5 Stocks in The Limelight After Quarterly Reports

2. Zoom Video Communications, Inc. (NASDAQ:ZM)

Number of Hedge Fund Holders: 56

Shares of Zoom Video Communications, Inc. (NASDAQ:ZM) fell to their lowest level in nearly 18 months after announcing the financial results for its fiscal third quarter on Monday, 22 November 2021. The communications technology company reported adjusted earnings of $1.11 per share, up from 99 cents per share in the year-ago quarter.

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In addition, Zoom Video Communications, Inc. (NASDAQ:ZM) posted revenue of $1.05 billion, up 35 percent versus the comparable period of 2020. The results surpassed the consensus forecast of $1.09 per share for earnings and $1.02 billion for revenue.

Looking forward, Zoom Video Communications, Inc. (NASDAQ:ZM) expects adjusted earnings in the range of $1.06 – $1.07 per share and revenue between $1.051 – $1.053 billion for its fiscal fourth quarter.