Zoom Faces Post-Pandemic Woes: Can Earnings Save The Day?
Zoom(ZM) Benzinga·2024-08-20 00:22
Cathie Wood's Ark Invest made headlines by offloading 161,836 shares of Zoom Video Communications Inc. ZM just ahead of the company's second quarter earnings report. The sale, valued at approximately $9.1 million, signals a potential red flag for the video-conferencing giant, which has seen its stock price dip nearly 14% year-to-date. Earnings To The Rescue? Zoom is set to report its second-quarter earnings on Aug. 21, with Wall Street expecting $1.21 in EPS and $1.1 billion in revenue. Despite the pressure ...