|Bid||0.00 x N/A|
|Ask||0.00 x N/A|
|Day's range||102.75 - 107.28|
|52-week range||102.75 - 107.28|
|Beta (5Y monthly)||-0.61|
|PE ratio (TTM)||0.25|
|Earnings date||22 Aug 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
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.
Yahoo Finance Live anchors discuss the slide in Zoom stock after Citi downgraded its shares.
Citi doesn't like what it sees ahead of Zoom's Aug. 22 earnings report.