Zoom Video (ZM) PT Lowered to $76 at Citi
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Zoom Video (ZM) Drops on Slashed Guidance, Downgrade at BTIG on Macro Headwinds
August 23, 2022 6:26 AM EDTShares of Zoom Video Communications (NASDAQ: ZM) are down 11% in premarket trading on Tuesday after the communications software company cut its full-year guidance.
Zoom Video reported an adjusted EPS of $1.05 on revenue of $1.10 billion, which compares to estimates of an adjusted EPS of $0.92 on revenue of $1.12 billion.
While we saw continued momentum with our Enterprise customers and our non-GAAP operating income came in meaningfully higher than our outlook, our revenue was impacted by the... More
