Zoom Video Communications (NASDAQ:ZM) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of ~$0.07 for the period, compared to the Thomson Reuters consensus EPS 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.
A number of equities analysts have recently issued reports on ZM shares. FBN Securities began coverage on shares of Zoom Video Communications in a research report on Tuesday, September 10th. They set a sector perform rating and a $85.00 target price on the stock. Stephens reissued an overweight rating and issued a $115.00 price target on shares of Zoom Video Communications in a report on Thursday, August 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Zoom Video Communications from $113.00 to $125.00 and gave the stock an overweight rating in a research report on Friday, September 6th. Zacks Investment Research downgraded Zoom Video Communications from a buy rating to a hold rating in a report on Saturday, November 9th. Finally, Citigroup reduced their price objective 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. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Zoom Video Communications presently has a consensus rating of Hold and an average target price of $88.61.
Shares of Zoom Video Communications stock traded down $0.29 during trading on Thursday, reaching $69.67. The stock had a trading volume of 3,868,564 shares, compared to its average volume of 2,490,768. The stock has a fifty day moving average price of $69.07 and a two-hundred day moving average price of $83.43. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.00 and a current ratio of 4.00. Zoom Video Communications has a 52 week low of $59.94 and a 52 week high of $107.34.
Zoom Video Communications (NASDAQ:ZM) last announced its earnings results on Thursday, September 5th. The company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.10. The business had revenue of $145.80 million for the quarter, compared to analyst estimates of $130.55 million. The business’s revenue for the quarter was up 95.7% compared to the same quarter last year. Equities analysts predict that Zoom Video Communications will post -0.03 earnings per share for the current fiscal year.
In related news, insider Aparna Bawa sold 20,000 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $66.51, for a total transaction of $1,330,200.00. Also, CMO Janine Pelosi sold 6,196 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $65.77, for a total value of $407,510.92. Insiders sold a total of 244,890 shares of company stock worth $16,881,574 over the last quarter.
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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