ZOOM STOCK FORECAST 2022 SOFTWARE

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As InvestorPlace contributor Faizan Farooque notes, there is also increasing competition from companies like Microsoft (NASDAQ: MSFT), whose Team Essentials package poses a new threat.

ZOOM STOCK FORECAST 2022 SOFTWARE

Workers are returning to their offices (at least in part) and companies are scaling back their investments in software packages like Zoom. It was predicted that Zoom’s revenue growth would slow down in the final quarter of 2021 as the world shifted away from pandemic measures. It was also reported that Zoom had seen its customer base decrease from 512,000 to 509,800 in Q4. This comes up short against the analyst prediction of $4.36 on $4.71 billion in revenue. For fiscal 2023, management forecast earnings of $3.48 per share at the midpoint on $4.54 billion revenue. The company issued a weaker-than-expected revenue forecast not just for the first quarter but for the entire fiscal year. To make a long story short, the results were disappointing. Yesterday, Zoom reported earnings for the final quarter of 2021. ZM Stock: A Disappointing Earnings Report ZM stock’s recent performance, however, does little to inspire investor confidence. InvestorPlace contributor Tezcan Gecgil recently named the stock an undervalued buy after the market selloff. Zoom’s prices have been firmly in the red for a while they have fallen 57% over the last six months.

Zoom stock forecast 2022