What’s going on with Zoom Video Stock today? – Zoom Video Comms (NASDAQ:ZM)

Shares of Zoom Video Communications, Inc. ZM will trade higher on Monday. The company is expected to report earnings results after the market closes. Here’s what you need to know:

What you should know: Zoom Video is expected to report fiscal 2025 third quarter financial results after the market close. Analysts expect the company to report profit of $1.31 per share for the quarter, up from $1.29 per share a year ago. Revenue is expected to be $1.16 billion, compared to $1.14 billion in the same period last year, according to Benzinga Pro.

In the company’s most recent quarter, Zoom reported earnings of $1.39 per share, beating the estimate of $1.21 by 14.88%. Revenue came in at $1.16 billion, beating expectations and reflecting a 2.09% year-over-year increase.

“In the second quarter, we exceeded our forecasts across the board, increasing operating cash flow and free cash flow by 33.7% and 26.2% year-over-year, respectively, demonstrating our continued commitment to efficient growth,” said Zoom- CEO Eric Yuan said last quarter.

“We also saw strength in large accounts, whose customers contributed more than $100,000 in the last 12 months, up 7.1% year over year, as well as resilience in our online business, with average monthly online churn reached its lowest level ever.”

Shares of Zoom Video have gained nearly 24% since the company’s last earnings release. The stock is currently trading at new 52-week highs ahead of the earnings release. According to Benzinga Pro, Zoom Video has a 52-week low of $55.06.

Several analysts have weighed in on Zoom shares in recent weeks ahead of earnings. Rosenblatt analyst Catharine Trebnick maintained a buy rating and $78 price target on Zoom. Morgan Stanley analyst Meta Marshall maintained her Equal-Weight rating and raised the price target to $86 from $68.

ZM price promotion: According to Benzinga Pro, Zoom shares were up 3.57% at $88.96 at the time of publication.

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