Zoom Video Communications (NASDAQ:ZM – Get Free Report) updated its third quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $1.29-1.31 for the period, compared to the consensus EPS estimate of $1.23. The company issued revenue guidance of $1.160-1.165 billion, compared to the consensus revenue estimate of $1.16 billion. Zoom Video Communications also updated its FY 2025 guidance to 5.290-5.320 EPS.
Zoom Video Communications Stock Performance
NASDAQ:ZM opened at $70.14 on Friday. The firm has a market capitalization of $21.69 billion, a PE ratio of 26.17, a PEG ratio of 10.44 and a beta of -0.05. The stock’s fifty day moving average is $58.53 and its 200 day moving average is $61.86. Zoom Video Communications has a fifty-two week low of $55.06 and a fifty-two week high of $75.90.
Zoom Video Communications (NASDAQ:ZM – Get Free Report) last announced its earnings results on Wednesday, August 21st. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.18. Zoom Video Communications had a net margin of 19.08% and a return on equity of 10.97%. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts forecast that Zoom Video Communications will post 2.43 EPS for the current year.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on ZM
Insider Activity
In other Zoom Video Communications news, COO Aparna Bawa sold 874 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $61.78, for a total value of $53,995.72. Following the sale, the chief operating officer now owns 2,814 shares of the company’s stock, valued at approximately $173,848.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Zoom Video Communications news, COO Aparna Bawa sold 874 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $61.78, for a total value of $53,995.72. Following the sale, the chief operating officer now directly owns 2,814 shares in the company, valued at $173,848.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Eric S. Yuan sold 2,420 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $61.80, for a total value of $149,556.00. Following the transaction, the chief executive officer now directly owns 85,460 shares of the company’s stock, valued at $5,281,428. The disclosure for this sale can be found here. Over the last three months, insiders have sold 123,642 shares of company stock worth $7,187,144. Corporate insiders own 10.78% of the company’s stock.
Zoom Video Communications Company Profile
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.
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