UPDATE: Zoom (ZM) Tops Q2 EPS by 34c
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Zoom Video (ZM) PT Lowered to $380 at Baird; 'Buy on Weakness'
August 31, 2021 7:58 AM EDTBaird 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
August 31, 2021 6:21 AM EDTMizuho 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
August 31, 2021 6:19 AM EDTStifel 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
August 31, 2021 5:54 AM EDTShares 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
Zoom's (ZM) Q2 Conference Call Highlights: Zoom Apps, Zoom Events, Zoom Phone, and more
August 30, 2021 5:55 PM EDTZooms (NASDAQ: ZM) Founder and CEO, Eric Yuan spoke during Zoom's Second Quarter Fiscal Year 2022 Earnings Webinar on the milestones the company was able to achieve during the quarter, which set the foundation for the company to thrive as a platform. Yuan mentioned Zoom Apps, launched in July, which brings over 50 apps right into the Zoom meeting experience. According to Yuan, Zoom Apps benefits (1) the developers in their ecosystem to have exposure to Zooms large user base, and (2) the company, as the apps built... More
