{ }
Symbol ZM
Name Zoom Video Communications, Inc.
Currency USD
Sector Communication Services
IndustryGroup Telecommunication Services
Industry Diversified Telecommunication Services
Market NASDAQ Global Select
Country United States
State CA
City San Jose
Zipcode 95113
Website http://www.zoom.us
UBS has raised its price target for Zoom Video Communications from $75 to $90 but maintains a "neutral" rating due to concerns over limited growth potential. The company anticipates only 3% revenue growth for Q4, indicating a conservative outlook for fiscal year 2026, which may dampen bullish investor sentiment. Despite Zoom's strong market presence and innovation, the current projections suggest challenges in returning to a higher growth trajectory.
Zoom Video Communications Inc. provided a sales forecast of approximately $1.18 billion for the upcoming quarter, which fell short of investor expectations for a larger increase from its expanded product offerings. The company anticipates adjusted earnings between $1.29 and $1.30 per share, slightly above analysts' average projection of $1.28 per share on sales of $1.17 billion, according to data compiled by Bloomberg.
Canva Inc. has appointed former Zoom CFO Kelly Steckelberg as its new financial executive, signaling potential plans for an IPO. The design software company, a key competitor to Adobe, recently achieved a valuation of $32 billion, up from $26 billion earlier this year. Steckelberg will begin her role on November 26.
Stocks experienced a modest decline on Tuesday, with the S&P 500 falling 0.3% and the Dow Jones Industrial Average losing nearly 1%. Despite this, all major indices remain up significantly for November, with the Nasdaq Composite gaining nearly 6.6%. Key stock pickers are in focus, and CyberArk Software is set to report results Wednesday, having dropped 5.5% on Tuesday.
The US telemedicine market is projected to grow from $26.10 billion in 2023 to $89.92 billion by 2033, with a CAGR of 13.17%. Key growth drivers include the integration of AI in teleradiology, the expansion of eHealth research, and rising healthcare spending, despite challenges like a shortage of qualified personnel and privacy concerns. The tele-hospital and clinic segment is expected to dominate revenue, while radiology leads in specialty market share.

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