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ZOOM VIDEO COMMUNICATIONS INC

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5ZM trade ideas

Zoom performs above expectations (28/02/2024)Zoom Video Communications Inc. reported adjusted earnings of $1.22 per share on revenue of $1.15 billion, while analysts surveyed by LSEG had expected earnings of just $1.15 on revenue of $1.13 billion. Corporate clients increased by 3.5% over the year to 220.4k. In addition, the issuer announced a share buyback of $1.5 billion. Against this backdrop, Zoom shares began to rise as the company traded below the average values of many multiples. So, today, we have decided to look at the Zoom Video Communications, Inc. (NASDAQ: ZM) stock chart. On the D1 timeframe, support has shifted to 62.95, and resistance has been surpassed at 64.48. Also, yesterday, 27 February, a breakout of the descending channel appeared on the chart, signalling an upward shift in the trend. On the H1 timeframe, a rebound from the 64.48 level could set a short-term target for a price increase at 74.64, while in the medium term, it could hover around 80.88. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NASDAQ:ZM
by RoboMarkets
Is ZM Finally Buyable?ZM longs have been absolutely eviscerated since 2020. One of the quintessential names of the 2020 exuberance, it has since seen a 90% drawdown from the 2020 high to the 2023 low late last year. However, ZM has seen a trading range between 60 and 75 for almost a year now. This basing has clear analogs to Wyckoff accumulation, and the failed breakdown in October with low volume and no follow through could have finally put in a durable bottom. The 50SMA crossed above the 200SMA in January, providing a clue about the possibility for a shift in trend on this beaten down name. If ZM sees markup and can break out of this accumulation range, it is possible we could see a gap fill of the August 2022 earning gap around 97.4. As a trade, a tight stop at the recent low of 63.06 presents a very favorable setup, with a potential > 10:1 RR. There was a time when ZM was a clear no-touch, and for good reason. But after the absolute destruction in value over the last few years, to finally allow price to re-align with more reasonable valuation levels, this name can finally be taken back out of the penalty box.
NASDAQ:ZMLong
by CycleTargets
ZOOM Backwards, minus Z, plus N equals MOON (Moon Math edition)Lines labeled. Watch Trends. Note Daily Time Frame. Personally, I like 103 on a potential move to the upside. There is a possibility of some small downside in the short term, but it's a favorable buy if you're bullish on Zoom. Gap closes just over 100, I believe, so I'd use caution at that point. I could see something like this if it wants to ride those short term trends upwards. Breakout over this trend is likely to cause the higher price targets. ZOOM OUT (lol, puns) Weekly view. RSI is the thing to note here. 74 vs 72 looking at a bounce, If you don't know indicators, this simply implies bullish still, it can break down pretty easily, but it needs to close the week that way. This allows for a bigger view, which helps show how the price can justify such large swings. Extreme lows are 14 and under.
NASDAQ:ZM
by nicktussing77
2
Zoom (ZM) Looking to Breakout after Extended ConsolidationI really like this opportunity from ZM here. The stock is cheap on many metrics and the market is pricing in a bearish case. If ZM can post even minimal growth in 2024, the stock should rip. We've had almost a year of consolidation in this $60-$74 range and we're attempting to break out. It's just a matter of time. I'm targeting ~$97 to fill the gap made in August 2022. After such a long period of consolidation, a breakout should cause some short covering and bring in traders on a technical basis. If we break below the range, it would signal a failure and I would cut my losses High probability trade Target: $97 (+34%) Stop Loss: $58 (-19%) - Sultan of Chart
NASDAQ:ZMLong
by Sultan_of_Chart
Zoom (ZM) beat Q3 FY2024 revenue estimates with a 3.2% YoY- 📈 Zoom (NASDAQ:ZM) beat Q3 FY2024 revenue estimates with a 3.2% YoY increase to $1.14 billion. - 💹 Revenue guidance for the full year exceeded analysts' estimates, but Q4 guidance of $1.13 billion was 0.3% below expectations. - 💰 Non-GAAP EPS improved to $1.29 per share, up from $1.07 per share in the same quarter last year. - 📊 Free Cash Flow increased by 56.6% to $453.2 million, and Net Revenue Retention Rate was 105%. - 🌐 Zoom reported 3,731 enterprise customers paying more than $100,000 annually, a slight increase from the previous quarter. - 📉 Despite beating revenue expectations, Zoom's Q3 results showed a modest 3.2% YoY growth, prompting attention to sales decline and slowing large customer momentum. - 📉 The net revenue retention rate of 105% missed expectations, but the market is rewarding Zoom for robust cash generation. - 📊 Zoom's stock is up 6% post-reporting, trading at $70.02 per share with a market capitalization of $19.3 billion and a $6.49 billion cash balance.
