Earlier on June 9,, Zoom revealed that it has introduced the new Zoom Phone Appliances, which is “an all-in-one desk phone solution for HD video meetings, phone calls, and interactive whiteboarding. Last week, Zoom Video Communications was named as one of the software industry picks by RBC, considering that its products are “a critical component of the coming hybrid work norm” and that “the sharp pullback has created an attractive entry point” for the stock. Initially, ZM’s share price declined marginally by ZM’s subsequent share price increase in the past two weeks is likely due to selected sell-side analyst bullishness and the launch of new product solutions relating to Zoom Phone. It is relevant to note Zoom’s stock price reaction post-1Q FY YE January 31, results announcement, which was released on June 1, after trading hours. Considering these factors, I continue to rate Zoom’s shares as Neutral.
However, I am positive on Zoom Phone becoming a key growth driver for the company in time to come. Zoom stock is not a good Buy for me now, as its rich valuations are not aligned with the company’s slower pace of growth going forward. Zoom’s top line is expected to grow in calendar year or fiscal year, but its stock price might not increase this year as result of lower growth expectations. ZM’s earnings are forecast to ZM revenue forecast What is ZM’s revenue in the next 3 years based on estimates from 6 analysts? ZM’s revenue is forecast to ZM’s revenues are forecast to This article provides an update on the growth outlook for the company. Forecast return on equity Is ZM forecast to generate an efficient return? ZM’s Return on Equity is Forecast return on assets Is ZM forecast to generate an efficient return on assets? ZM is forecast to generate ZM earnings per share forecast What is ZM’s earnings per share in the next 3 years based on estimates from 6 analysts? Avg 1 year Forecast. View analysts’ price targets for Zoom Video Communications or view top-rated stocks among Wall Street analysts/5. This suggests a possible upside of % from the stock’s current price.
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