Published on 26 Nov 2024 on Benzinga
What's Going On With Zoom Communications Stock Tuesday? - Zoom Video Comms...
Zoom Video Communications Inc ZM shares are trading lower on the heels of the company’s third-quarter financial results. The stock is off the lows of the session as analysts lift price targets following the print. Here’s what you need to know.
Total revenue was up 3.6% on a year-over-year basis. Enterprise revenue was up 5.8% year-over-year, while online revenue was flat year-over-year. Zoom, which changed its name from Zoom Video Communications to Zoom Communications on Monday, ended the quarter with approximately 192,400 enterprise customers. Online monthly average churn reached an all-time low of 2.7% in the quarter.