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Zoom Video Communications, Inc. (ZM) provides a video-first communications platform that delivers changes how people interact primarily in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.
It connects people through frictionless video, voice, chat, and content sharing.
The company's cloud-native platform enables face-to-face video experiences and connects users across various devices and locations in a single meeting.
It serves education, entertainment/media, enterprise infrastructure, finance, healthcare, manufacturing, non-profit/not for profit and social impact, retail/consumer products, and software/Internet industries, as well as individuals.
Shares are heading higher as they are breaking out of their bullish "cup and handle" formation. The company is a primary beneficiary of the work-from-home order.
On March 4th, Zoom reported Quarter January 2020 earnings of $0.13 per share on revenue of $188.3 million. The consensus earnings estimate was $0.07 per share on revenue of $176.4 million.
The company said it expects first quarter non-GAAP earnings of approximately $0.10 per share on revenue of $199.0 million to $201.0 million and fiscal 2021 earnings of $0.42 to $0.45 per share on revenue of $905.0 million to $915.0 million. The current consensus estimate is earnings of $0.08 per share on revenue of $188.1 million for the quarter ending April 30, 2020 and earnings of $0.32 per share on revenue of $854.6 million for the year ending January 31, 2021.
Entry Point: $111.00
Stop Loss: $105.00
Trading Range: $59.94 to $129.83
Target Price: $122.10
ZM closed at $142.50
