Zoom Video Communications (NASDAQ:ZM) updated its FY21 earnings guidance on Tuesday. The company provided EPS guidance of $1.21-$1.29 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.44. The company issued revenue guidance of $1.775-$1.80 billion, compared to the consensus revenue estimate of $939.65 million.Zoom Video Communications also updated its FY 2021
After-Hours guidance to 1.21-1.29 EPS.
A number of brokerages recently commented on ZM. Oppenheimer restated a hold rating on shares of Zoom Video Communications in a report on Wednesday, April 22nd. Royal Bank of Canada upped their price target on Zoom Video Communications from $110.00 to $125.00 and gave the stock a sector perform rating in a research note on Thursday, April 2nd. They noted that the move was a valuation call. Needham & Company LLC began coverage on Zoom Video Communications in a research note on Monday, March 16th. They issued a buy rating and a $140.00 price target on the stock. Credit Suisse Group cut Zoom Video Communications from a neutral rating to an underperform rating and upped their price target for the stock from $95.00 to $105.00 in a research note on Monday, April 6th. Finally, Morgan Stanley reaffirmed a hold rating and issued a $105.00 price target on shares of Zoom Video Communications in a research note on Thursday, April 9th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $128.25.
Shares of NASDAQ ZM traded up $3.93 during trading on Tuesday, reaching $208.08. The company had a trading volume of 35,147,840 shares, compared to its average volume of 10,723,326. Zoom Video Communications has a 12-month low of $60.97 and a 12-month high of $212.69. The stock has a market cap of $50.07 billion, a PE ratio of 2,601.33, a P/E/G ratio of 337.88 and a beta of -1.58. The business’s 50-day moving average is $159.35 and its 200 day moving average is $107.03. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.08.
In other news, insider Aparna Bawa sold 7,500 shares of the company’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $119.65, for a total transaction of $897,375.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Santiago Subotovsky sold 73,168 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $120.98, for a total value of $8,851,864.64. Following the completion of the transaction, the director now directly owns 143,462 shares in the company, valued at approximately $17,356,032.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 746,211 shares of company stock worth $99,785,087. Corporate insiders own 24.25% of the company’s stock.
About Zoom Video Communications
Zoom Video Communications, Inc provides a video-first communications platform that changes how people interact primarily in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It connects people through frictionless video, voice, chat, and content sharing. The company's cloud-native platform enables face-to-face video experiences and connects users across various devices and locations in a single meeting.
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