Zoom Video Communications (NASDAQ:ZM) Releases Q2 Earnings Guidance

Zoom Video Communications (NASDAQ:ZM) updated its second quarter earnings guidance on Monday. The company provided earnings per share guidance of $1.20-$1.21 for the period, compared to the consensus earnings per share estimate of $1.24. The company issued revenue guidance of $1.145-$1.150 billion, compared to the consensus revenue estimate of $1.15 billion. Zoom Video Communications also updated its FY25 guidance to $4.99-$5.02 EPS.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ZM shares. Jefferies Financial Group started coverage on shares of Zoom Video Communications in a report on Tuesday, March 19th. They set a hold rating and a $70.00 target price for the company. Stifel Nicolaus cut their target price on shares of Zoom Video Communications from $70.00 to $65.00 and set a hold rating for the company in a report on Tuesday. Mizuho cut their target price on shares of Zoom Video Communications from $100.00 to $90.00 and set a buy rating for the company in a report on Tuesday, February 27th. Needham & Company LLC reaffirmed a hold rating on shares of Zoom Video Communications in a report on Tuesday. Finally, Citigroup lifted their target price on shares of Zoom Video Communications from $76.00 to $77.00 and gave the company a neutral rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $76.67.

Zoom Video Communications Trading Up 0.8 %

Shares of ZM stock opened at $64.38 on Thursday. The company’s 50-day moving average price is $63.21 and its 200-day moving average price is $65.90. The stock has a market cap of $19.80 billion, a price-to-earnings ratio of 24.02 and a beta of -0.05. Zoom Video Communications has a twelve month low of $58.87 and a twelve month high of $75.90.

Zoom Video Communications (NASDAQ:ZM) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.34. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Zoom Video Communications had a net margin of 18.37% and a return on equity of 10.84%. As a group, equities research analysts predict that Zoom Video Communications will post 2.15 EPS for the current year.

Insider Activity

In other Zoom Video Communications news, CEO Eric S. Yuan sold 2,420 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $69.84, for a total value of $169,012.80. Following the transaction, the chief executive officer now owns 85,160 shares of the company’s stock, valued at $5,947,574.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Zoom Video Communications news, COO Aparna Bawa sold 816 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $66.60, for a total transaction of $54,345.60. Following the sale, the chief operating officer now directly owns 1,978 shares in the company, valued at $131,734.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Eric S. Yuan sold 2,420 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $69.84, for a total transaction of $169,012.80. Following the sale, the chief executive officer now owns 85,160 shares in the company, valued at $5,947,574.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 101,170 shares of company stock valued at $6,356,101. 10.78% of the stock is currently owned by insiders.

Zoom Video Communications Company Profile

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.