Zoom Video Communications (ZM) to Release Quarterly Earnings on Monday

Zoom Video Communications (NASDAQ:ZM - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Monday, November 25th. Analysts expect Zoom Video Communications to post earnings of $1.31 per share for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

Zoom Video Communications (NASDAQ:ZM - Get Free Report) last released its quarterly earnings data on Wednesday, August 21st. The company reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.18. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. Zoom Video Communications had a net margin of 19.08% and a return on equity of 10.77%. The firm's revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.55 earnings per share. On average, analysts expect Zoom Video Communications to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Zoom Video Communications Stock Down 2.7 %

ZM stock traded down $2.21 during mid-day trading on Monday, reaching $78.93. The company had a trading volume of 4,113,417 shares, compared to its average volume of 3,230,469. The stock has a market capitalization of $24.29 billion, a P/E ratio of 28.89, a P/E/G ratio of 6.93 and a beta of -0.05. Zoom Video Communications has a one year low of $55.06 and a one year high of $87.15. The stock's 50-day simple moving average is $72.07 and its two-hundred day simple moving average is $64.89.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of Zoom Video Communications from $68.00 to $86.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 13th. Wedbush assumed coverage on shares of Zoom Video Communications in a research note on Thursday, October 17th. They set an "outperform" rating and a $85.00 price objective on the stock. Bank of America cut their price objective on shares of Zoom Video Communications from $78.00 to $75.00 and set a "neutral" rating on the stock in a research note on Thursday, August 22nd. Stifel Nicolaus lifted 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 note on Thursday, October 10th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Zoom Video Communications in a report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $76.26.

Insider Activity at Zoom Video Communications

In other Zoom Video Communications news, CFO Kelly Steckelberg sold 5,013 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $59.70, for a total transaction of $299,276.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Aparna Bawa sold 880 shares of the company's stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $68.09, for a total value of $59,919.20. Following the sale, the chief operating officer now directly owns 2,809 shares of the company's stock, valued at $191,264.81. The trade was a 23.85 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 372,121 shares of company stock valued at $27,095,467. 10.78% of the stock is owned by corporate insiders.

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.