BUZZ-Zoom Communications slips on bleak rev outlook as demand slows

Reuters
25 Feb
BUZZ-<a href="https://laohu8.com/S/ZM">Zoom</a> Communications slips on bleak rev outlook as demand slows

** Zoom Communications ZM.O slips 3.32% to $78.41 premarket

** Video conferencing platform forecasts FY and Q1 rev below Wall Street estimates as it navigates an environment where employers are gradually moving 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 Zoom calls

** 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))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10