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TechStock Radar
E-mail: Rob@techstockprospector.com
Technorati
September 2020
Archives
 
Tuesday, September 1, 2020, 4:55 PM — by Rob DeFrancesco, TechStock Radar
Zoom Video Surges on Strong Earnings

Shares of Zoom Video (ZM, $457.69) today surged 40.7% and hit a new all-time high of $478 after the company last night reported FQ4 (July) EPS of 92 cents, 47 cents above the consensus estimate, on revenue of $663.5 million (+355% year over year) versus the consensus of $500.4 million. 


Zoom now has about 370,200 customers, up 458% from the year-ago level. There are 988 customers with more than $100,000 in trailing 12-month revenue, up 112% year over year.


For FQ3, Zoom sees revenue of $$685 million to $690 million, well above the consensus of $492.9 million. EPS guidance of 73 cents to 74 cents easily beats the consensus of 35 cents.


We highlighted Zoom Video as a main beneficiary of the Work From Home push in the March 2020 issue of Tech-Stock Prospector (TSP #217).

   
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