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Zoom Video Communications (ZM) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, ZM broke through the 20-day moving average, which suggests a short-term bullish trend.
Zacks.com users have recently been watching Zoom Video (ZM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Zoom Video Communications, Inc. (ZM) Goldman Sachs Communacopia + Technology Conference (Transcript)
Zoom Video Communications, Inc. (NASDAQ:ZM ) Goldman Sachs Communacopia + Technology Conference September 9, 2024 2:30 PM ET Company Participants Eric Yuan - Founder and Chief Executive Officer Conference Call Participants Kasthuri Rangan - Goldman Sachs Kasthuri Rangan Hello. You had another addition of Goldman Sachs Communacopia and Technology Conference 2024.
Ronkonkoma, New York--(Newsfile Corp. - September 5, 2024) - SIGMA Corporation of America, the US subsidiary of SIGMA Corporation (CEO: Kazuto Yamaki. Headquarters: Asao-ku, Kawasaki-shi, Kanagawa, Japan) is pleased to announce the SIGMA 28-105mm F2.8 DG DN | Art zoom lens for full-frame mirrorless camera systems.
Zoom Video Communications' growth may not be very attractive right now, but investors would do well to look at the bigger picture. A reduction in the churn rate and stronger customer spending could set the stock up for robust long-term gains.
Zacks.com users have recently been watching Zoom Video (ZM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
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Zoom's stock surged by about 30% after exceeding earnings estimates and providing strong guidance, yet remains undervalued with a P/E ratio of around 13. Zoom's fiscal 2025 Q2 earnings beat consensus by 14%, and guidance suggests continued growth, potentially leading to higher future estimates. Despite Wall Street's pessimism, Zoom's consistent outperformance and potential EPS growth of 10-20% indicate significant upside potential.