ZOOM MEDIA (ZM)
EARNINGS RELEASE - AUGUST 31 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .45/share REV: 500.4/M
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NEXT QTR: EPS: .35/share REV: 492.9/M
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FULL YR: EPS: 1.30/share REV: 1,810/M
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LAST QTR: EPS: .09/share ACTUAL: .20/share (BEAT)
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BEAT/MISS RECORD: 100% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 7.87, 11.15, -10.85
EXPECTED JUMP MOVE THIS QUARTER: 6-10%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before tradin
Links To Latest News and Headlines
Tuesday was a mixed day for the stock market, but the Nasdaq Composite (NASDAQINDEX: ^IXIC) came out on top by midafternoon. The Nasdaq was up two-thirds of a percent as of 1:30 p.m. EDT today even as some other major market benchmarks remained down on the day. Investors were surprised in 2020 when the Nasdaq was able to mount such a huge gain even during the worst of the pandemic.
Shares of Zoom Video Communications (NASDAQ: ZM) were up today on news that the Food and Drug Administration and the U.S. Centers for Disease Control and Prevention were recommending that the use of the Johnson & Johnson vaccine be paused. The two U.S. agencies released a statement today saying that they were reviewing a handful of instances of severe blood clotting that occurred after six individuals took the Johnson & Johnson vaccine.
The stay-at-home stocks quickly came back into favor on news of a setback with Johnson & Johnson’s single-dose COVID-19 vaccine.
In 2011, Eric Yuan left Cisco Systems (NASDAQ: CSCO) after realizing that customers were dissatisfied with the company’s collaboration solutions. Believing he could create a better product, one that would make customers happy, he founded Zoom Video Communications (NASDAQ: ZM).
Zoom Video Communications (ZM) closed at $321.51 in the latest trading session, marking a -0.35% move from the prior day.
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