Zoom Shares Sink Despite Revenue Beat. Is It Time to Buy the Stock on the Dip as It Turns to AI to Drive Growth?
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A pandemic darling, Zoom Communications (NASDAQ: ZM) is well past its glory days when its stock was trading above $550 back in 2020. The company saw a lot of pull forward in demand during that time, and as a result, revenue growth has been much slower in the proceeding years.That slower growth was also evident in the company's most recent quarter. While its results topped analyst estimates, investors were still looking for more from the company. The stock price fell on news of the results and is now up about 15% on the year (as of this writing).Let's zoom into Zoom's most recent results to see whether the company has the opportunity for a turnaround after the most recent dip in its stock price.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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