ZM - Zoom Video Stock Is Sliding Tuesday: What's Going On? | Benzinga
Zoom Video Communications Inc (NASDAQ:ZM) shares are trading lower Tuesday following the company’s first-quarter financial results. Multiple analysts also lowered price targets on the stock following the print.
- Q1 Revenue: $1.14 billion, versus estimates of $1.13 billion
- Q1 EPS: $1.35, versus estimates of $1.20
Net cash provided by operating activities was $588.2 million in the first quarter, up 40.6% year-over-year. Free cash flow came in at $569.7 million, up 43.6% year-over-year.
Zoom ended the quarter with approximately 191,000 enterprise customers. 3,883 of those customers were contributing more than $100,000 in trailing 12 months revenue at quarter’s end, up approximately 8.5% year-over-year.
"In Q1, we continued to integrate AI across our ...