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

Zoom Video Communications (NASDAQ:ZM) issued an update on its fourth quarter earnings guidance on Monday morning. 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.

Zoom Video Communications Stock Down 6.3 %

ZM opened at $83.41 on Wednesday. Zoom Video Communications has a 52-week low of $55.06 and a 52-week high of $92.80. The company has a 50 day moving average of $74.16 and a two-hundred day moving average of $65.89. The company has a market cap of $25.67 billion, a P/E ratio of 27.80, a P/E/G ratio of 7.60 and a beta of -0.05.

Wall Street Analyst Weigh In

ZM has been the subject of several research reports. Rosenblatt Securities reiterated a “buy” rating and set a $78.00 price objective on shares of Zoom Video Communications in a research note on Friday, November 22nd. Robert W. Baird decreased their price objective on shares of Zoom Video Communications from $84.00 to $77.00 and set an “outperform” rating for the company in a research note on Thursday, August 22nd. Needham & Company LLC reiterated a “hold” rating on shares of Zoom Video Communications in a research note on Friday, October 11th. Morgan Stanley boosted their price objective on shares of Zoom Video Communications from $68.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Finally, Piper Sandler upped their target price on shares of Zoom Video Communications from $68.00 to $89.00 and gave the company a “neutral” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $85.20.

Insider Activity at Zoom Video Communications

In other news, 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 transaction, the chief executive officer now owns 85,514 shares in the company, valued at approximately $5,847,447.32. This represents a 2.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Velchamy Sankarlingam sold 3,614 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $66.87, for a total transaction of $241,668.18. Following the completion of the transaction, the insider now owns 94,000 shares of the company’s stock, valued at $6,285,780. This represents a 3.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 367,108 shares of company stock valued at $26,796,191 over the last ninety days. Corporate 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.