ZM - Zoom Faces Ongoing Macro Challenges: 6 Analysts Takeaways On Q4 Earnings | Benzinga
Zoom Video Communications Inc (NASDAQ: ZM) shares were climbing in early trading on Tuesday, after the company reported higher-than-expected sales and earnings for the fiscal fourth quarter.
The results came amid an exciting earnings season. Here are some key analyst takeaways from the release.
Goldman Sachs On Zoom Video Communications
Analyst Kash Rangan maintained a Neutral rating while raising the price target to $73.
Zoom Video Communications reported "solid” results for the fourth quarter "against relatively muted expectations,” Rangan said.
The company’s revenue came in 2% higher than the consensus, "including the Enterprise and Online segments outperforming GSe +2%, while OPM and FCFM outperformed Consensus +200 and +900 bps,” the analyst stated.
"While Zoom’s FY25 revenue guidance came in -1% below Consensus (+1.6% revenue growth), implying net new revenue (Y/Y) down -46% vs. -54% in FY24,” he added.
JPMorgan On Zoom Video Communications
Analyst Mark Murphy reiterated a Neutral rating while cutting the price target from $83 to $80.
Zoom Video’s quarterly results indicated "a persistently imperfect macro, choppiness that may reflect some of the mixed results we saw in our unique visitor web traffic data, and continued discussions of capital allocation ...