ZUO Stock Recent News

Zuora (ZUO) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, ZUO crossed above the 200-day moving average, suggesting a long-term bullish trend.

Zuora, a subscription-software company, has the potential for appreciation in the stock market due to accelerating trends and strong Q3 results. The company's unique subscription-focused solutions address common pain points for businesses adopting subscription-based models. Zuora's low valuation, recovering growth rates, and improving margins make it an attractive investment option for 2024.

After reaching an important support level, Zuora (ZUO) could be a good stock pick from a technical perspective. ZUO surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.

Zuora's (ZUO) third-quarter fiscal 2024 results reflect an expanding clientele and strong demand for its solutions.

Zuora, Inc. (NYSE:ZUO ) Q3 2024 Earnings Conference Call November 29, 2023 5:00 PM ET Company Participants Luana Wolk - Vice President, Investor Relations and ESG Tien Tzuo - Founder and Chief Executive Officer Todd McElhatton - Chief Financial Officer Robbie Traube - President and Chief Revenue Officer Conference Call Participants Rob Oliver - Baird Chad Bennett - Craig-Hallum Joshua Reilly - Needham & Company Adam Hotchkiss - Goldman Sachs Joseph Vafi - Canaccord Eylon Liani - Jefferies Jacob Stephan - Lake Street Operator Good afternoon. My name is Krista and I'll be your conference operator today.

Zuora (ZUO) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to loss of $0.02 per share a year ago.

Zuora's valuation, currently at 30x next year's free cash flow, appears relatively high for a business experiencing single-digit revenue growth rates. The rich price tag of Zuora's stock raises concerns about its investment value, particularly when compared to its growth potential. The company's strong balance sheet, boasting over $180 million of net cash, offsets the uncertainty surrounding its valuation.

I expect growth acceleration driven by a sales strategy pivot and the potential for reversion to higher valuation multiples. Zuora offers a product that supports subscription and usage-based businesses in managing their order-to-cash cycles, filling a gap in the market. ZUO's shift to targeting smaller markets with a single product is expected to help mitigate near-term weaknesses and provide long-term growth opportunities.

Zuora's (ZUO) second-quarter fiscal 2024 results reflect an expanding clientele and strong demand for the Zephr solution.

Zuora, Inc. (NYSE:ZUO ) Q2 2024 Earnings Call Transcript August 23, 2023 5:00 PM ET Company Participants Carolyn Bass - IR Tien Tzuo - Founder and CEO Todd McElhatton - CFO Robbie Traube - President and CRO Conference Call Participants Adam Hotchkiss - Goldman Sachs Joshua Reilly - Needham Chad Bennett - Craig-Hallum Rob Oliver - Baird Andrew DeGasperi - Berenberg Jacob Stephan - Lake Street Capital Markets Luv Sodha - Jefferies Joseph Vafi - Canaccord Operator Good afternoon, and welcome to Zuora's Second Quarter of Fiscal 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.