11/9/2023 0 Comments Zm zoom![]() ![]() “We believe ZM may struggle to maintain positive y/y revenue growth as the more profitable Online/SMB business continues to decline from pull-forward/macro/competitive headwinds,” the analyst concluded. While we are relatively more optimistic on the enterprise side, we still see ramping competition from Teams and elevated deal scrutiny driving slowing growth,” the analyst added.Īlong these lines, Radke further cut below-Street estimates. “Our primary concern is the Online segment which has structurally high churn rates (~40% annualized) making the business inherently reliant on new SMB customer acquisition, which has been a challenge for software companies in F4Q. Still, Radke remains concerned about forward estimates and growth prospects. Upgrade to Premium to see how ZM scored across 33 valuation, financial. Moreover, CEO Eric Yuan and other top executives will take pay cuts. posted higher sales in the fourth quarter on strong growth from enterprise customers and forecast profit ahead of Wall Street. “We remain sellers of ZM despite positive headlines on margins post recent restructuring news,” Radke wrote in a client note.Įarlier this month, Zoom announced it is laying off about 1,300 employees, or roughly 15% of its workforce. (2 minutes) Zoom Video Communications Inc. ![]()
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