Zoom Stock Flatlines Ahead of Earnings

Yesterday, the stock passed the $300 mark for the first time

Deputy Editor
Aug 27, 2020 at 3:11 PM
facebook X logo linkedin

The shares of Zoom Video Communications Inc (NASDAQ:ZM) are down 0.09% to trade at $295, at flatline ahead of its second-quarter earnings report -- due out after the close on Monday. Yesterday, the stock surpassed the $300 mark for the first time, though losing steam to close the day lower. Currently, ZM is still seeing resistance at the $302 region, and is up 334.1% year-to-date. 

ZM August 27

In the past five quarterly reports, three of ZM's post-earnings sessions were positive, including a 7.6% pop in early June. The security averaged a next-day return of 10.2%, regardless of direction, which is much smaller than the 15.4% move the options market is pricing in this time around. 

ZM has been seeing bullish activity in the options pits ahead of these earnings. The stock's 10-day call/put volume ratio of 3.32 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) sits higher than 81% of readings from the past year. This means calls are being picked up at a faster-than-usual pace. 

On the analyst front, 10 sport a "buy" or better rating, 10 a tepid "hold," and one a "strong sell." Meanwhile, the 12-month consensus price target of $234.11 is a 21.1% discount to current levels.  



Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI