Zoom (NASDAQ: ZM) shares are down premarket on Tuesday after the company reported its second-quarter earnings, with its Q3 guidance coming in below forecasts.
Zoom’s revenue for Q2 was $1.02 billion versus $990 million expected, while its earnings per share came in at $1.35, above the forecasted $1.16.
Revenue guidance was forecast at between $1.015 billion and $1.02 billion, with analysts predicting $1.013 billion. Earnings per share guidance for Q3 was between $1.07 and $1.08, with analysts expecting $1.09.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
The pandemic saw Zoom’s user growth surge as employees and students all moved online. The company reported a 458% rise in customers with 10 or more employees from Q2 to Q3 2020. However, that has slowed to 36% in Q2.
Ahead of yesterday’s Q2 release, JPMorgan warned that video collaboration app download data had declined.
However, customers paying over $100,000 are continuing to grow.
Zoom’s share price is down 11.65% at $307 premarket.
Should you invest in Zoom shares?
Tech stocks offer some of the best growth potential, but time and time again, traders and investors ask us “what are the best tech stocks to buy?” You’ve probably seen shares of companies such as Amazon and Netflix achieve monumental rises in the past few years, but there are still several tech stocks with room for significant gains. Here is our analysts view on the best tech stocks to buy right now
