|Bid||107.00 x 1200|
|Ask||107.49 x 800|
|Day's Range||103.32 - 109.92|
|52 Week Range||79.03 - 357.93|
|Beta (5Y Monthly)||-0.61|
|PE Ratio (TTM)||25.22|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Yahoo Finance Live anchors discuss the slide in Zoom stock after Citi downgraded its shares.
The catalyst that sent the teleconferencing stock lower was negative analyst commentary that painted a pretty bleak picture. Citi analyst Tyler Radke downgraded Zoom Video Communications stock to sell from neutral (hold), while assigning a $91 price target, according to The Fly. Ongoing macroeconomic weakness and uncertainty is taking a toll on small- and medium-size businesses (SMBs), a prime growth area for Zoom.
Citi doesn't like what it sees ahead of Zoom's Aug. 22 earnings report.