Management forecasts that total revenue will come between $1.070 and $1.075 billion and adjusted EPS between 86 and 88 cents. However, Wall Street raised eyebrows at the Q1 FY23 outlook. “ In fiscal year 2022, we delivered strong results with total revenue of more than $4 billion, growing 55% year over year along with increased profitability and operating cash flow growth as our global customer base continued to grow and find new use cases for our broadening communications platform.” Zoom serves 191,000 enterprise customers, an increase of 35% YoY. Adjusted earnings per share (EPS) was $1.29, up from $1.22, in the same period last year.Īs of Jan. Quarterly revenue increased by 21% year-over-year to $1.07 billion. How Recent Metrics Came InĪt the end of February. Meanwhile, management is focused on growing the product’s ecosystem. Analysts concur that Zoom, which leads the video conferencing market, will benefit from such an increase in global revenues. ![]() Such an increase would mean a compound annual growth rate (CAGR) of 15.5%. Yet, the global industry is forecast to reach $24.4 billion in 2028. However, as online meetings decrease in numbers, the company may not be able to repeat this stellar performance in the coming quarter. As a result, in fiscal 2021, revenue reached $2.7 billion, up 326% year-over-year (YoY). ZM stock ’s 52-week range is $79.03-$406.48, while the market capitalization currently stands at $26.7 billion.Ĭalifornia-based Zoom became a household name during the 'work-from-home' days of the coronavirus pandemic, in part, due to its user-friendly format. Since then, it has been a painful ride lower.Īs workers started returning to the office, on May 12 the stock hit a multi-year low of $79.03. In October 2020, Zoom stock was changing hands just shy of $590, a record high. ), which has about 8% of its portfolio in ZM shares, is down 54.3% since January. ) have seen the value of their investment drop roughly 71.5% over the past 52 weeks and 51.6% so far this year. Shareholders of the video conferencing company Zoom Video Communications Inc (NASDAQ: For tools, data, and content to help you make better investing decisions, try InvestingPro+.Long-term investors could consider buying ZM stock at current levels. ![]() ![]()
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