‘Zoom Video Communications Inc (NASDAQ:ZM) to exit Nasdaq 100 index in 2023, but remains a strong and resilient company\n\nZoom Video Communications Inc. will no longer be a part of the Nasdaq 100 index in 2023, as its stock performance has lagged behind significant equity benchmarks. The company, which saw a surge in its shares during the pandemic, has experienced slowed growth and increased competition from Microsoft Corps (NASDAQ:MSFT) Teams. This has resulted in single-digit sales expansion for over a year, a stark contrast to its triple-digit growth during the pandemic. Other pandemic-era high performers like Peloton Interactive Inc. (NASDAQ:PTON) and Teladoc Health Inc. (NYSE:TDOC) have also failed to keep pace with this year’s stock rally, experiencing substantial declines. DocuSign Inc (NASDAQ:DOCU), similarly affected by slowed growth, is reportedly exploring a sale. Being part of the Nasdaq 100 typically enhances a company’s visibility and trading liquidity, but Zoom and six other companies are exiting the index during its annual update.\n\nWall Street analysts have become more cautious about Zoom, with a majority now holding a “hold” rating on the stock. Revenue growth is expected to remain modest in the coming years. As the cultural relevance of Zoom diminishes, the company is diversifying its offerings, including contact center software and persistent chat features, alongside its primary video conferencing service. Zoom Phone has reached 7 million paid users, but these new services have yet to significantly boost revenue growth. Zoom is also exploring acquisitions for growth, including revisiting a potential acquisition of Five9 Inc (NASDAQ:FIVN). In contrast to Zoom’s downturn, other stay-at-home stocks like Roku Inc. (NASDAQ:ROKU) and Netflix Inc. (NASDAQ:NFLX) have seen substantial gains, with DoorDash Inc. (NASDAQ:DASH) making it to the Nasdaq 100 after a 108% climb.\n\n The recent decline in its stock performance, Zoom remains a strong and resilient company. Its strategic initiatives continue to yield impressive results, further solidifying its position in the media industry.’
‘Zoom Video Communications Inc (NASDAQ:ZM) to exit Nasdaq 100 index in 2023, but remains a strong and resilient company\n\nZoom Video Communications Inc. will no longer be a part of the Nasdaq 100 index in 2023, as its stock performance has lagged behind significant equity benchmarks. The company, which saw a surge in its shares during the pandemic, has experienced slowed growth and increased competition from Microsoft Corps (NASDAQ:MSFT) Teams. This has resulted in single-digit sales expansion for over a year, a stark contrast to its triple-digit growth during the pandemic. Other pandemic-era high performers like Peloton Interactive Inc. (NASDAQ:PTON) and Teladoc Health Inc. (NYSE:TDOC) have also failed to keep pace with this year’s stock rally, experiencing substantial declines. DocuSign Inc (NASDAQ:DOCU), similarly affected by slowed growth, is reportedly exploring a sale. Being part of the Nasdaq 100 typically enhances a company’s visibility and trading liquidity, but Zoom and six other companies are exiting the index during its annual update.\n\nWall Street analysts have become more cautious about Zoom, with a majority now holding a “hold” rating on the stock. Revenue growth is expected to remain modest in the coming years. As the cultural relevance of Zoom diminishes, the company is diversifying its offerings, including contact center software and persistent chat features, alongside its primary video conferencing service. Zoom Phone has reached 7 million paid users, but these new services have yet to significantly boost revenue growth. Zoom is also exploring acquisitions for growth, including revisiting a potential acquisition of Five9 Inc (NASDAQ:FIVN). In contrast to Zoom’s downturn, other stay-at-home stocks like Roku Inc. (NASDAQ:ROKU) and Netflix Inc. (NASDAQ:NFLX) have seen substantial gains, with DoorDash Inc. (NASDAQ:DASH) making it to the Nasdaq 100 after a 108% climb.\n\n The recent decline in its stock performance, Zoom remains a strong and resilient company. Its strategic initiatives continue to yield impressive results, further solidifying its position in the media industry.’$DOCU2023-12-20T06:53:37.491Z
