Mizuho decreased their target price on Zoom Video Communications from $190.00 to $120.00 and set a buy rating on the stock in a research note on Tuesday, August 23rd. Daiwa Capital Markets upgraded Zoom Video Communications from an underperform rating to an outperform rating and increased their price target for the stock from $107.00 to $121.00 in a report on Monday, May 30th. Wall Street Analyst Weigh InĪ number of equities analysts have recently weighed in on the company. On average, equities analysts anticipate that Zoom Video Communications will post 1.31 earnings per share for the current year. During the same period in the prior year, the business posted $0.98 EPS. The company's revenue was up 7.6% compared to the same quarter last year. Zoom Video Communications had a return on equity of 11.87% and a net margin of 23.05%. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.12 billion. The company reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.11. Zoom Video Communications ( NASDAQ:ZM - Get Rating) last released its quarterly earnings results on Monday, August 22nd. Zoom Video Communications has a 52-week low of $77.79 and a 52-week high of $300.27. The stock has a market cap of $25.03 billion, a P/E ratio of 26.03, a PEG ratio of 4.54 and a beta of -0.49. The business has a fifty day moving average of $99.88 and a two-hundred day moving average of $105.10.
Shares of NASDAQ:ZM opened at $84.08 on Tuesday.
Zoom Video Communications ( NASDAQ:ZM - Get Rating) issued an update on its FY 2023 earnings guidance on Tuesday morning.