Zoom Communications, Inc. - Class A Common Stock (ZM)
74.93
+0.62 (0.83%)
Zoom Video Communications is a technology company that specializes in providing video conferencing solutions and communication platforms for businesses and individuals
It offers a range of services that facilitate virtual meetings, webinars, and online collaboration, allowing users to connect seamlessly from anywhere in the world. The platform is widely used for remote work, online education, and virtual events, and it features tools designed for screen sharing, recording, and real-time messaging. With its user-friendly interface and scalable solutions, Zoom aims to enhance communication and collaboration across diverse industries and applications.
ZOOM COMMUNICATIONS INC is a hidden gem, featuring undervaluation and robust fundamentals. NASDAQ:ZM showcases decent financial health and profitability, coupled with an attractive price.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Five9 (NASDAQFIVN) and the rest of the video conferencing stocks fared in Q4.
Shares of video conferencing platform Zoom (NASDAQZM)
fell 9.6% in the morning session after the company reported underwhelming fourth quarter results. Revenue was just in line, but EPS managed to exceed expectations. Adding to the weakness, Zoom's full-year revenue and EPS guidance missed Wall Street's estimates. Overall, this quarter could have been better.
Zoom Communications Inc (NASDAQZM) shares are trading lower Tuesday after the company reported fourth-quarter financial results and issued weak guidance.
Video conferencing platform Zoom (NASDAQZM) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 3.3% year on year to $1.18 billion. On the other hand, next quarter’s revenue guidance of $1.16 billion was less impressive, coming in 0.8% below analysts’ estimates. Its non-GAAP profit of $1.41 per share was 4.6% above analysts’ consensus estimates.
Market indexes drooped in the final minutes of the normal trading day to start a new week, with all major indexes save the blue-chip Dow closing in the red, adding to Friday’s losses.
Zoom reports fourth-quarter revenue of $1.18 billion, in line with analyst estimates. The communications company reports fourth-quarter adjusted earnings of $1.41 per share, beating analyst estimates of $1.30 per share.
The major indices struggled to maintain early momentum on Monday, but appear to climbing back with the S&P 500 and Dow Jones both green in midday trading.
