Zoom’s Post-Pandemic Slowdown Keeps Stock in Check
- Analysts expect Zoom to report smallest-ever increase in sales
- Stock has fallen even as tech stocks rebounded from June low
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The days of virtual happy hours are long past now that most of the world has moved on from Covid-19 lockdowns. Zoom Video Communications Inc. is still paying the price in its income statement and in the stock market.
Analysts predict the video-conferencing company, which went public in 2019, will report its smallest-ever increase in quarterly revenue late Monday. And Zoom’s shares have missed the big rally in technology stocks since mid-June, dropping 7.8% versus a 17% surge for the Nasdaq 100 Index.