Zoom's (ZM) Q2 Conference Call Highlights: Zoom Apps, Zoom Events, Zoom Phone, and more
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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 (ZM) Sinks Over 10% Following Q2 Earnings Despite First $1B Revenue Quarter
August 30, 2021 4:59 PM EDTZoom (NASDAQ: ZM) shares plunged nearly 11% after-hours after the video conferencing giant reported second-quarter results that left investors wanting more. The total revenue of $1,021.5 million, growing 54% year over year, was driven by new customers acquisition and expansion across existing customers. Q2 Revenue came above the consensus estimate of $990.96 million. The number of customers contributing more than $100,000 in TTM revenue grew 131% year over year, while the growth of... More
Zoom's tepid growth forecast takes shine off billion-dollar quarter
August 30, 2021 4:09 PM EDT(Reuters) -Zoom Video Communications Inc posted its first billion-dollar revenue quarter but signaled a faster-than-expected easing in demand for its video-conferencing service after a pandemic-driven boom, sending its shares tumbling 11%.
The company on Monday forecast third-quarter revenue between $1.015 billion and $1.020 billion, compared with the analysts' average estimate of $1.013 billion, according to Refinitiv data.
That indicates a rise of just about 31.2% from a year earlier, compared with multiple-fold growth rates in 2020 when the... More
UPDATE: Zoom (ZM) Tops Q2 EPS by 34c
August 30, 2021 4:07 PM EDT(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
