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ZM Zoom Video Communications Earnings much better than expectedIf you haven`t bought ZM Zoom Video Communications ahead of earnings: Then you should know that yesterday`s P/E was 19.96 and it`s about to improve today. Cathie Wood has already bought more ZM shares yesterday ahead of the earnings! The adjusted profits were $1.03 per share VS Street forecast of 87 cents Revenues rising 12% to $1.074 billion. Margins improved to 37.2% Future adjusted profits between $3.70 and $3.77 per share Net income between $1.48 billion to $1.5 billion. My price target for ZM is $115. Looking forward to read your opinion about it.
NASDAQ:ZMLong
by TopgOptions
Are Nasdaq stocks now reasonably priced?Over the past two years, technology companies have enjoyed explosive growth as investors were upbeat about the prospects for the sector at a time when people relied on technology to stay connected while cooped up in their homes. Internet firms like Zoom Video Communications (NASDAQ:ZM) were among those to reap substantial gains from the tech boom during the pandemic. Zoom’s stock surged to a record $559 in October 2020 around the time that its platform’s usage became ubiquitous for people working at home and regular users that wanted to connect with friends and families. The confidence in Zoom and other internet stocks like Alphabet (NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT) fueled a herd mentality that propelled the tech-heavy Nasdaq Composite index to an all-time high in November 2020. But with concerns about high valuations and interest rate hikes that could lower companies’ future earnings, the Nasdaq has been on a freefall for about half a year now, retreating from its November peak of over 16,000 points to an over 18-month low of just under 12,000 points on Wednesday. Pandemic favorites lose shine Zoom, the poster child for 2020, is now trading at less than $90 from its October peak of $559. Netflix (NASDAQ:NFLX), another pandemic favorite, has lost 62% over the past year and 69% year-to-date as of Wednesday, trading at less than $190 after touching an all-time high of $690.31 in October 2021. The drop in Netflix’s shares comes as the company reported its first quarterly loss of subscribers in over a decade. It lost 200,000 subscribers in the first quarter, which the company blamed on people sharing accounts, among other factors. Billionaire investor Bill Ackman in April sold his entire stake in Netflix, taking $400 million in losses. His firm, Pershing Square Holdings, said that while Netflix’s business is fundamentally simple to understand, "we have lost confidence in our ability to predict the company’s future prospects with a sufficient degree of certainty." Valuation worries The appeal of tech stocks has dimmed in recent months mainly due to high valuation coupled with missed or slowing sales targets. Apple (NASDAQ:AAPL), in October 2021, missed the market’s revenue expectations due to the lingering global chip shortage that has been affecting its iPhone production. Apple’s price-to-earnings (P/E) ratio, a measure of whether it is over- or under-valued, surged to 35.45 at the end of 2020 before retreating to 28 in the first quarter of 2022. This means that investors are paying $28 for every $1 of the company’s earnings. The iPhone maker’s current PE ratio, however, is still lower than that of its peers, including Netflix, Amazon.com (NASDAQ:AMZN), and Tesla (NASDAQ:TSLA), whose P/E ratio’s are all above 50. Most overvalued tech stock Tesla’s stock price has jumped 26% over the past year, but down 40% year-to-date. Over a month ago, the carmaker joined a growing list of megacap companies to enact a stock split after its shares blew past $1,000 in October 2021. Stock splits make shares more attractive to retail investors but doesn’t change its PE ratio. Many analysts say Tesla is the most overvalued tech and automotive stock in the market and even its own CEO Elon Musk shared the same view at one point, tweeting two years ago that the company’s stock price “is too high imo.” That tweet knocked 10.3% off Tesla’s stock price on May 1, 2020. However, some still see the company's current market value as reflective of Tesla’s potential to further expand its dominant position in the electric-vehicle market. In 2021, Tesla held a nearly 14% share of the global EV market, beating rivals Volkswagen, BYD (HKG:1211), General Motors (NYSE:GM) and BMW, among others. A counter to the recent pessimism While many financial watchers cast doubt on tech firms’ ability to meet sales targets and justify their high valuations, some say the recent tech sell-off is irrational while remaining upbeat about tech’s future performance especially in the area of new tech trends like big data and artificial intelligence.
