Using Trading Central's Market Buzz for understanding market moves, Zoom Video Communications (ZM) has been identified as an interesting choice.
TC Market Buzz has identified Buzzing news volume over the last 24 hours,with 44 mentions. Overall mentions represent the number of publications in the past 24 hours that mention the subject, along with a descriptor indicating how it compares to the 7-day average. Please note, thanks to the second chart, the increase in volumes since 48 hours ago.
Into main Most Discussed Topics widget, we find "Earnings Announcement" & "Earnings Above Expectations" as the company expects sales for the 2025 financial year to be between 4.63 and 4.64 billion dollars, compared with the 4.61 and 4.62 billion dollars previously forecast. Second-quarter sales came in at $1.16 billion, ahead of the consensus figure of $1.15 billion. The company posted adjusted earnings per share of 1.39 dollar, also beating the consensus of 1.21 dollar.
On the sentiment side, the orientation of the news headlines is signaling a bullish sentiment score of 79 (very positive). The Sentiment Score indicates how the crowd feels about a financial instrument, ranging from "very negative" to "very positive". Please note that a grade above 55 is a buy signal.
Meanwhile, the subjectivity widget is considered as "Low" (26). The subjectivity index measures how rational the crowd's opinion of an entity is,which can be helpful in identifying market bubbles. Its score ranges from 0 (very rational) to 100 (very irrational).
Beside, from a top-down approach perspective, we can also notice the whole sector & peers are doing well with bullish Sentiment Signals and strong Sentiment Scores.
Regarding technical analysis, from a daily point of view, prices recently broke above a declining trend line drawn from December 2023 before confirming (on very strong buying volumes) a bullish reversal pattern called a "double-bottom". Therefore, the stock now aims, at least, 74.2 dollars (a strong horizontal resistance in place since March 2023.
Powered by TC Labs, TC Market Buzz helps investors read less and know more,solving today’s infobesity problem. With an interactive and modern design, Buzzshows investors which stocks and topics are "buzzing", delivering a smarter news experience.
