NVDA
NVIDIA
-- 126.406 TSLA
Tesla
-- 284.765 SMCI
Super Micro Computer
-- 44.930 PLTR
Palantir
-- 88.650 MARA
MARA Holdings
-- 13.665 Is it the end for Zoom Video Communications?
If last year someone told you that $Zoom Communications (ZM.US)$ will be trading at just usd 210 a share, no one would have believed you.
Zoom had been one of the pandemic beneficiary companies as we demanded for more and a better video conferencing app. During a time where $Alphabet-A (GOOGL.US)$ and $Microsoft (MSFT.US)$ were struggling to optimize their video conferencing app, Zoom emerged as the best option.
Today, due to slowed down of growth and a rather niche service just centralizing around video conferencing, Zoom share prices are suppressed. Here are a few points to take note based on their latest Q3-22 results
1. Revenue grew 35% YoY
2. Zoom phone in particular, saw triple digit growth YoY, reaching 30 customers with 10k+ paid seats
3. Customers contributing to more than $100k increased by 94%
4. Dollar expansion rate maintains strong at above 130%, which is the 14th consecutive quarter above 130%
5. Increased contribution regionally from EMEA and APAC
Even though the results were spectacular, but with a slowed down in growth, market and analysts have downgraded their previous price targets. Do they have the best in class video conferencing platforms? Yes.
But is the current valuation justified? Food for thought!![]()
Zoom had been one of the pandemic beneficiary companies as we demanded for more and a better video conferencing app. During a time where $Alphabet-A (GOOGL.US)$ and $Microsoft (MSFT.US)$ were struggling to optimize their video conferencing app, Zoom emerged as the best option.
Today, due to slowed down of growth and a rather niche service just centralizing around video conferencing, Zoom share prices are suppressed. Here are a few points to take note based on their latest Q3-22 results
1. Revenue grew 35% YoY
2. Zoom phone in particular, saw triple digit growth YoY, reaching 30 customers with 10k+ paid seats
3. Customers contributing to more than $100k increased by 94%
4. Dollar expansion rate maintains strong at above 130%, which is the 14th consecutive quarter above 130%
5. Increased contribution regionally from EMEA and APAC
Even though the results were spectacular, but with a slowed down in growth, market and analysts have downgraded their previous price targets. Do they have the best in class video conferencing platforms? Yes.
But is the current valuation justified? Food for thought!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Co-founder, chief editor and analyst of mykayaplus.com
6956
Followers
13
Following
8129
Visitors
Follow