Updates
** Shares of Zoom Communications ZM.O plunge 9.5% to $73.30 in early trading, hitting their lowest since Oct. 29
** Video conferencing platform forecasts FY and Q1 rev below Wall Street estimates as employers gradually move away from hybrid work models
** Following Trump's return-to-office order, companies like JPMorgan Chase JPM.N, Amazon AMZN.O and AT&T T.N have mandated a five-day office week, reducing demand for remote meetings
** J.P.Morgan sees co as cautiously optimistic; notes modest rev growth, strong free cash flow
** Says it is encouraged by co's innovation, especially in AI, but mixed macro environment remains a concern
** Stock rated "hold" on avg; median PT is $90.70 - LSEG
** ZM down 0.74% so far this year, as of Monday's close
(Reporting by Rashika Singh in Bengaluru)
((rashika.singh@thomsonreuters.com))
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