📈 Zoom Video Communications is experiencing growth thanks to AI! 🚀
Shares of Zoom $ZM+1.3% are up more than 19 % to $70, the highest level since March of this year.
The company Zoom beat analysts' expectations on both earnings and revenue. It managed to retain more customers and increase sales of its high-end packages thanks to its advanced artificial intelligence offerings. 🤖
Zoom
ZM📊 For the second quarter of fiscal 2025, Zoom reported adjusted earnings per share of $1.39, beating estimates, and revenue rose to $1.16 billion. Online customer churn rate declined to an all-time low 2,9 %. The company also saw strong growth among its business customers, which now number 3,933 with annual revenues exceeding $100,000.
Despite the success, the stock remains far from its all-time highs from October 2020, when they surpassed 500$ thanks to the global pandemic Covid-19. Zoom however, expects full-year earnings between 5,29$ to 5,32$ per share, which is above expectations. 📅💼
There will also be a big change in the CFO position Kelly Steckelberg after seven years at Zoom has announced her resignation. She will continue until the release of the current quarter's results while the search for her successor is underway. 🔄👥
Anyone still following Zoom, a company that experienced its heyday thanks to the pandemic?
It's an interesting business and again a bit different and distinct, which I enjoy/am interested in, but don't plan on buying.
Well, it looks like nice growth. It should be noted that this is one of the few positive moves in the stock since the decline from the peak in the pandemic. The company is now undervalued in my opinion, but I wouldn't expect it to be able to look near the absolute highs of 2020 anytime soon.