Zoom Stocks Tumble as Growth Slow Down Post-pandemic

 


                                                     Original Content: Business Upside

Shares of Zoom Video Communications Inc. plunged 12% Tuesday after the company reported a lower than the projected number of customers for the second consecutive quarter, raising concerns about the growth of the video conferencing company as more schools and offices open back. 

As per a statement issued by the San Jose-based Zoom, the company had 512,100 companies with more than ten employees as their customers in the third quarter, an 18% increase compared to last year. This, however, missed out on the 516,174 average analyst estimates as per Bloomberg data.

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