Zoom Video Communications (NASDAQ:ZM – Get Free Report) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $5.29-5.32 for the period, compared to the consensus estimate of $5.05. The company issued revenue guidance of $4.63-4.64 billion, compared to the consensus revenue estimate of $4.62 billion. Zoom Video Communications also updated its Q3 guidance to $1.29-1.31 EPS.
Zoom Video Communications Trading Up 1.9 %
Shares of Zoom Video Communications stock traded up $1.10 during trading on Wednesday, reaching $60.23. The company’s stock had a trading volume of 6,894,972 shares, compared to its average volume of 3,200,490. The firm has a market cap of $18.63 billion, a PE ratio of 22.47, a P/E/G ratio of 8.91 and a beta of -0.05. The company has a 50-day moving average price of $58.09 and a two-hundred day moving average price of $61.78. Zoom Video Communications has a fifty-two week low of $55.06 and a fifty-two week high of $75.90.
Zoom Video Communications (NASDAQ:ZM – Get Free Report) last posted its quarterly earnings data on Monday, May 20th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.23. Zoom Video Communications had a net margin of 18.37% and a return on equity of 10.55%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. On average, analysts predict that Zoom Video Communications will post 2.43 earnings per share for the current fiscal year.
Analyst Ratings Changes
Read Our Latest Research Report on Zoom Video Communications
Insiders Place Their Bets
In related news, CFO Kelly Steckelberg sold 5,007 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $56.64, for a total value of $283,596.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Zoom Video Communications news, CEO Eric S. Yuan sold 2,420 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $56.12, for a total transaction of $135,810.40. Following the transaction, the chief executive officer now owns 90,354 shares of the company’s stock, valued at $5,070,666.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Kelly Steckelberg sold 5,007 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $56.64, for a total transaction of $283,596.48. The disclosure for this sale can be found here. In the last three months, insiders sold 118,629 shares of company stock valued at $6,887,868. Company insiders own 10.78% of the company’s stock.
About Zoom Video Communications
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.
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