A rally in Zoom video communications (ZM) evaporated on Tuesday as analysts pondered fiscal 2022 guidelines and new announcements from Microsoft (MSFT) Zoom stock closed after generating fourth-quarter earnings and sales that significantly exceeded analyst estimates

Microsoft Teams video chat app is one of Zoom’s main competitors in the business market At its Ignite virtual conference on Tuesday, Microsoft unveiled new collaboration features for the video app Microsoft also unveiled Mesh at the developer conference , a new cloud mixed reality platform

Zoom Video initially jumped 74% to 440 in early trading today. Then Zoom Video’s stock fell 9% to close at 37279

San Jose, Calif.-based Zoom as of late Monday forecasts revenue of $ 3 billion in fiscal 2022, analysts had estimated revenue growth of 365% to $ 3 53 billion Zoom Video expects adjusted earnings of $ 362a Stock in the middle of its forecast versus analyst estimates of USD96

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Zoom said earnings were up 713% to $ 1.22 per share for the January quarter, when adjusted year over year, revenue increased 369% to $ 882 million, the company said

Analysts forecast Zoom earnings of 79 cents per share of revenue of $ 8118 million for the period ended January 31, the company said in January 467To have 100 business customers with more than 10 employees each 31 That is an increase from 433700 in the October quarter

For the current quarter ending April, Zoom forecasts revenue of $ 902 million vs. Analyst estimates of $ 830 million Zoom expects adjusted profit of 96 cents in the middle of its forecast versus estimates of 72 cents

Zoom’s cloud-based software sets up audio and video conferencing, with chat tools also available. Customers can also easily share content

Zoom stock rose sharply in 2020 as consumer and business usage increased amid the coronavirus crisis and stay-at-home guidelines, however, Zoom stock will struggle with tough year-over-year comparisons, as more and more employees are working in the office again

On the way to the profit report, the ZM share had a Relative Strength Rating of 87 out of a possible 99. Zoom Stock has yet to form a new basis that offers an entry point

Zoom has nearly $ 4 billion in cash on its balance sheet There is speculation that there could be a large acquisition, most likely in the business communications market

Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on 5G wireless, artificial intelligence, cybersecurity and cloud computing

8:23 ET
The Dow Jones was trading a little higher on today’s stock exchange after mitigating previous losses. The S&P 500 also came out

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Zoom Share, zm Share

World News – CA – Zoom Share Rally Evaporates As Analysts Mull Guidance, Microsoft Teams News

Source: https://www.investors.com/news/technology/zoom-stock-zm-zoom-earnings-guidance-2022/