Zoom Video Communications (NASDAQ:ZM) is scheduled to announce its earnings results after the market closes on Monday, March 1st. Analysts expect the company to announce earnings of $0.51 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Zoom Video Communications (NASDAQ:ZM) last posted its quarterly earnings results on Sunday, November 29th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.23. The business had revenue of $777.20 million during the quarter, compared to the consensus estimate of $694.13 million. Zoom Video Communications had a net margin of 17.10% and a return on equity of 27.93%. The firm’s revenue for the quarter was up 366.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 earnings per share. On average, analysts expect Zoom Video Communications to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Zoom Video Communications stock opened at $417.26 on Monday. The company has a market capitalization of $119.34 billion, a PE ratio of 534.95, a P/E/G ratio of 12.42 and a beta of -1.46. The firm has a fifty day simple moving average of $385.20 and a two-hundred day simple moving average of $404.38. Zoom Video Communications has a twelve month low of $97.02 and a twelve month high of $588.84.
A number of equities analysts have issued reports on ZM shares. Morgan Stanley boosted their price objective on shares of Zoom Video Communications from $350.00 to $380.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 1st. Royal Bank of Canada decreased their price objective on shares of Zoom Video Communications from $600.00 to $550.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 1st. Rosenblatt Securities decreased their price objective on shares of Zoom Video Communications from $450.00 to $435.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 1st. Credit Suisse Group boosted their price objective on shares of Zoom Video Communications from $315.00 to $340.00 and gave the company an “underperform” rating in a research report on Tuesday, December 1st. Finally, JPMorgan Chase & Co. cut shares of Zoom Video Communications from an “overweight” rating to a “neutral” rating and set a $450.00 price objective on the stock. in a research report on Wednesday, December 9th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $435.17.
In other news, Director Jonathan Chadwick sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 15th. The shares were sold at an average price of $400.40, for a total value of $4,004,000.00. Following the transaction, the director now owns 10,000 shares in the company, valued at $4,004,000. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Bart Swanson sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, February 1st. The stock was sold at an average price of $368.45, for a total transaction of $736,900.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at approximately $736,900. The disclosure for this sale can be found here. In the last 90 days, insiders sold 152,284 shares of company stock worth $59,679,622. Corporate insiders own 24.25% of the company’s stock.
About Zoom Video Communications
Zoom Video Communications, Inc provides a video-first communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company's product portfolio includes Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system that provides secure call routing, call queuing, call detail reports, call recording, call quality monitoring, voicemail, switch to video, and other services, as well as inbound and outbound calling services; and Zoom Chat enables sharing messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices for meeting and phone customers.
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