- Why Did Zoom Stock Drop 14% in February? | The Motley Fool
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Why is the zoom stock down
The Street is unclear on how to value Zoom as its growth slows with people returning to offices and schools, despite the lingering pandemic. So the only course of action right now it seems — sell Zoom's stock ZM and wait for more stable waters.
Radke called the earnings report disappointing. The steep sell-off pushed shares of Zoom into the red for the past year, down about 2. Added Steckelberg on the growth slowdown, "When we look out through what we have seen is a slowdown in the online segment of the business, which again, even though the pandemic seems to be far from over, we are happy that people are feeling more comfortable out traveling. And that's really where we're seeing the slowdown. And if you back all the way up to when we gave guidance at the beginning of the year, we had expected that towards the end of the year, but it's just happened a little bit more quickly than we expected.
And we, of course, feel good that people are out moving around the world. But It's certainly creating some headwinds, as we've said, in the online segment of our business. Analysts are taking a mostly guarded view on Zoom in the near-term, even though many acknowledge the company will benefit from the long-term shift to hybrid work. Brian Sozzi is an editor-at-large and anchor at Yahoo Finance.
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The CEO of the electric vehicle maker wants to appease worried markets after one of his worrying messages about Tesla. Energy prices are soaring. But bargain-hunter Buffett continues to bet on big oil.
Stocks fell last week, but was it constructive? Tesla tumbled on Elon Musk's "super bad" warning. Apple WWDC is due. CPI inflation data is out on Friday. All three major indexes finished the week lower.
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