Zoom Video Communications: Still No Visible Catalyst To Drive A Positive Re-Rating [Seeking Alpha]
Zoom Video Communications, Inc. - Class A (ZM)
Last zoom video communications, inc. - class a earnings: 3/4 04:20 pm
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Source: Seeking Alpha
Slowing customer acquisition and declining net dollar expansion rate suggest ongoing challenges for ZM. Contact center business shows promise, but overall growth remains sluggish and market has de-rated ZM's valuation. Summary Following my coverage on Zoom Video Communications ( NASDAQ: ZM ), for which I recommended a hold rating, as I was waiting for the headline growth to start showing positive inflection, this post is to provide an update on my thoughts on the business and stock. The near-term outlook for ZM still remains weak and uncertain, with no positive catalyst in sight to drive a positive inflection. As such, I continue to recommend a hold rating for the stock. Investment thesis In ZM's recent results, I give credit to ZM's ability to achieve a better-than-expected pro forma EBIT of $444 million (consensus expected $413 million) and FCF of $351 million (consensus expected $213 million). However, there are still no signs of a positive inflection in ZM headline grow
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News
- DTEN's Next Generation Video Conferencing and Collaboration Device for Zoom and Microsoft Teams, Now available in South Korea [Yahoo! Finance]Yahoo! Finance
- After Holding for Nearly 9 Years, I Just Sold PayPal Stock: Here's What I'm Buying Instead [Yahoo! Finance]Yahoo! Finance
- Zoom Video Communications (ZM) Rises Higher Than Market: Key Facts [Yahoo! Finance]Yahoo! Finance
- Zoom Video Communications (ZM) Registers a Bigger Fall Than the Market: Important Facts to Note [Yahoo! Finance]Yahoo! Finance
- Down 90%, Is Zoom Stock (NASDAQ:ZM) Finally a Buy? [Yahoo! Finance]Yahoo! Finance
ZM
Earnings
- 2/26/24 - Beat
ZM
Sec Filings
- 4/26/24 - Form 13F-HR
- 4/22/24 - Form 4
- 4/19/24 - Form 4
- ZM's page on the SEC website