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ZOOM VIDEO COMMUNICATIONS

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1ZM trade ideas

Zoom (ZM) Looking to Breakout after Extended ConsolidationI really like this opportunity from ZM here. The stock is cheap on many metrics and the market is pricing in a bearish case. If ZM can post even minimal growth in 2024, the stock should rip. We've had almost a year of consolidation in this $60-$74 range and we're attempting to break out. It's just a matter of time. I'm targeting ~$97 to fill the gap made in August 2022. After such a long period of consolidation, a breakout should cause some short covering and bring in traders on a technical basis. If we break below the range, it would signal a failure and I would cut my losses High probability trade Target: $97 (+34%) Stop Loss: $58 (-19%) - Sultan of Chart
NASDAQ:ZMLong
by Sultan_of_Chart
Zoom (ZM) beat Q3 FY2024 revenue estimates with a 3.2% YoY- 📈 Zoom (NASDAQ:ZM) beat Q3 FY2024 revenue estimates with a 3.2% YoY increase to $1.14 billion. - 💹 Revenue guidance for the full year exceeded analysts' estimates, but Q4 guidance of $1.13 billion was 0.3% below expectations. - 💰 Non-GAAP EPS improved to $1.29 per share, up from $1.07 per share in the same quarter last year. - 📊 Free Cash Flow increased by 56.6% to $453.2 million, and Net Revenue Retention Rate was 105%. - 🌐 Zoom reported 3,731 enterprise customers paying more than $100,000 annually, a slight increase from the previous quarter. - 📉 Despite beating revenue expectations, Zoom's Q3 results showed a modest 3.2% YoY growth, prompting attention to sales decline and slowing large customer momentum. - 📉 The net revenue retention rate of 105% missed expectations, but the market is rewarding Zoom for robust cash generation. - 📊 Zoom's stock is up 6% post-reporting, trading at $70.02 per share with a market capitalization of $19.3 billion and a $6.49 billion cash balance.
NASDAQ:ZMLong
by ShukriMahadi
ZOOM - WEEKLY BULLISH DIVERGENCE - BUY NOW In September 2022 we published the trading idea where we expected more downside for ZOOM: Now it's time for an update and more details! ZOOM price most likely is at the bottom now or very close to the bottom. Weekly bullish divergences are not a joke. We expect at least 75 % pump. What about the stop loss? You can put a stop loss below the key support, however be careful! It may just fakeout below the support to kick you out from your trade. ZOOM is down 88 % from its ATH. It's not a time to be bearish. DCA into ZOOM and enjoy the profit soon.
NASDAQ:ZMLong
by vf_investment
20
Zoom (NASDAQ: ZM) Video Communications Beats Q3 TargetsZoom Video Communications (NASDAQ: ZM) beat expectations for its fiscal third quarter, but offered mixed guidance for the current period. Still, ZM stock rose in extended trading. The San Jose, Calif.-based company earned an adjusted $1.29 a share on sales of $1.14 billion in the quarter ended Oct. 31. Analysts polled by FactSet had expected Zoom earnings of $1.09 a share on sales of $1.12 billion. On a year-over-year basis, Zoom earnings rose 21% while sales increased just 3%. For the current quarter, Zoom predicted adjusted earnings of $1.14 a share on sales of $1.13 billion. That's based on the midpoint of its guidance. Analysts had been looking for earnings of $1.09 a share on sales of $1.13 billion in the fiscal fourth quarter. In the year-earlier period, Zoom earned $1.22 a share on sales of $1.12 billion. Zoom closed its fiscal third quarter with 219,700 enterprise customers, up 5% from the same period last year. Also, Zoom reported 3,731 customers contributing more than $100,000 in trailing 12 months' revenue, up 13.5% year over year. Lately, Zoom has been adding more productivity and artificial intelligence tools to its business communications platform. On Sept. 5, it introduced Zoom AI Companion, a generative AI digital assistant. As of Oct. 30, the tool had generated more than 1 million meeting summaries. Next year, Zoom plans to release Zoom Docs, an AI-powered workspace that can be used for documentation, project tracking and management tasks. Technical Analysist ZM is trading near the bottom of its 52-week range and below its 200-day simple moving average. What does this mean? Investors have been pushing the share price lower, and the stock still appears to have downward momentum.
NASDAQ:ZMLong
by DEXWireNews
Today, Zoom traders prepare for earnings resultsZoom is currently trading around $64.12 as market participants await the company's quarterly performance report, scheduled for release today. Zoom's Performance In Friday's trading, Zoom spiked to 64.76 and consolidated its gains before settling at 64.12. At today's open, Zoom looks set to open around $64.25. There were 4.22 million shares traded on the day, above the 2.68 million shares that would typically trade on an average day. Over the past 5 days, Zoom has undergone a 3.49% appreciation. So far this year, Zoom has underperformed the Nasdaq by 0.26%. Zoom currently has a market cap of $19.30 billion. Technical Outlook Zoom Approaching Key Resistance Level at $65.34 and 66.53 thereafter. Ket Levels: R3 66.53 R2 65.34 R1 64.73 S1 63.54 S2 62.96 S3 61.77
NASDAQ:ZM
by NomolosAI
ZM Zoom Video Communications Options Ahead of EarningsIf you haven`t sold ZM here: or ahead of the previous earnings: Then analyzing the options chain and the chart patterns of RUM Rumble prior to the earnings report this week, I would consider purchasing the 60usd strike price Puts with an expiration date of 2023-11-24, for a premium of approximately $1.25. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:ZMShort
by TopgOptions
Buy ZOOM ahead of their earnings.I have made several big calls this past month of stocks which I think could rally after their earnings call, and ZOOM is one of them... Here is a chart break down of ZOOM's price action since its IPO back in 2019. Stock was earning 120 million trading at $105 a share back in 2019 before Covid19 even existed. The stock has been slaughter the past 24 months falling 90%. However the past 6 months there is real evidence that the stock is trying to form a bottom and I believe the stock is a buy here now that is is only 5% off its all time low. In Q2 2023 back in August, ZOOM announced new features which they were adding to their service which included AI tools. fast forward 1 month and ZOOM announced that their AI tool had already performed 1 million meeting summaries which suggests that their new AI premium upgrade has been very successful. I expect the stock next Monday after the closing bell to announce higher revenue than expected and this could give a stock with no expectations what so ever the opportunity to rally higher towards my TP of $70 which is 13% higher than where the stock currently trades today.
NASDAQ:ZMLong
by DailyMarketMovements
ZM: Zoom has officially topped...Short it.I'm short $ZM since earlier today, I believe it has peaked here. Investors are likely to take profits now that competition has increased dramatically for them. They thrived when the world was locked down due to the threat of COVID-19, but now that vaccines will be widely available and distributed globally very soon, holding shares has become extremely risky. I'd urge everyone holding to sell and buy something oversold with proceeds...If interested in knowing what to buy now, contact me. A short here has very low risk, I think it can last for a long time falling, so do your own due diligence with sizing to not risk more than 1-2% if it goes against you by 3 average ranges. Cheers, Ivan Labrie.
NASDAQ:ZMShort
by IvanLabrie
4