Zoom is set to report earnings for the 1st time since the lockdownsPublished by Terence Mahier | Source
Tonight, Zoom will report its fiscal Q1 Earnings ending in April, a moment of truth for the "plague" stock that has seen its valuation tripled since Jan. ($56B) with its shares rising +200% 🚀
Zoom is the king of the stay-at-home stock and investors have put a lot of hope on its ability to become the leader in video-conferencing amid a generalization of home office 👑
The company has seen usage surge, although many people are relying on free versions of the software. Zoom also continues to combat concerns about the security of its platform 🧐
Zoom seems unstoppable, but tonight, all investors' eyes will be on monetization KPIs 💸
Zoom surged by 13% yesterday after anouncing that they will begin rolling out stronger encryption to prevent so-called “Zoombombing” by uninvited guests to conferences 💪
The enthusiasm around the company is strong enough that a short play seems risky. However, the stock is above every published Wall Street target price and more than $75 above the average target of $121.42 😏
Do you think it can still go up or that results will disappoint investors?
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- Newspill Team 💊
02-Jun 08:58 (Eastern Time)
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