Zoom Video Analysts Say Guidance Points To Decelerating Growth After Q3 Beat
Zoom Video Analysts Say Guidance Points To Decelerating Growth After Q3 Beat
Zoom Video reported "solid" quarterly results, with revenue beating consensus by 1%, Zoom Video Communications Inc (NASDAQ:ZM) shares tanked in early trading on Tuesday, after the company reported upbeat third-quarter results.
zoom視頻通訊公司（納斯達克：ZM）在週二早盤交易中股價暴跌，此前該公司發佈了樂觀的第三季度業績。
The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.
公司在一季度盈利季中發佈了其業績。以下是一些重要的分析師觀點。
Goldman Sachs On Zoom Video Communications
高盛關於zoom視頻通訊的分析
Analyst Kash Rangan maintained a Neutral rating while raising the price target from $72 to $86.
分析師Kash Rangan維持中立評級，同時將目標價從72美元上調至86美元。
Zoom Video reported "solid" quarterly results, with revenue beating consensus by 1%, operating margin by 90 basis points (bps), and billings growth by 350 bps, Rangan said in a note. The results indicated "stability in the core," with Enterprise revenues growing 6% and the company recording record-low online churn, he added.
Rangan在一份報告中表示，zoom視頻公佈了"穩健"的季度業績，營業收入超出市場共識1%，營業利潤率提高90個點子，賬單增長350個點子。這些結果表明"核心業務的穩定性"，企業收入增長6%，且公司記錄了最低的在線流失率。
The stock lost around 5% in after-hours trading on Monday as the company announced a lower-than-expected upward revision of its fourth-quarter guidance, "undermining confidence in a near-term growth inflection," the analyst stated.
股票在週一的盤後交易中下跌約5%，因爲公司宣佈對第四季度指引上調的預期低於預期，這"削弱了對短期增長轉折的信心，"分析師表示。
Zoom Videos' AI momentum is highlighted by AI Companion's monthly active users (MAUs) rising 59% versus the previous quarter, "which we believe helps validate Zoom's AI approach and sets a strong foundation for eventual monetization," he further wrote.
zoom視頻的人工智能勢頭體現在AI Companion的月活躍用戶數（MAU）比上一季度上漲59%，"我們認爲這有助於驗證zoom的人工智能策略，併爲最終的貨幣化奠定了堅實基礎，"他進一步寫道。
Check out other analyst stock ratings.
查看其他分析師的股票評級。
JPMorgan On Zoom Video Communications
摩根大通關於zoom視頻通訊的分析
Analyst Mark Murphy reiterated a Neutral rating and price target of $80.
分析師馬克·墨菲重申了中立評級和80美元的目標價。
Zoom Video guided to fourth-quarter revenue growth of 2.7%, representing a deceleration from the third quarter's 3.6% growth, Murphy said. Management hinted that revenue growth in fiscal 2026 would be closer to the fourth quarter's 2.7% projection, which is below current Street expectations of 3.3%, he added.
墨菲表示，zoom視頻預計第四季度營業收入增長2.7%，這比第三季度的3.6%增長有所放緩。管理層暗示2026財年的營業收入增長將更接近第四季度的2.7%預測，低於目前市場預期的3.3%。
Investors may remain on the sidelines until there is greater visibility into the pace of revenue growth as well as medium-term pro-forma operating and free cash flow margins, the analyst stated. "All else equal, we think the repurchasing of shares sends a supportive signal as to Zoom's view of the underlying business," he further wrote.
分析師表示，投資者可能會在一旁觀望，直到對營業收入增長的速度以及中期前瞻營業利潤和自由現金流利潤率有更大的可見性。他進一步寫道：「其他條件相同，我們認爲回購股份向市場傳達了zoom對其業務基本面的支持信號。」
ZM Price Action: Shares of Zoom Video Communications declined by 6.91% to $82.95 at the time of publication on Tuesday.
Zm價格動態：在週二發佈時，zoom視頻通訊的股票下跌了6.91%，至82.95美元。
Read More:
• Leslie's Posts Weak Results, Joins Zoom Video And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
閱讀更多：
• leslie's發佈疲軟業績，加入zoom視頻及其他大型股票在週二盤前交易中走低。
