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视频通讯公司（纳斯达克：ZM）在周二早盘交易中股价暴跌，此前该公司发布了乐观的第三季度业绩。
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发布了其业绩。以下是一些重要的分析师观点。
Goldman Sachs On Zoom Video Communications
高盛关于zoom视频通讯的分析
Analyst Kash Rangan maintained a Neutral rating while raising the price target from $72 to $86.
分析师Kash Rangan维持中立评级，同时将目标价从72美元上调至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在一份报告中表示，zoom视频公布了"稳健"的季度业绩，营业收入超出市场共识1%，营业利润率提高90个基点，账单增长350个基点。这些结果表明"核心业务的稳定性"，企业收入增长6%，且公司记录了最低的在线流失率。
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.
股票在周一的盘后交易中下跌约5%，因为公司宣布对第四季度指引上调的预期低于预期，这"削弱了对短期增长转折的信心，"分析师表示。
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视频的人工智能势头体现在AI Companion的月活跃用户数（MAU）比上一季度上涨59%，"我们认为这有助于验证zoom的人工智能策略，并为最终的货币化奠定了坚实基础，"他进一步写道。
Check out other analyst stock ratings.
查看其他分析师的股票评级。
JPMorgan On Zoom Video Communications
摩根大通关于zoom视频通讯的分析
Analyst Mark Murphy reiterated a Neutral rating and price target of $80.
分析师马克·墨菲重申了中立评级和80美元的目标价。
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视频预计第四季度营业收入增长2.7%，这比第三季度的3.6%增长有所放缓。管理层暗示2026财年的营业收入增长将更接近第四季度的2.7%预测，低于目前市场预期的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.
分析师表示，投资者可能会在一旁观望，直到对营业收入增长的速度以及中期前瞻营业利润和自由现金流利润率有更大的可见性。他进一步写道：“其他条件相同，我们认为回购股份向市场传达了zoom对其业务基本面的支持信号。”
ZM Price Action: Shares of Zoom Video Communications declined by 6.91% to $82.95 at the time of publication on Tuesday.
Zm价格动态：在周二发布时，zoom视频通讯的股票下跌了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
阅读更多：
• leslie's发布疲软业绩，加入zoom视频及其他大型股票在周二盘前交易中走低。
