Zoom Video Communications Reports Fourth Quarter and Fiscal Year 2023 Financial Results

Go back to Zoom Video Communications Reports Fourth Quarter and Fiscal Year 2023 Financial Results

Zoom Video (ZM) PT Lowered to $85 at Goldman Sachs

February 28, 2023 4:00 AM EST

Goldman Sachs analyst Kash Rangan lowered the price target on Zoom Video (NASDAQ: ZM) to $85.00 (from $92.00) while maintaining a Neutral rating.

The analyst comments "Zoom delivered solid F4Q results on tempered investor expectations with revenue, op. margin and FCF coming in above-Consensus, benefiting from solid Enterprise performance (+18% revenue... More

Zoom (ZM) Tops Q4 EPS by 41c, Issues Mixed Outlook

February 27, 2023 4:07 PM EST

Zoom (NASDAQ: ZM) reported Q4 EPS of $1.22, $0.41 better than the analyst estimate of $0.81. Revenue for the quarter came in at $1.12 billion versus the consensus estimate of $1.1 billion.

GUIDANCE:

Zoom sees Q1 2024 EPS of $0.96-$0.98, versus the consensus of $0.84. Zoom sees Q1 2024... More