Zoom Shares Down 90 Percent From Peak as Pandemic Boom Fades

Zoom Shares Down 90 Percent From Peak as Pandemic Boom Fades
A 3D printed Zoom logo is placed between small toy people figures and a keyboard in this illustration taken on April 12, 2020. Dado Ruvic/Reuters
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Shares of Zoom Video Communications Inc. have tumbled about 90 percent from their pandemic peak in October 2020 as the former investor darling struggles to adjust to a post-COVID-19 world.

The stock was down nearly 10 percent on Tuesday after the company cut its annual sales forecast and posted its slowest quarterly growth, prompting at least six brokerages to cut their price targets.