Zoom Faces Post-Pandemic Woes: Can Earnings Save The Day?
ZMZoom(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 9.1million,signalsapotentialredflagforthevideo−conferencinggiant,whichhasseenitsstockpricedipnearly149.1 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 f ...