A virtual confab designed to repair relations between the crypto industry and the Democratic Party turned ugly Thursday morning, underscoring the uphill battle progressive crypto advocates are having trying to glean industry support for the presidential candidacy of Kamala Harris, Fox Business has learned. The Zoom meeting was hosted by California Congressman Ro Khanna with the goal of mending fences during a contentious election year with a burgeoning industry that has been the target of a massive regulato ...

Group 1 - The virtual meeting aimed to improve relations between the crypto industry and the Democratic Party, particularly in support of Kamala Harris's presidential candidacy [1][2] - The meeting was hosted by Congressman Ro Khanna and included high-level Biden administration officials, indicating the importance of the discussion [2][3] - Industry executives expressed significant frustration over regulatory actions from the Biden administration, particularly from the SEC and Federal Reserve, highlighting a lack of support for the crypto sector [5][6] Group 2 - Attendees from the crypto side included notable figures such as Mark Cuban and executives from major companies like Ripple and Coinbase, showcasing the industry's interest in engaging with the government [4] - A tense moment arose when a crypto executive highlighted that nearly all industry representatives had been denied banking services due to White House policies, indicating a widespread issue within the sector [7] - Despite the friction, some industry leaders, like Anthony Scaramucci, remain optimistic about potential support for Harris from the crypto community, suggesting a possibility for future collaboration [7][8]

Shares of Zoom Video Communications (ZM) have gained 0.6% over the past four weeks to close the last trading session at $58.97, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $74.21 indicates a potential upside of 25.8%. The average comprises 24 short-term price targets ranging from a low of $55 to a high of $95, with a standard deviation of $9.66. While the lowest estimate ind ...

SAN JOSE, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ: ZM) today announced it will release its financial results for the second quarter of fiscal year 2025 on Wednesday, August 21, 2024, after the market closes. A live Zoom Webinar of the event can be accessed at 2:00 pm PT / 5:00 pm ET through Zoom's investor relations website at https://investors.zoom.us. A replay will be available approximately two hours after the conclusion of the live event. About Zoom Zoom's missi ...

The latest trading session saw Zoom Video Communications (ZM) ending at $60.09, denoting a +0.81% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily gain of 1.11%. Elsewhere, the Dow gained 1.64%, while the tech-heavy Nasdaq added 1.03%. It is also important to note the recent changes to analyst estimates for Zoom Video Communications. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estim ...

This company isn't growing right now but it needs to in order to move the needle. But can Zoom stock go up from here and outperform the market over the next five years? It does have some things in its favor. Moreover, Zoom is getting financially stronger because it's profitable. Since the company went public in 2019, its free cash flow and its book value have consistently increased. And it's not diluting its shareholders, either -- free cash flow and book value have increased on a per-share basis as well. T ...

The investment community will be paying close attention to the earnings performance of Zoom Video Communications in its upcoming release. On that day, Zoom Video Communications is projected to report earnings of $1.21 per share, which would represent a year-over-year decline of 9.7%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.15 billion, up 0.85% from the year-ago period. The video-conferencing company's shares have seen an increase of 5.14% over the last month, surpas ...

The mean estimate comprises 23 short-term price targets with a standard deviation of $9.78. While the lowest estimate of $55 indicates a 5.7% decline from the current price level, the most optimistic analyst expects the stock to surge 62.9% to reach $95. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts. However, an impressive consensus price target is not the only fac ...

fizkes/iStock via Getty Images Year to date, Zoom has shed nearly 20% of its value: underperforming the S&P 500 which has risen by nearly the same amount as Zoom has shot. Suprisingly, Zoom has continued to shed a tremendous amount of value since its last Q1 earnings release, despite the fact that the company raised its guidance outlook for the year. Guidance boost amid lowered valuation Zoom outlook (Zoom Q1 earnings deck) While Zoom isn't exactly growing anymore, neither is it in perpetual decline The one ...

In this market, Zoom Video (NASDAQ:ZM) is an intriguing pick. The tech company has some of the slowest growth rates among tech peers, but its high profit margins and low stock valuation make it highly compelling. Net cash makes up 40% of the market cap, and the company is repurchasing stock. Wall Street may be underestimating the possibility that growth returns as post-pandemic headwinds may eventually subside. Yet, the stock looks quite attractive even assuming anemic topline growth. I am upgrading the sto ...