Its profit, on the other hand, is expected to have dropped from $1.03 to 93 cents in Q2. Precisely, the median estimate is that the company’s revenue rose from $1.2 billion in Q1 to $1.12 billion in Q2. Analysts believe that the company’s revenue and earnings growth decelerated in the second quarter as companies slashed their tech spending. The next key catalyst for the ZM share price will be the upcoming quarterly earnings scheduled for Monday. It has collapsed by over 83% from its highest point in 2021. The Zoom Video stock price has underperformed in the past few months as investors worry about the company’s growth. Its profit rose to over $1.35 billion in 2021. Most importantly, it became an extremely profitable company as its annual profit surged from $7.6 million in 2019 to over $25 million in 2020. It also became popular in industries like healthcare and education.Īs a result, Zoom Video saw its annual revenue jump from about $622 million in 2019 to over $2.65 billion in 2020 and $4 billion in 2021. The firm became extremely popular during the Covid-19 pandemic as companies shifted to working from home. Zoom Video is a leading technology company that provides video solutions to companies in all industries. This price is about 25% above the lowest level this year, giving it a market cap of over $29 billion. The stock dropped to a low about $100, which was lower than July’s high of $123.90. Zoom Video ( NASDAQ: ZM) stock price has recoiled recently as the recovery of American shares pause.

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