Zoom Video Communications sales to businesses are holding up better than expected, but investors should be wary of how the macroeconomic environment will affect spending, KeyBanc’s Thomas Blakey wrote in a research note.
Zoom Video Communications sales to businesses are holding up better than expected, but investors should be wary of how the macroeconomic environment will affect spending, KeyBanc’s Thomas Blakey wrote in a research note.
Zoom Video Communications is struggling to join in this year’s rally in technology stocks. Even a surprise earnings beat didn’t seem enough to dispel concerns about lower corporate spending and competition from rivals such as Microsoft.