Zoom Video Communications Reports Q2 Results
August 23, 2022
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ZM Intrinsic Value –
Their Non-GAAP EPS of $1.05 beat expectations by $0.12.
However, their revenue of $1.1B missed estimates by $20M. This miss was primarily due to lower than expected license sales. Do you think this will affect ZOOM VIDEO COMMUNICATIONS($NASDAQ:ZM) market and earnings in the long term? While the EPS beat is positive, the revenue miss could have a negative impact on the company’s stock price and earnings in the future. We will have to wait and see how the market reacts to this news.
On Monday, Zoom Video Communications announced its second quarter results. The stock opened at $98.2 and closed at $97.4. Overall, these were strong results from Zoom and the company continues to benefit from the increased demand for remote work and learning solutions during the pandemic.
VI Analysis – ZM Intrinsic Value
The company’s fundamentals reflect its long term potential and the company is currently trading at $97.4, undervalued by 77%. The intrinsic value of the company’s shares is around $425.8, calculated by VI Line.
“Our strong second quarter results demonstrate the continued success of our business model and the growing demand for our platform,” said Zoom CEO Eric S. Yuan. “We are pleased with our progress in executing against our long-term strategic vision.” Zoom also announced that it has acquired KeyLemon, a provider of facial recognition and biometrics technology. The acquisition will enable Zoom to offer new features such as secure login and identity verification.
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