Zoom Video Communications (NASDAQ:ZM) Issues Q4 Earnings Guidance

Zoom Video Communications (NASDAQ:ZM) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $1.29-1.30 for the period, compared to the consensus estimate of $1.28. The company issued revenue guidance of $1.175-1.180 billion, compared to the consensus revenue estimate of $1.17 billion. Zoom Video Communications also updated its FY 2025 guidance to 5.410-5.430 EPS.

Analyst Ratings Changes

A number of brokerages recently issued reports on ZM. Wedbush initiated coverage on Zoom Video Communications in a research note on Thursday, October 17th. They set an “outperform” rating and a $85.00 price target for the company. Stifel Nicolaus boosted their price objective on shares of Zoom Video Communications from $65.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, October 10th. Scotiabank raised shares of Zoom Video Communications to a “hold” rating in a research note on Tuesday, November 19th. Rosenblatt Securities reissued a “buy” rating and issued a $78.00 price objective on shares of Zoom Video Communications in a research note on Friday. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 target price on shares of Zoom Video Communications in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $76.61.

Zoom Video Communications Stock Performance

Shares of NASDAQ ZM opened at $89.03 on Tuesday. Zoom Video Communications has a 1 year low of $55.06 and a 1 year high of $92.80. The company has a market capitalization of $27.40 billion, a PE ratio of 31.91, a price-to-earnings-growth ratio of 7.33 and a beta of -0.05. The company’s fifty day moving average price is $73.85 and its 200 day moving average price is $65.74.

Insiders Place Their Bets

In related news, Director Jonathan Chadwick sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $75.04, for a total value of $938,000.00. Following the transaction, the director now directly owns 1,514 shares of the company’s stock, valued at approximately $113,610.56. This trade represents a 89.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Eric S. Yuan sold 2,420 shares of Zoom Video Communications stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $68.38, for a total value of $165,479.60. Following the completion of the sale, the chief executive officer now directly owns 85,514 shares in the company, valued at $5,847,447.32. This represents a 2.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 367,108 shares of company stock worth $26,796,191. 10.78% of the stock is owned by corporate 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.