In the last week ZOOM has seen a nice reversal on indicators and price action. As from early August we were quite bearish as volume was declining considerably but we are now neutral on the stock and see it as much to high of risk to trade this into earnings.
AVERAGE ANALYSTS PRICE TARGET $86
AVERAGE ANALYSTS RECOMMENDATION HOLD
P/E RATIO
SHORT INTEREST 35%
COMPANY PROFILE
Zoom Video Communications, Inc. engages in the provision of video-first communications platform. It connects people through frictionless video, voice, chat and content sharing, and enable face-to-face video experiences for thousands of people in a single meeting across disparate devices and locations. It focuses on customer and employee happiness, a video-first cloud architecture, recognized market leadership, viral demand, an efficient go-to-market strategy, and robust customer support. The company was founded by Eric S. Yuan in 2011 and is headquartered in San Jose, CA.
AVERAGE ANALYSTS PRICE TARGET $86
AVERAGE ANALYSTS RECOMMENDATION HOLD
P/E RATIO
SHORT INTEREST 35%
COMPANY PROFILE
Zoom Video Communications, Inc. engages in the provision of video-first communications platform. It connects people through frictionless video, voice, chat and content sharing, and enable face-to-face video experiences for thousands of people in a single meeting across disparate devices and locations. It focuses on customer and employee happiness, a video-first cloud architecture, recognized market leadership, viral demand, an efficient go-to-market strategy, and robust customer support. The company was founded by Eric S. Yuan in 2011 and is headquartered in San Jose, CA.