The new date is August 23, 2022, 04:32pm.
After several Wall Street analysts lowered their rating on the stock, shares of the company plunged 15% on Tuesday.
The stock fell over 15% to under $82 per share a day after the company reported disappointing earnings.
The platform missed on revenue, coming in at $1.10 billion, short of analysts' expectations.
Revenue grew at an annual rate of 8% but slowed from 12% in the previous quarter as the company spent more on sales and marketing.
The negative impact of a strong U.S. dollar on revenue in the most recent quarter was cited by management, as well as warnings of macro dynamics and challenging economic conditions, as the company slashed its financial outlook for the rest of the year.
BTIG analysts on Tuesday lowered their rating on the video platform to a "neutral" from a "buy" and warned that the recent decline in profitability and cash flow is concerning as top-line growth slows further.
As the company faces increased competition, as well as economic pressures on small and medium-size businesses who use the product, analysts at Citi slashed their outlook for the company's shares to a sell rating.
The stock is down 21% this year, making it one of the worst performers in the tech-laden index. Peloton, Teladoc and Roku have all lost more than 60 percent of their value in the last two years.
After surging over 400% in 2020 as business turned to videoconferencing services during stay-at- home mandates, the stock fell 45% in 2021.
According to analysts at BTIG, the company has seen continued success in its enterprise business segment, with over 204,000 customers. The analysts led by Matt VanVliet wrote on Tuesday that the progress has been overshadowed by declines in the company's online business. The stock could struggle further due to the uncertain economic climate.
Eric Yuan, the founder of Zoom, saw his fortune decline on Tuesday as his company's stock price fell. According to Forbes calculations, Yuan's net worth is $4.5 billion, down from a peak of nearly 15 billion a year ago.
It is now the worst-performing stock in the S&P 500 as shares fall.
The bear market rally is grinding to a halt.