Zoom stock goes down - zoom stock goes down:

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Zoom Video Communications Inc (ZM) Stock Price & News - Google Finance - Why Zoom stock is selling off despite posting better-than-expected results. 

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Jan 12,  · Jan 12, AM EST. Zoom Video Communications (NASDAQ: ZM) was one of the market's favorite stocks during and the start of the pandemic. "Zooming" became commonplace, and the company saw. Feb 08,  · The videoconferencing leader's stock has been beaten down, but the company has some interesting opportunities ahead. Like most of the biggest pandemic-era winners, Zoom Video Conferencing (ZM May 28,  · Zoom stock formed a cup chart pattern over nearly eight months, hitting a low of on Oct. 23, , down 43% from its all-time high. ZM .      

- Zoom stock goes down - zoom stock goes down:

 

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Learn More. But Zoom says it has restored service to its customers, and now its stock is headed back toward where it started the day at least part of the way. As of p. EDT Monday, shares remained down 2. Reuters says some 17, Zoom users including my own child's fourth-grade class reported issues getting into their remote-learning classes this morning.

Zoom isn't saying what caused the outages, but zoom stock goes down - zoom stock goes down: that it has resolved the issue and is monitoring the services to make sure they remain operational. Zoom's quick fix is one reason the stock has managed to pare its losses from earlier in the day. And although the outage was sizable, it doesn't appear to have been universal. In April, Zoom stated that daily meeting participants on its network had grown to million, and four months later, that number is probably even higher.

T hat doesn't mean there zoom stock goes down - zoom stock goes down: million people logging on to Zoom every day. But total users probably number in the millions, so 17, is a drop in the bucket. Given that, I suspect the reason Zoom stock is still down at all today zoom stock goes down - zoom stock goes down: more to its extremely high valuation more than 1, times trailing earnings than to the relatively small number of outages suffered this morning.

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A tempest in an internet teapot tests Zoom's valuation. Image source: Getty Images. Zoom Video Communications. Motley Fool Returns Market-beating stocks from our award-winning service.

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