Zoom Video Communications (ZM) Expected to Announce Quarterly Earnings on Monday

Zoom Video Communications (NASDAQ:ZM - Get Free Report) is anticipated to issue its quarterly earnings data after the market closes on Monday, February 24th. Analysts expect Zoom Video Communications to post earnings of $1.31 per share and revenue of $1.19 billion for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

Zoom Video Communications Trading Down 2.0 %

ZM traded down $1.72 during midday trading on Thursday, reaching $83.45. The company's stock had a trading volume of 2,772,460 shares, compared to its average volume of 2,238,573. The company has a fifty day simple moving average of $83.28 and a 200 day simple moving average of $75.85. The stock has a market cap of $25.58 billion and a P/E ratio of 27.82. Zoom Video Communications has a twelve month low of $55.06 and a twelve month high of $92.80.

Wall Street Analyst Weigh In

ZM has been the topic of several research analyst reports. Cantor Fitzgerald started coverage on shares of Zoom Video Communications in a research note on Friday, January 17th. They issued a "neutral" rating and a $87.00 price objective on the stock. Evercore ISI upgraded shares of Zoom Video Communications from an "in-line" rating to an "outperform" rating and raised their price target for the stock from $70.00 to $115.00 in a research report on Tuesday, November 26th. Piper Sandler upped their price objective on shares of Zoom Video Communications from $68.00 to $89.00 and gave the company a "neutral" rating in a research report on Tuesday, November 26th. Barclays increased their target price on shares of Zoom Video Communications from $70.00 to $85.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 27th. Finally, JMP Securities restated a "market perform" rating on shares of Zoom Video Communications in a research note on Tuesday, November 26th. Sixteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $89.48.

Insider Activity at Zoom Video Communications

In other Zoom Video Communications news, CEO Eric S. Yuan sold 83,333 shares of the firm's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $83.50, for a total value of $6,958,305.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Shane Crehan sold 1,551 shares of the firm's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $84.94, for a total transaction of $131,741.94. Following the completion of the sale, the chief accounting officer now owns 3,251 shares of the company's stock, valued at $276,139.94. The trade was a 32.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 382,242 shares of company stock valued at $31,230,938 in the last ninety days. 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.