Zoom Shares Collapse and Concern Investors

Zoom Shares Collapse and Concern Investors

Discover why Zomm shares recently collapsed. Keep reading this article and find out all the details. Here you will get to know the most important information. Read on!

Discover why Zomm shares recently collapsed. Keep reading this article and find out all the details. Here you will get to know the most important information. Read on!

Shares of the video-calling platform, the rage of the quarantine Zoom, plunged 17% in the trading days after the announcement of its second-quarter results, which increased fears that growth is slowing in the post-pandemic world.

However, the company outperformed both results and earnings, as it posted earnings per share of $1.36 with revenues of $1.02 billion, compared to $1.16 in earnings per share and the $991 million in revenue.

However, the company outperformed both results and earnings, as it posted earnings per share of $1.36 with revenues of $1.02 billion, compared to $1.16 in earnings per share and the $991 million in revenue.

Likewise, the platform had its first quarter of revenue of $1 billion, with an increase of 54% compared to the same period of the previous year, which seems impressive, but in the previous quarter, revenues increased by a whopping 191%, so that it looks like things are still slowing down after the 2020 pandemic-fueled bull run.

User growth skyrocketed during the first months of the Covid crisis, and Zoom's customer numbers soared 460% in the second half of the year, pushing stocks to a high of $588. 84 in October 2020.

Zoom now expects revenue of up to $4.015 million, compared to $3.98 billion. For his part, Zoom founder and CEO Eric Yuan said: "In Q2, we achieved our first quarter of billion dollar revenue while delivering strong profitability and cash flow. Q2 also marked several milestones in our expansion beyond the UC platform."

User growth skyrocketed during the first months of the Covid crisis, and Zoom's customer numbers soared 460% in the second half of the year, pushing stocks to a high of $588. 84 in October 2020.

"We launched Zoom Apps, which incorporates more than 50 applications directly into the Zoom experience, and Zoom Events, an all-in-one digital events service. Today we are a global brand with more than half a million customers, which We believe that it positions us very well to support organizations and individuals seeking to reimagine work, communications and collaboration," he adds.

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