Zoom Video Communications Inc (NASDAQ: ZM ) fell 4% midday as quarterly results that beat on both the top and bottom lines were offset by the first quarter and full-year guidance that pointed to slowing normalizing demand for video conferencing software.RBC cut its price target on Zoom to $200 from $300 as guidance signaled a "material revenue deceleration," but the bank kept its outperform rating on the stock amid expectations that "sentiment may be close to bottoming out." Lucid reported wider-than-expected loss as revenue fell short of estimates sending its shares more than 15% lower. Economic data, meanwhile, showed U.S. manufacturing activity was stronger than expected in February, though supply-chain woes continue to persist. "The data does not reflect too much progress in the struggle to rebuild inventories and clear order backlogs," Jefferies said in a note.