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As mentioned above, on Sept. 30, 2021, Five9 announced that the two parties had mutually agreed to abandon the deal. The company said that the agreement had not received the required number of votes from Five9 shareholders to approve the merger. Department of Justice-led panel, named Team Telecom, was investigating the proposed merger’s potential national security risks. Videoconferencing platform Zoom Video Communications Inc. on Monday offered up third-quarter results and an outlook that came in above Wall Street’s expectations, helped by growth in its key segment g… Select to analyze similar companies using key performance metrics; select up to 4 stocks. Please bear with us as we address this and restore your personalized lists.
According to 25 analysts, the average rating for ZM stock is « Hold. » The 12-month stock price forecast is $84.61, which is a decrease of -0.88% from the latest price. Zoom Video Communication (ZM) and Agilent Technologies (A) react to their prospective earnings performances in Monday’s extended hours trading session. Asking for a Trend host Josh Lipton breaks down the latest action surrounding these two stocks.
Zoom Video Communications, Inc. Class A
Zoom’s recent fourth-quarter report arrived review the millionaire next door with plenty for investors to be excited about. The company is set to release earnings results after the market close. The U.S. government has been increasing its scrutiny of Zoom on several fronts. In 2020, the United States charged a China-based Zoom executive with conspiring to disrupt videoconference commemorations of the 1989 Tiananmen Square democracy protests. Zoom is also the focus of several ongoing federal investigations related to its dealings with Beijing, according to the Journal.
Enterprise revenue rose 4.9% year over year in the period to reach $667.3 million. Along with moderate sales growth, cost-saving initiatives helped the business significantly improve its financial performance. Operating cash flow rose 66% year over year to hit $351.2 million in the fourth quarter, and the business closed out the year with an operating cash flow margin above 35%. Founded in 1993, The Motley Fool is a financial services company dedicated to making gitlab vs github the world smarter, happier, and richer.
Stock Ideas and Recommendations
ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Ark Invest has backed estimates up by taking a significant position in the media stock. Zoom makes up almost 7% of its flagship fund, the Ark Innovation ETF, making the Cathie Wood investment its fourth-largest holding. Across all Ark Invest funds, Zoom makes up around 4.5% of the company’s holdings.
- AI-powered features like AI Companion and real-time translation are key growth driver…
- Videoconferencing platform Zoom Video Communications Inc. on Monday offered up third-quarter results and an outlook that came in above Wall Street’s expectations, helped by growth in its key segment g…
- In addition to better-than-expected Q4 performance and forward guidance, Zoom also announced a substantial stock repurchasing initiative.
Services Overview
Morgan Stanley analyst Meta Marshall maintained an Equal-Weight rating and raised the price target from $68 to $86. Zoom Video Communications Inc. (ZM) offers a video-first communications platform used by millions of people worldwide for both business and personal use. The platform connects people via video, phone, chat, and content sharing and can be integrated across a broad range of devices. Zoom Video’s stock is undervalued, trading at 15x forward free cash flow, with 30% of its market cap in cash and no debt. Despite modest revenue growth, Zoom’s strong balance sheet and strategic inves…
Zoom Video Communications Inc ZM shares are trading lower on the heels of the company’s third-quarter financial results. The stock is off the lows of the session as analysts lift price targets following the print. Zoom recorded non-GAAP (adjusted) earnings per share of $1.42 on sales of $1.15 billion in Q4. Meanwhile, the average analyst estimate had called for the business to post an adjusted per-share profit of $1.15 on revenue of $1.13 billion.
Netflix, Facebook, Zoom, Peloton, they’ll see growth fall off a cliff.” For both Peloton and Zoom, the next few months and years have borne that out. Zoom is changing its name from Zoom Video Communications Inc. to just Zoom Communications Inc. Valued at $99, click below to receive our just-released reportpredicting the 7 stocks that will soar highest in the coming month. However, Zoom has rapidly turned into a value stock that returns a respectable level of free-cash-flow growth. If Zoom can start monetizing some of the AI potential Ark Invest sees, it could inspire another bull market in its stock. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.
Moving forward, Zoom seems to be focusing on your overall workday, not just your morning or afternoon video call. It already has Zoom Docs, which lets you work collaboratively on documents both in and out of meetings, and Team Chat, which lets you access a meeting chat, share a whiteboard, jump into a meeting, and more. Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an limefx earnings beat. But that’s not the case here.ZM has an Earnings ESP of 0.00% and sports a Zacks Rank #2 at present.
Zoom’s Recent Developments
ZM’s launch of Zoom Docs is expected to have driven customer momentum by expanding offerings across the productivity lifecycle and enabling the transformation of information from a Zoom Meeting into tasks and documents. The company’s advancements and partnerships related to artificial intelligence (AI) in the fiscal third quarter are noteworthy. ZM announced enhancements of its AI features within the Zoom Workplace, aiming to boost team productivity and collaboration. Zoom’s AI Companion is expected to have driven active user growth due to its capability to enhance productivity and capability by leveraging generative AI.
Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations.