UK markets close in 2 hours 22 minutes
  • FTSE 100

    6,879.74
    -1.85 (-0.03%)
     
  • FTSE 250

    16,969.78
    +179.38 (+1.07%)
     
  • AIM

    801.60
    +3.21 (+0.40%)
     
  • GBP/EUR

    1.1341
    +0.0017 (+0.15%)
     
  • GBP/USD

    1.1058
    -0.0065 (-0.58%)
     
  • BTC-GBP

    17,454.61
    -14.42 (-0.08%)
     
  • CMC Crypto 200

    441.58
    -4.40 (-0.99%)
     
  • S&P 500

    3,640.47
    -78.57 (-2.11%)
     
  • DOW

    29,225.61
    -458.13 (-1.54%)
     
  • CRUDE OIL

    80.68
    -0.55 (-0.68%)
     
  • GOLD FUTURES

    1,672.70
    +4.10 (+0.25%)
     
  • NIKKEI 225

    25,937.21
    -484.84 (-1.83%)
     
  • HANG SENG

    17,222.83
    +56.96 (+0.33%)
     
  • DAX

    12,042.00
    +66.45 (+0.55%)
     
  • CAC 40

    5,711.27
    +34.40 (+0.61%)
     

Why Zoom Video Communications Stock Hit the Skids Tuesday Morning

·2-min read

The catalyst that sent the teleconferencing stock lower was negative analyst commentary that painted a pretty bleak picture. Citi analyst Tyler Radke downgraded Zoom Video Communications stock to sell from neutral (hold), while assigning a $91 price target, according to The Fly. Ongoing macroeconomic weakness and uncertainty is taking a toll on small- and medium-size businesses (SMBs), a prime growth area for Zoom.