CryptoFundManager

ZM Zoom Video Communications Earnings much better than expected

Long
NASDAQ:ZM   Zoom Video Communications, Inc
If you haven`t bought ZM Zoom Video Communications ahead of earnings:

Then you should know that yesterday`s P/E was 19.96 and it`s about to improve today.
Cathie Wood has already bought more ZM shares yesterday ahead of the earnings!

The adjusted profits were $1.03 per share VS Street forecast of 87 cents
Revenues rising 12% to $1.074 billion.
Margins improved to 37.2%

Future adjusted profits between $3.70 and $3.77 per share
Net income between $1.48 billion to $1.5 billion.

My price target for ZM is $115.

Looking forward to read your opinion about it.

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