docslkak.blogg.se - Zoom stock january 2020

An unpleasantly surprising forecast made matters worse, calling for third quarter EPS of $0.89 vs the $0.91 expected on a revenue forecast that was around $50m of estimates at $1.1bn on the high end – all of that proves the thing that investors were scared of, that Zoom’s transition from a Covid-era tool to an actual enterprise business platform is going to be a struggle.

But it’s not all on the dollar – Zoom is also struggling to attract enterprise customers and is struggling to compete with Microsoft’s Teams.

A strong US dollar got stuck with most of the blame, which has been a pretty common theme for tech firms this earnings szn as brands face having to convert international sales into dollars.

The video conferencing platform did manage to report an expectation beating EPS of $1.04 but revenues missed estimates at $1.10bn, which was Zoom’s slowest ever sales growth at 8%.

Zoom reversed over 10% in extended trading on Monday to its lowest level since mid-May after the previously popping company reported its second quarter results.

From a Zoom to a crawl The pandemic party is well and truly over for Zoom it seems after a mixed bag of earnings was topped off with a gloomy outlook.