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by SignalFactory   ·  November 30, 2020 | 09:46:36 UTC  


by SignalFactory   ·  November 30, 2020 | 09:46:36 UTC  

Zoom Video Communications (ZM), the poster company for the stay-at-home trade, is poised to report third-quarter results Monday after the closing bell, offering investors clues as to whether the video conferencing company has managed to sustain its breakneck growth.

Zoom is poised to show another monster quarter when it reports results on Monday, with sales growth expected to top 300% for a second straight period.

For its three months ending in July, Zoom’s sales surged by 355% year-over-year, accelerating from the previous quarter’s 170% increase. Revenue likely jumped another 316% during the October quarter, based on consensus analyst estimates compiled by Bloomberg. In August, Zoom Chief Financial Officer Kelly Steckelberg said the company would likely post top-line growth of as much as 314% to $690 million for its fiscal third quarter.

Zoom’s user growth also likely marched higher during the third quarter, which encompassed the start of the back-to-school season when many institutions opted to conduct fully or partially remote learning. Customers with more than 10 employees – a closely watched cohort for Zoom – likely rose by nearly 17,000 to 386,660. During the same quarter last year, Zoom’s customers in this category had totaled fewer than 75,000.

Additionally, a Covid-19 vaccine appears to be on the horizon for 2021. Both Pfizer-BioNTech and Moderna reported preliminary results showing that their respective COVID-19 vaccines were around 95% effective, while the Oxford-AstraZeneca vaccine had an average efficacy of 70%.

It’s not clear what happens to Zoom’s business when people start returning to the office, but the company’s stock has sold off on positive vaccine news.

On Nov. 9, after Pfizer first said its vaccine candidate showed a 90% efficacy rate, Zoom shares plunged 17%. The stock has recouped some of those losses, but it’s still 24% off its high from last month.

It’s an understandable retreat, considering that Zoom is up almost seven-fold this year, reflecting the company’s graduation from a fast-growing but niche cloud software application to a household tech staple that’s used by office workers, students, and for virtual meetups.

Millions of families across the country had to resort to video chat for their Thanksgiving celebrations last week, whether on Zoom, Google Meet, Microsoft Teams, or Apple’s FaceTime. They will likely do the same through the winter holiday season.

For the third quarter, which ended in October, Zoom is expected to show a revenue growth of 317% to $694 million, according to analysts polled by Refinitiv. That follows the growth of 355% in the fiscal second quarter and 169% in the period ended in April.

ZOOM Long (Buy)

ENTER AT: 483.53

T.P_1: 521.48

T.P_2: 574.11

S.L: 453.96

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