Zoom Reports Financial Results for the Second Quarter of Fiscal Year 2022

Zoom Video (ZM) PT Lowered to $380 at Baird; 'Buy on Weakness'

Baird analyst William Power lowered the price target on Zoom Video (NASDAQ: ZM) to $380.00 (from $445.00) while maintaining an Outperform rating following results. The analyst is telling clients to "buy on weakness."

The analyst commented, "Yesterday afternoon ZM reported solid FQ2 results though... More

Zoom Video (ZM) PT Lowered to $350 at Mizuho Securities

Mizuho Securities analyst Siti Panigrahi lowered the price target on Zoom Video (NASDAQ: ZM) to $350.00 (from $400.00) while maintaining a Buy rating.

The analyst commented, "While Zoom surpassed expectations for the quarter, churn rising earlier-than-expected in the... More

Zoom Video (ZM) PT Lowered to $350 at Stifel

Stifel analyst Tom Roderick lowered the price target on Zoom Video (NASDAQ: ZM) to $350.00 (from $450.00) while maintaining a Hold rating.

The analyst commented, "On Monday after the market close, Zoom announced 2Q22 results that were highlighted by the achievement of multiple milestones,... More

Zoom Video (ZM) Delivers First $1 Billion Quarter, Shares Sink on Conservative Guidance and Small Biz Churn, Analysts Lower PTs

Shares of Zoom Video Communications (NASDAQ: ZM) are down 11% in pre-open Tuesday after Q2 results showed signs of a slowdown.

Zoom reported Q2 EPS of $1.36 to easily top the analyst estimate of $1.02. Sales for the quarter came in at $1.02 billion versus the consensus estimate of $990.9 million.

In Q2, we achieved our first billion dollar revenue quarter while delivering strong profitability... More

UPDATE: Zoom (ZM) Tops Q2 EPS by 34c

(Updated - August 30, 2021 4:10 PM EDT)

Zoom (NASDAQ: ZM) reported Q2 EPS of $1.36, $0.34 better than the analyst estimate of $1.02. Revenue for the quarter came in at $1.02 million versus the consensus estimate of $990.96 million.

GUIDANCE:

Zoom sees Q3 2022 EPS of... More