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+10.83%
-0.09%
-17.17%
TrendspotteamFinding new investment opportunities based on Market Sentiment and Indicators. Manage portfolio risk with leading indicator of volatility See what influential analysts and investors are saying about stocks in your watchlist
ZOOM VIDEO's revenue growth persists, surpassing analysts' projections with $1.12 billion in revenue, exceeding the anticipated $1.1 billion. Despite the company's revenue stability and growth over the previous quarters, their profitability status is contrasting. In Q4 2021, ZOOM VIDEO achieved an operating profit of $251 million, with a profit rate of 23.4%. However, in the current quarter, the company experienced an operating loss of $129.9 million.
In the upcoming quarter, the company anticipates revenue ranging from $1.08 billion to $1.085 billion, falling short of the projected $1.11 billion. However, they forecast an operating profit (Non-GAAP) of $374 million to $379 million. The estimated diluted earnings per share are anticipated to be between $0.96 and $0.98 per share, exceeding analysts' expected profit of $0.84 per share. Looking at the entire year, the company predicts revenues between $4.43 billion and $4.45 billion, surpassing the forecast of $4.38 billion, and an operating profit of $1.6 billion to $1.62 billion.
In the previous month, analyst Kathryn Trevnik from MKM Partners adjusted her price target for the stock from $100 to $75 and downgraded the stock rating from "buy" to "sell." Trevnik's analysis suggests that the company's enterprise business is facing mounting macroeconomic pressures and intensifying competition in the market. As a result, the company may not achieve the expected 10% growth in the post-coronavirus era as previously projected. Furthermore, the growth prospects for the company's core business are now restricted, according to the analyst.
Following its IPO, the company has outperformed analysts' expectations each quarter. However, as it became apparent that the world would eventually transition out of lockdown and the pandemic would subside (around the start of 2021), the stock began to decline from its peak of roughly $560 in October 2020. Consequently, the company's value has decreased by over 85% since that period. Nevertheless, since the beginning of this year, the stock has increased by approximately 20%, and the company's current valuation stands at $21.4 billion.
Please note that the article should not be considered as investment advice or marketing, and it does not take into account the personal data and requirements of any individual. It is not a substitute for the reader's own judgment, and it should not be considered as advice or recommendation for buying or selling any securities or financial products.
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The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained.
The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.
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Disclaimer:
The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained.
The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.
Please note that no offer or solicitation to buy or sell securities, securities derivatives of future products of any kind, or any type of trading or invesment advise, recommendation or strategy, is made, given or endorsed by StocksRunner including any of their affiliates ("TS").
This information is provided for illustrative purposes only. You should not rely on any advice and/or information contained in this website and before making any investment decision. we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.
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