FMP
Zoom Shares Down 16% After Q2 Results
Aug 31, 2021 11:35 PM - Davit Kirakosyan
Image credit: FMP
Zoom Video Communications, Inc. (NASDAQ:ZM) shares dropped more than 16% today following Q2 earnings results. The company posted revenue of $1.02 billion, representing a 54% increase year-over-year, and coming above the $990.2 million consensus estimate. Adjusted EPS of $1.36 also beat the consensus, which was $1.16. However, investors are concerned about the company’s flattening growth in smaller customer segment and conservative guidance.
The company’s smaller customer base (<10 employees), which represents 36% of total revenue, is expected to decline in Q3, according to the company.
Deutsche Bank analysts lowered their price target on the company to $350 from $375, mentioning that their discussions with management imply rising churn in "smaller" cohort of customers, and is the primary driver of an outlook, which now implies revenues could decline slightly quarter-over-quarter, in each of the next two quarters.
Other Blogs
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
P/E Ratios Using Normalized Earnings
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
What is Price To Earnings Ratio and How to Calculate it using Python
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
VMware Stock Drops 12% as China May Hold Up the Broadcom Acquisition
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...
