Risk/Reward Rating: Negative
Zoom Video Communications (Zoom) reported strong earnings and revenue growth for Q2 of fiscal 2022 (the period ending July 31, 2021) after the market closed on August 30, 2021. The stock price responded by plunging over 16% the following day as future growth is forecasted to decelerate rapidly from the COVID-inspired business boom. In fact, the forecast for Q3 of 2022 is for stagnating sales compared to Q2 with the possibility of declining sequential revenue in Q4.
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