NASDAQ:ZMLong
by ShukriMahadi
ZOOM - WEEKLY BULLISH DIVERGENCE - BUY NOW In September 2022 we published the trading idea where we expected more downside for ZOOM: Now it's time for an update and more details! ZOOM price most likely is at the bottom now or very close to the bottom. Weekly bullish divergences are not a joke. We expect at least 75 % pump. What about the stop loss? You can put a stop loss below the key support, however be careful! It may just fakeout below the support to kick you out from your trade. ZOOM is down 88 % from its ATH. It's not a time to be bearish. DCA into ZOOM and enjoy the profit soon.
NASDAQ:ZMLong
by vf_investment
20
Zoom (NASDAQ: ZM) Video Communications Beats Q3 TargetsZoom Video Communications (NASDAQ: ZM) beat expectations for its fiscal third quarter, but offered mixed guidance for the current period. Still, ZM stock rose in extended trading. The San Jose, Calif.-based company earned an adjusted $1.29 a share on sales of $1.14 billion in the quarter ended Oct. 31. Analysts polled by FactSet had expected Zoom earnings of $1.09 a share on sales of $1.12 billion. On a year-over-year basis, Zoom earnings rose 21% while sales increased just 3%. For the current quarter, Zoom predicted adjusted earnings of $1.14 a share on sales of $1.13 billion. That's based on the midpoint of its guidance. Analysts had been looking for earnings of $1.09 a share on sales of $1.13 billion in the fiscal fourth quarter. In the year-earlier period, Zoom earned $1.22 a share on sales of $1.12 billion. Zoom closed its fiscal third quarter with 219,700 enterprise customers, up 5% from the same period last year. Also, Zoom reported 3,731 customers contributing more than $100,000 in trailing 12 months' revenue, up 13.5% year over year. Lately, Zoom has been adding more productivity and artificial intelligence tools to its business communications platform. On Sept. 5, it introduced Zoom AI Companion, a generative AI digital assistant. As of Oct. 30, the tool had generated more than 1 million meeting summaries. Next year, Zoom plans to release Zoom Docs, an AI-powered workspace that can be used for documentation, project tracking and management tasks. Technical Analysist ZM is trading near the bottom of its 52-week range and below its 200-day simple moving average. What does this mean? Investors have been pushing the share price lower, and the stock still appears to have downward momentum.
NASDAQ:ZMLong
by DEXWireNews
Today, Zoom traders prepare for earnings resultsZoom is currently trading around $64.12 as market participants await the company's quarterly performance report, scheduled for release today. Zoom's Performance In Friday's trading, Zoom spiked to 64.76 and consolidated its gains before settling at 64.12. At today's open, Zoom looks set to open around $64.25. There were 4.22 million shares traded on the day, above the 2.68 million shares that would typically trade on an average day. Over the past 5 days, Zoom has undergone a 3.49% appreciation. So far this year, Zoom has underperformed the Nasdaq by 0.26%. Zoom currently has a market cap of $19.30 billion. Technical Outlook Zoom Approaching Key Resistance Level at $65.34 and 66.53 thereafter. Ket Levels: R3 66.53 R2 65.34 R1 64.73 S1 63.54 S2 62.96 S3 61.77
NASDAQ:ZM
by NomolosAI
ZM Zoom Video Communications Options Ahead of EarningsIf you haven`t sold ZM here: or ahead of the previous earnings: Then analyzing the options chain and the chart patterns of RUM Rumble prior to the earnings report this week, I would consider purchasing the 60usd strike price Puts with an expiration date of 2023-11-24, for a premium of approximately $1.25. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:ZMShort
by TopgOptions
Buy ZOOM ahead of their earnings.I have made several big calls this past month of stocks which I think could rally after their earnings call, and ZOOM is one of them... Here is a chart break down of ZOOM's price action since its IPO back in 2019. Stock was earning 120 million trading at $105 a share back in 2019 before Covid19 even existed. The stock has been slaughter the past 24 months falling 90%. However the past 6 months there is real evidence that the stock is trying to form a bottom and I believe the stock is a buy here now that is is only 5% off its all time low. In Q2 2023 back in August, ZOOM announced new features which they were adding to their service which included AI tools. fast forward 1 month and ZOOM announced that their AI tool had already performed 1 million meeting summaries which suggests that their new AI premium upgrade has been very successful. I expect the stock next Monday after the closing bell to announce higher revenue than expected and this could give a stock with no expectations what so ever the opportunity to rally higher towards my TP of $70 which is 13% higher than where the stock currently trades today.
NASDAQ:ZMLong
by DailyMarketMovements
ZM: Zoom has officially topped...Short it.I'm short $ZM since earlier today, I believe it has peaked here. Investors are likely to take profits now that competition has increased dramatically for them. They thrived when the world was locked down due to the threat of COVID-19, but now that vaccines will be widely available and distributed globally very soon, holding shares has become extremely risky. I'd urge everyone holding to sell and buy something oversold with proceeds...If interested in knowing what to buy now, contact me. A short here has very low risk, I think it can last for a long time falling, so do your own due diligence with sizing to not risk more than 1-2% if it goes against you by 3 average ranges. Cheers, Ivan Labrie.
NASDAQ:ZMShort
by IvanLabrie
4