Buy Zoom(ZM) Ahead of Q2 Earnings?

$Zoom Video Communications (ZM.US)$  has been a star of the coronavirus economy. It’s up 333% YTD!

The Zoom Q2 fiscal 2021 earnings conference call is scheduled at  5:30 PM (EST)/2:30 PM (PDT), Aug 31, 2020.

You can listen to the earnings call directly in moo community to get first-hand infomation. Follow @moo_Live and stay tuned!

Analysts on average are forecasting a huge surge in profitability for Zoom -- $0.45 per share, on sales of more than $500 million, which would be more than triple last year's Q2 revenue take.

Morgan Stanley predicts that Zoom will deliver a "meaningful beat" on both counts, and show improvement in long-term contracts with its customers to boot. The investment banker raised its price target on Zoom stock more than 25%, to $240 a share, reports TheFly.com yesterday.

However, Zoom Video continues to face substantial competition from the likes of $Cisco (CSCO.US)$ , $Microsoft (MSFT.US)$ and Google Meet.

The “freemium”business model has worked so far, the Q1 blowout results highlighted its ability to attract more paying customers. we'll see if the company's paid plans gain speed.