whether the significant pullback will attract speculative traders as slowing growth is traditionally considered to be a dangerous catalyst for richly-valued stocks like Zoom. The company stated that the return to work was its main near-term problem, but the market will also take a look at the possibility of increasing competition from products like Microsoft Teams. Such valuation implies fast growth but Zoom is facing headwinds. Currently, analysts expect that Zoom will report earnings of $4.67 per share in the current year and $4.76 per share in the next year, so the stock is trading at more than 60 forward P/E even after today’s drop. The company’s third-quarter guidance implies no growth, which is not good for richly-valued stocks like Zoom.
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