Advertisement
Singapore markets close in 1 hour 41 minutes
  • Straits Times Index

    3,191.82
    +37.13 (+1.18%)
     
  • Nikkei

    38,079.70
    +117.90 (+0.31%)
     
  • Hang Seng

    16,409.19
    +157.35 (+0.97%)
     
  • FTSE 100

    7,878.17
    +30.18 (+0.38%)
     
  • Bitcoin USD

    61,324.93
    -2,150.22 (-3.39%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,022.21
    -29.20 (-0.58%)
     
  • Dow

    37,753.31
    -45.66 (-0.12%)
     
  • Nasdaq

    15,683.37
    -181.88 (-1.15%)
     
  • Gold

    2,393.40
    +5.00 (+0.21%)
     
  • Crude Oil

    82.63
    -0.06 (-0.07%)
     
  • 10-Yr Bond

    4.5850
    0.0000 (0.00%)
     
  • FTSE Bursa Malaysia

    1,546.42
    +6.00 (+0.39%)
     
  • Jakarta Composite Index

    7,169.02
    +38.18 (+0.54%)
     
  • PSE Index

    6,523.19
    +73.15 (+1.13%)
     

Why Zoom Video Communications Stock Hit the Skids Tuesday Morning

The catalyst that sent the teleconferencing stock lower was negative analyst commentary that painted a pretty bleak picture. Citi analyst Tyler Radke downgraded Zoom Video Communications stock to sell from neutral (hold), while assigning a $91 price target, according to The Fly. Ongoing macroeconomic weakness and uncertainty is taking a toll on small- and medium-size businesses (SMBs), a prime growth area for Zoom.