Zoom Video Communications (NASDAQ:ZM) Releases Q4 Earnings Guidance

Zoom Video Communications (NASDAQ:ZM) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of ~$0.07 for the period, compared to the Thomson Reuters consensus estimate of $0.04. The company issued revenue guidance of $175.0 million and $176.0 million, compared to the consensus revenue estimate of $166.65 million.

ZM has been the subject of a number of recent analyst reports. Morgan Stanley set a $75.00 price objective on Zoom Video Communications and gave the company a hold rating in a report on Friday, August 30th. Zacks Investment Research cut Zoom Video Communications from a buy rating to a hold rating in a report on Saturday, November 9th. Citigroup reduced their target price on Zoom Video Communications from $90.00 to $75.00 and set a neutral rating on the stock in a report on Friday, October 18th. Stifel Nicolaus decreased their target price on Zoom Video Communications from $90.00 to $75.00 and set a hold rating for the company in a research report on Friday. They noted that the move was a valuation call. Finally, Credit Suisse Group lowered their price target on Zoom Video Communications from $90.00 to $80.00 and set a neutral rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have issued a buy rating to the company’s stock. Zoom Video Communications presently has a consensus rating of Hold and an average target price of $84.61.

Zoom Video Communications stock traded down $6.31 during midday trading on Friday, reaching $63.36. The stock had a trading volume of 9,071,033 shares, compared to its average volume of 2,490,768. The firm’s fifty day simple moving average is $69.07 and its 200-day simple moving average is $83.43. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.06. Zoom Video Communications has a 1-year low of $59.94 and a 1-year high of $107.34.

Zoom Video Communications (NASDAQ:ZM) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The firm had revenue of $166.60 million for the quarter, compared to analyst estimates of $156.23 million. The firm’s quarterly revenue was up 84.9% on a year-over-year basis. On average, analysts predict that Zoom Video Communications will post -0.03 earnings per share for the current fiscal year.

In other news, Director Kimberly Hammonds sold 3,125 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $70.00, for a total value of $218,750.00. Following the completion of the sale, the director now owns 19,922 shares of the company’s stock, valued at $1,394,540. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Roy Benhorin sold 100,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $70.05, for a total transaction of $7,005,000.00. In the last 90 days, insiders have sold 244,890 shares of company stock valued at $16,881,574.

Zoom Video Communications Company Profile

Zoom Video Communications, Inc provides a video-first communications platform that delivers changes how people interact primarily in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It connects people through frictionless video, voice, chat, and content sharing. The company's cloud-native platform enables face-to-face video experiences and connects users across various devices and locations in a single meeting.

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Earnings History and Estimates for Zoom Video Communications (NASDAQ:ZM)

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