{"id":333170,"date":"2021-08-31T21:25:05","date_gmt":"2021-08-31T18:25:05","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/zoom-shares-tank-16-as-company-warns-growth-slowing\/"},"modified":"2021-08-31T21:25:05","modified_gmt":"2021-08-31T18:25:05","slug":"zoom-shares-tank-16-as-company-warns-growth-slowing","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/zoom-shares-tank-16-as-company-warns-growth-slowing\/","title":{"rendered":"#Zoom shares tank 16% as company warns growth slowing"},"content":{"rendered":"<p>&#8220;<strong>#Zoom shares tank 16% as company warns growth slowing<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>You\u2019re not the only one who\u2019s getting sick of Zoom.<\/p>\n<p>Investors soured on the video conferencing giant Tuesday and sent its shares plummeting after the company warned investors that its growth is slowing down.<\/p>\n<p>Zoom shares were down 15.8 percent at $272.80 around noon on Tuesday, according to MarketWatch data.<\/p>\n<p>The decline came after the company posted $1.02 billion in revenue during the second quarter \u2014 marking its first billion-dollar quarter and beating analysts\u2019 expectations.\u00a0<\/p>\n<p>But investors seemed more focused on the company\u2019s bleaker third quarter forecast than its second quarter results.\u00a0<\/p>\n<p>Zoom said that it expected to take in $1.015 billion and $1.02 billion during the quarter ending Sept. 30. That means revenue growth would either stay unchanged or fall during the second and third quarters, spooking investors who have become accustomed to quarter after quarter of blockbuster growth during the pandemic.\u00a0<\/p>\n<p>\u201cWe had expected [a slowdown] towards the end of the year, but it\u2019s just h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ened a little bit more quickly than we expected,\u201d Chief Financial Officer Kelly Steckelberg told investors in an earnings call.\u00a0<\/p>\n<figure class=\"wp-block-image size-large is-style-default\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/zoom-stock-down-02.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Zoom headquarters\" class=\"wp-image-19301650\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/zoom-stock-down-02.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/zoom-stock-down-02.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/zoom-stock-down-02.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>The decline came after the company posted $1.02 billion in revenue during the second quarter \u2014 marking its first billion-dollar quarter and beating analysts\u2019 expectations.\u00a0<\/figcaption><figcaption><span class=\"credit\">Gado via Getty Images<\/span><\/figcaption><\/figure>\n<p>San Jose, California-based Zoom has experienced blistering growth during the pandemic, rocketing from an obscure firm at the beginning of 2020 to a household name just months later.<\/p>\n<p>The company\u2019s stock surged from just $67.28 at the beginning of 2020 to $559 last October. It has since declined by nearly half amid vaccinations and reopenings. \u00a0<\/p>\n<p>Competition from legacy platforms such as Cisco\u2019s Webex and Microsoft Teams has also dented Zoom\u2019s efforts to grow by winning bigger contracts from businesses.<\/p>\n<figure class=\"wp-block-image size-large is-style-default\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/zoom-stock-down-03.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"A Zoom call\" class=\"wp-image-19301660\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/zoom-stock-down-03.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/zoom-stock-down-03.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/zoom-stock-down-03.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Investors have become accustomed to quarter after quarter of blockbuster growth from Zoom during the pandemic.<\/figcaption><figcaption><span class=\"credit\">Corbis via Getty Images<\/span><\/figcaption><\/figure>\n<p>Analysts said the company would try to jumpstart growth by aggressively spending on expansion and ramping up its platform and Zoom Phone \u2014 its cloud-calling product for businesses.<\/p>\n<p>Zoom recently announced the buyout of call-center software maker Five9 for $14.7 billion in its largest deal, as well as Kites GmbH, a firm that helps in real-time language translation.<\/p>\n<figure class=\"wp-block-image size-large is-style-default\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/zoom-stock-down-01.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"\" class=\"wp-image-19301675\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/zoom-stock-down-01.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/zoom-stock-down-01.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/zoom-stock-down-01.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>\u201cWe had expected [a slowdown] towards the end of the year, but it\u2019s just happened a little bit more quickly than we expected,\u201d Zoom\u2019s Chief Financial Officer Kelly Steckelberg told investors in an earnings call.\u00a0<\/figcaption><figcaption><span class=\"credit\">Boston Globe via Getty Images<\/span><\/figcaption><\/figure>\n<p><em>With Post wires<\/em>\n                        <\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2021\/08\/31\/zoom-shares-tank-16-as-company-warns-growth-slowing\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Zoom shares tank 16% as company warns growth slowing&#8221; You\u2019re not the only one who\u2019s getting sick of Zoom. Investors soured on the video conferencing giant Tuesday and sent its shares plummeting after the company warned investors that its growth is slowing down. Zoom shares were down 15.8 percent at $272.80 around noon on Tuesday,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":333171,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/zoom-stock-down-05.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[115157,70359,5031,70844],"class_list":["post-333170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-8-31-21","tag-stocks","tag-the-workplace","tag-zoom"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/333170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=333170"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/333170\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/333171"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=333170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=333170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=333170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}