Zoom (ZM) Share Price Drops on Disappointing Outlook

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Go back to Zoom (ZM) Share Price Drops on Disappointing Outlook

Zoom Video (ZM) PT Lowered to $150 at Stifel

March 1, 2022 6:24 AM EST

Stifel analyst J. Parker Lane lowered the price target on Zoom Video (NASDAQ: ZM) to $150.00 (from $275.00) while maintaining a Hold rating.

The analyst commented, "Zoom delivered a F4Q beat but offered an outlook for F1Q23 and FY23 that came in below consensus.... More

Zoom (ZM) announces authorization to repurchase up to $1 billion of class A common stock

February 28, 2022 4:13 PM EST

Zoom's (NASDAQ: ZM) Board of Directors has authorized a stock repurchase program of up to $1.0 billion of Zooms outstanding Class A common stock. The program will expire in February 2024.

Repurchases of Zooms Class A common stock may be effected, from... More

Zoom (ZM) Appoints Bill McDermott to Board of Directors

February 28, 2022 4:11 PM EST

Zoom Video Communications, Inc. (NASDAQ: ZM) announced that it has appointed Bill McDermott as an independent director on Zooms Board of Directors effective March 1. McDermott will replace Bart Swanson, an early investor in Zoom who is stepping down from the Zoom Board following more than eight years of service.

Bill McDermott is one of the most highly accomplished leaders in the technology industry. He currently serves as president,... More

Zoom (ZM) Tops Q4 EPS by 24c, Guidance Misses Consensus

February 28, 2022 4:07 PM EST

Zoom (NASDAQ: ZM) reported Q4 EPS of $1.29, $0.24 better than the analyst estimate of $1.05. Revenue for the quarter came in at $1.07 billion versus the consensus estimate of $1.05 billion.

GUIDANCE:

Zoom sees Q1 2023 EPS of $0.86-$0.88, versus the consensus of $1.05. Zoom sees Q1... More