Million

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>ZM stock price experienced a bearish market trend as the company recently reported its Q2 earnings.</a> </li> 
 <li> <span>2</span> <a>As the share fell, Cathie Wood added more ZM stock to her stock list.</a> </li> 
</ul> 
<p>ZM stock price dropped the next day after reporting its recent Q2 2023 result with over 13 Million volume in a day. However, it is quite similar to when Zoom Video Communications reported its quarter result, its share price dropped the next day with quite a good volume. According to its last two earnings reports, ZM stock price continued a bearish trend after two days of earnings.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/Ut6qxvGFtiPzMirLGIYVWR_lrfcp53geEn6Li9N8rp3li7ohirOQmxPm_QuG3EEJlj7olNEia-k_KMPYnyUMyU_HsbhClbCyBRt5KbVdu2NBQtZ3rvDDEnZqw3VQyJHCrAZ5-M3KyM3pX8L2b8RcSw" alt="ZM Stock: Zoom Stock Price Fell After Reporting Q2 Earnings" style="width: 100%;height:302px" width="1203" height="302"> 
  <figcaption class="wp-element-caption"> <strong>Source: TradingView</strong> 
  </figcaption> 
 </figure> 
</div> 
<p>In the packaged software industry stocks, ZM stock prices have shown “strong sell” in one-day technical ratings. The one-day volume experienced in Zoom shares was 13.083 Million. Meanwhile, Forian Inc. (NASDAQ: FORA), Zerofox Holdings Inc. (NASDAQ: ZFOX), and Motorsport Games Inc. (NASDAQ: MSGM) stock prices have also shown similar technical ratings in a day.</p> 
<h2 class="wp-block-heading" id="strong-zm-stock-price-performance-strong"><strong>ZM Stock Price Performance</strong></h2> 
<p>On the next day after reporting Q2 2023 earrings on August 21, 2023, ZM stock price fell 2.14% and lost $1.44 while the closing was at $65.83. Zoom stock price traded in between the price of $67.37 to $63.58 in the recent trading session. This price decline also shows the potential dominance of active bears during intraday trading activity.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/OxHHEY4pYZ0SaKxl-hSTgTNQLw1Wb-RLHE7tw4jYKwU0zVzL6NHRoE5SZkIP-nWmPXvkjywZ3a-ZyZC1RkP318n2NnGd1QI226Xj266x7OvUB2cgJ1VX-ZCBKh_16_COkCPDLp23A4HlotSf1nf5pw" alt="ZM Stock: Zoom Stock Price Fell After Reporting Q2 Earnings"> 
  <figcaption class="wp-element-caption"> <strong>Source: ZM/USD by </strong><a href="https://www.tradingview.com/x/1huHU3mg/" rel="noopener noreferrer nofollow"><strong>TradingView</strong></a> 
  </figcaption> 
 </figure> 
</div> 
<p>Meanwhile, due to increased activity, bears took their share price slightly down from its 20-day moving average. However, in the last year, ZM <a href="https://www.thecoinrepublic.com/2023/08/22/meta-stock-will-meta-platforms-stock-price-surpass-291-00/" rel="noopener noreferrer nofollow">stock price</a> has shown a downward trend with over 32% price decline. On the other hand, its year-to-date price decline dropped by nearly 4%.</p> 
<h3 class="wp-block-heading" id="strong-cathie-wood-s-zm-stock-purchase-strong"><strong>Cathie Wood’s ZM Stock Purchase</strong></h3> 
<p>A recent Bloomberg report released on August 23, 2023, states that Cathie Wood, an American investor and the founder of ARK Invest, bought more Zoom stock. Her buying was done when ZM’s share price fell on August 22, 2023, Tuesday, in the wake of the video-conferencing company’s results.</p> 
<p>The report further states that “two funds run by Wood’s Ark Investment Management LLC bought a total of 122,831 shares of Zoom.” According to daily trading data compiled by Bloomberg, it made the first purchase of the stock in about two months by Ark Investment Management.</p> 
<h4 class="wp-block-heading"><strong>Q2 2023 Earnings Highlights of Zoom Video Communications</strong></h4> 
<p>Zoom Video Communications Inc. (NASDAQ: ZM), a communications technology company, reported its Q2 2023 earnings result this Tuesday, August 22nd. As per its recent quarter report, its net income is $181.97 Million and its price-to-sales ratio is 4.61. ZM’s price-to-sales ratio is 4.61 whereas the company has an Enterprise Value to EBITDA ratio of 30.93.</p> 
<p>The Q2 2023 report also highlighted that its earnings per <a href="https://www.thecoinrepublic.com/2023/08/21/xom-stock-price-analysis-indicates-strong-buy-technical-rating/" rel="noopener noreferrer nofollow">share </a>(EPS) is $1.34 whereas the estimation was $1.06 which accounts for a 26.58% surprise. Additionally, the revenue for the similar quarter amounts to $1.14 Billion despite the estimated figure of $1.11 Billion. For the upcoming quarter, the estimated EPS of ZM is $1.08 and revenue is expected to reach $1.12 Billion.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

ZM Stock: Zoom Stock Price Fell After Reporting Q2 Earnings

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