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

Zoom Video Communications (NASDAQ:ZM) updated its fourth quarter earnings guidance on Monday. The company provided EPS guidance of $1.29-1.30 for the period, compared to the consensus EPS 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.

Zoom Video Communications Price Performance

NASDAQ:ZM opened at $89.03 on Tuesday. The company’s 50-day moving average is $73.85 and its two-hundred day moving average is $65.74. Zoom Video Communications has a 1-year low of $55.06 and a 1-year high of $92.80. The firm has a market capitalization of $27.40 billion, a price-to-earnings ratio of 31.91, a PEG ratio of 7.33 and a beta of -0.05.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ZM shares. Scotiabank upgraded Zoom Video Communications to a “hold” rating in a research report on Tuesday, November 19th. Royal Bank of Canada restated an “outperform” rating and issued a $95.00 price objective on shares of Zoom Video Communications in a report on Thursday, October 10th. Wedbush initiated coverage on Zoom Video Communications in a research report on Thursday, October 17th. They issued an “outperform” rating and a $85.00 target price on the stock. Wells Fargo & Company lifted their target price on Zoom Video Communications from $55.00 to $60.00 and gave the company an “underweight” rating in a research report on Thursday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Zoom Video Communications from $71.00 to $75.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. 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. Based on data from MarketBeat, Zoom Video Communications has an average rating of “Hold” and an average target price of $76.61.

Insider Buying and Selling at Zoom Video Communications

In other Zoom Video Communications news, insider Velchamy Sankarlingam sold 3,614 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $66.87, for a total transaction of $241,668.18. Following the transaction, the insider now directly owns 94,000 shares of the company’s stock, valued at approximately $6,285,780. This trade represents a 3.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Eric S. Yuan sold 2,420 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $68.38, for a total transaction of $165,479.60. Following the completion of the sale, the chief executive officer now directly owns 85,514 shares of the company’s stock, valued at $5,847,447.32. The trade was a 2.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 367,108 shares of company stock worth $26,796,191 over the last 90 days. Corporate insiders own 10.78% of the company’s stock.

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.