Bad news for ZOOM and its investors. Although the company reported better than expected EPS on Monday the shares dropped on expectations for weak results in the next earnings season.
The end of the COVID restrictions pushed people to return to work and rely less on video conference calls.
The next price target is located at the major support level of $60
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The end of the COVID restrictions pushed people to return to work and rely less on video conference calls.
The next price target is located at the major support level of $60
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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