Zoom stock slips as Citi opens up downside catalyst watch
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Zoom Video Communications (NASDAQ:ZM) fell 2% in premarket trading on Monday as Citi opened up a downside catalyst watch, citing worries about negative data points that could hurt the company's growth rate even further.
Analyst Tyler Radke, who already rates Zoom (ZM) shares a sell, pointed to a recent survey that suggested an "incremental de-prioritization" in spending for unified communications as a service and overall videoconferencing spending.

Radke also noted that Zoom (ZM) may face other challenges, including rising competition from an expanded Microsoft (MSFT), Cisco (CSCO) partnership. Additionally, web traffic data trends have continued to deteriorate since January and there may be issues from the "sudden termination" of former President Greg Tomb last month, Radke posited.