Zoom Video Communications Inc (NASDAQ: ZM) stock recovers post a week session

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Zoom Video Communications Inc (NASDAQ: ZM) stock fell over 10% on December 6th, 2019 after the company as the revenue growth rate is weakening. However, the stock recovered over 5.2% on December 9th, 2019 (as of 10:56:36; Source: Investing.com). The company for the third quarter of FY 20, reported the net income of $2.2 million, compared with a loss of $598,000, a year ago. The net cash provided by operating activities was $61.9 million for the third quarter, as compared to $18.2 million in the third quarter of fiscal 2019. The company has generated the free cash flow of $54.7 million, compared to $10.1 million in the third quarter of fiscal 2019. ZM has generated the total cash, cash equivalents, and marketable securities as of October 31, 2019 of $811.4 million. Further, in the third quarter 2020, there has been 67% growth in the number of customers with more than 10 employees to approximately 74,100 customers and 97% growth of in the number of customers that had contributed more than $100K of TTM revenue to 546 customers.

ZM in the third quarter of FY 20 has reported the adjusted earnings per share of 1 cents, beating the analysts’ estimates for the adjusted loss per share of 3 cents, according to analysts surveyed by FactSet. The company had reported the adjusted revenue growth of 85 percent to $166.6 million in the third quarter of FY 20. The non-GAAP income from operations for the third quarter was of $21.3 million, which is up from $1.6 million in the third quarter of fiscal 2019. For the third quarter, non-GAAP operating margin was 12.8%.

The company is expecting the adjusted earnings to be of 7 cents in earnings per share in the fourth quarter on between $175 million and $176 million in revenue. The analysts have projected 4 cents per share on $165.2 million in revenue for the quarter. For the fourth quarter 2020, non-GAAP income from operations is expected to be in the range of $17 million and $18 million

Zoom expects adjusted earnings for fiscal 2020 to be 27 cents per share on the range to be $609 million and $610 million in revenue. The analysts were projecting 19 cents per share on $588.7 million in revenue. For fiscal 2020, the company expects non-GAAP income from operations is expected to be in the range of $67 million and $68 million.

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