NASDAQ:NDX
by BlackBull_Markets
Zoom will bounce and continue on down! This is what I think will happen with zoom over the next few weeks. We will continue to bounce from here and potentially hit my identified reversal zone. Look at my blue and yellow fibs there for confluence. My purple fibs are my elliott wave projection fibs which are currently estimating A=C. wave C could easily head to the purple 1.618, at which point we would keep an eye out for them heading to the next support zone. **(I am not sure why Trading view squeezes my chartwork together after I submit it as a public post, but you may have to decompress the x axis to get a better visual)**
NASDAQ:ZM
by Taco0o0o
1
Zoom Video (NASDAQ: $ZM) Showing Bullish Divergence On RSI! 💻Zoom Video Communications, Inc. provides a video-first communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system that provides secure call routing, call queuing, call detail reports, call recording, call quality monitoring, voicemail, switch to video, and other services, as well as inbound and outbound calling services; and Zoom Chat enables to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices for meeting and phone customers. It also provides Zoom Rooms, a software-based conference room system; Zoom Conference Room Connector, a gateway for SIP/H.323 endpoints to join Zoom meetings; Zoom Video Webinars to provide video presentations to large audiences from many devices; and Zoom Hardware-as-a-Service allows users to access video communication technology with subscription options for phone and meeting room hardware. The company offers Zoom for Developers to integrate its video, phone, chat, and content sharing into other applications, as well as manages Zoom accounts; Zoom App Marketplace enhance developers to publish their apps; OnZoom, a platform for users to create, host, and monetize online events; and Zoom Apps to access from Zoom Meetings and the Zoom Desktop client to facilitate collaboration and engagement during meetings. It serves individuals; and education, entertainment/media, enterprise infrastructure, finance, government, healthcare, manufacturing, non-profit/not for profit and social impact, retail/consumer products, and software/Internet industries. The company was formerly known as Zoom Communications, Inc. and changed its name to Zoom Video Communications, Inc. in May 2012. The company was incorporated in 2011 and is headquartered in San Jose, California.
NASDAQ:ZMLong
by Bullishcharts
HUGE BULLISH DIVERGENCE ON ZOOM!As you can see Tech has started to rally. Zoom seems to be the only one lagging but you can see a lot of accumulation going into a major demand zone From last years huge spike. 4HR Time fram shows Bulllish divergence into major demand Zone. Patience Pays and I am 100% expecting a huge run from zoom going into the end of the month. Option IV is dirt cheap, this will be the next big play. I trade the naked chart just using supply and demand zones. 2 years if experience in the market. I believe tops and bottom are shown by divergences. Not Rand candles and Elliot/Fibs counts
NASDAQ:ZMLong
by BigBond
$ZMThe company's name quickly became a verb as friends, family, and co-workers tried to stay connected. And Zoom overcame the unforeseen challenges that resulted from heavy consumer usage of a product that was intended for businesses. Now that growth is coming back to earth, the stock has fallen 51% from its high last year. Despite that, there are several good reasons to think Zoom could stage a rebound. And one reason it might not. In the second quarter of last year, Zoom saw sales climb more than 350% and customers with more than 10 users jump over 450%. That led to some issues. Management pledged a 90-day moratorium on feature development and dedicated all of its time to security and privacy. It executed its seven-point plan and avoided what could have been a growth-crushing problem. Zoom continues to innovate. Recent announcements at its Zoomtopia conference include video voicemails, whiteboard, and live translation. It also highlighted applications for high-touch use cases like doctor visits and wealth management. Some might argue none are revolutionary. But the incorporation of all of these tools into a video communications platform makes it a compelling product for the enterprises it is targeting. On the technical side of things ZM is currently sitting at support while it’s formed a descending triangle. We can also see that the MACD is curling w/ the RSI sitting at an oversold level on the daily chart. I suggest keeping this on your watchlist. - Factor Four Side note; Regardless of the pattern it doesn’t mean I’m bearish on ZM. I’m actually fairly bullish long term.
NASDAQ:ZMLong
by TheBlankFund