Zoom Shares Slide as Analysts Express Concern Over Valuation

Shares of Zoom Video Communications  (ZM) – Get Report fell sharply Tuesday, as analysts expressed concern about valuation despite the video-conferencing company releasing a strong earnings report.

Zoom recently traded at $424.98, down almost 11%. But the stock skyrocketed 603% year to date through Monday, with usage exploding as the coronavirus pandemic forced people to stay at home.

For its fiscal 2021 third quarter ended Oct. 31, San Jose-based Zoom reported profit of 99 cents per share on revenue of $777.2 million. Analysts expected earnings of 76 cents per share with revenue of $693.95 million.

After Covid, however, the work-from-home and school-from-home dynamic may diminish, Morgan Stanley analysts said, according to Bloomberg. Morgan Stanley has an equal weight rating and a $380 price target on Zoom. The total addressable market of $100 billion leaves plenty of room for growth, but the analysts see valuation trading between their

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Zoom Projects Revenue That Would Top Analysts’ Estimates

Zoom’s slowing revenue expansion in the current period highlights investors’ concerns that 2021 won’t be as favorable for the software maker as this year, when the company gained customers forced to work and go to school remotely. Zoom’s stock has jumped sevenfold this year, heightening questions about whether the company is overvalued.

In the fiscal third quarter, Zoom said sales increased 367% to $777.2 million from a year earlier. Profit, excluding some items, was 99 cents a share. Analysts projected revenue of $693.4 million and adjusted profit of 75 cents.

Zoom’s stock has become a barometer of the pandemic economy, rising when Covid-19 lockdowns emerge and falling on good news about vaccines. Chief Executive Officer Eric Yuan has tried to diversify Zoom’s capabilities for large enterprises, small- and mid-sized businesses and individuals so the company can grow after the coronavirus is controlled and greater numbers of workers return to their

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Analysts Estimate Coupa Software. (COUP) to Report a Decline in Earnings: What to Look Out for

Coupa Software. (COUP) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended October 2020. This widely-known consensus outlook gives a good sense of the company’s earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on December 7. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management’s discussion of business conditions on the earnings call, it’s worth handicapping the probability of a positive EPS surprise.

Zacks Consensus Estimate

This company is expected to post quarterly earnings of $0.04 per share in its upcoming report,

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Analysts: Salesforce could use Slack Connect to expand networking ambition

Salesforce’s interest in acquiring Slack could be the answer to its long search for a customer collaboration service.

The deal, which is reportedly being discussed by the two companies, could potentially see a B2B collaboration network built within Slack Connect, according to analysts.

Salesforce has added a variety of companies to its portfolio in recent years, using its expanding market cap to branch out into new sectors. MuleSoft was acquired in 2018 for $6.5 billion, and a further $15.3 billion was spent on data visualisation company Tableau in 2019.

However, a deal to acquire Slack would represent one of the biggest ever acquisitions in tech. The comms platform is currently valued at around $20bn, but it’s thought that the full cost of the acquisition could be on par with Microsoft’s $27 billion purchase of LinkedIn in 2016, or even IBM’s $34 billion deal to take over Red Hat in 2019.

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Celestica to Hold a Virtual Meeting About Its Joint Design and Manufacturing Business With Analysts and Investors

TORONTO, Nov. 25, 2020 (GLOBE NEWSWIRE) — Celestica Inc. (NYSE:CLS)(TSX:CLS), a leader in design, manufacturing and supply chain solutions for the world’s most innovative companies, today announced it will hold an analyst and investor meeting on December 2 at 4:00pm ET. During the meeting, Celestica’s management will provide an overview of Celestica’s Joint Design and Manufacturing business, and will reaffirm Q4 2020 guidance and outline near-term expectations.

To participate in the conference call in listen-only mode, please dial (647) 788-4919 or 1 (877) 291-4570. To ensure your participation, please call in approximately ten minutes prior to the scheduled start of the call. Analysts will have the opportunity for a Q&A with speakers following the formal remarks.

A webcast is also available at:
A recorded webcast will be available approximately two hours after completion of the call for 12 months. To access the recorded webcast visit www.celestica.com.

About Celestica

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VMware Gets Wary Support From Analysts on Third-Quarter Results

Several analysts gave guarded praise to VMware  (VMW) – Get Report Wednesday after the cloud-computing company beat Wall Street’s third-quarter earnings expectations .

Shares of the Palo Alto, Calif.-based company, which is a subsidiary of Dell Technologies  (DELL) – Get Report, were down 2.62% to $146.63 in pre-market trading.

VMware reported net income of $704 million, or $1.66 per share, up from $602 million, or $1.42 per share a year ago. FactSet’s consensus called for earnings of $1.44 per share.

The combination of subscription and Software as a Service (SaaS) and license revenue came to $1.32 billion, an increase of 10% from a year ago. 

“The star of the show was the bottom-line performance as tighter expense controls led to a massive beat,” wrote Wedbush analyst Daniel Ives, who maintains an outperform rating with a $175 price target, “which we believe is sustainable for the

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Top analysts say buy stocks like Amazon & Yelp

Jin Lee | Bloomberg | Getty Images

Out on Wall Street, stocks are taking a breather from this month’s rally. Despite encouraging updates on a potential coronavirus vaccine, disappointing unemployment data and a spike in coronavirus cases have spooked investors.

Not helping investor sentiment, New York City Mayor Bill de Blasio announced that schools would return to remote learning to mitigate the virus’ spread.

“The market has really been in a celebratory mode since Election Day and rode through it again last week. I think the idea now is people are beginning to consider taking some profits ahead of expectations that taxes related to capital gains could rise in 2021. I also think there’s the consideration of the transition in COVID to post-COVID… Even with the resurgence, all the vaccine news tells us [is] there is a post-COVID ahead,” Oppenheimer’s Chief Investment Strategist John Stoltzfus noted.

As plenty of question

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Analysts highly recommend this telecom service share, with an upside of 40%

Analysts are highly positive on Bharti Airtel, the flagship company of Bharti Enterprises. They see an upside of up to 40% from the current market price in the next one year. Axis Securities recommend to buy the stock with a target price of 676, Motilal Oswal has kept the target at 650, HDFC Securities has put a target price of 597, Dolat Research has kept the target at 605 per share. Analysts are impressed by the rise in Bharti Airtel’s ARPU (Average revenue per user) sequentially for the fourth straight quarter. Currently, a share of Bharti Airtel is trading at 480. In last 1 year Bharti Airtel Ltd, has beaten Nifty 50 by 25.18% (CAGR difference).

“Bharti’s execution has been top-notch in the last few quarters, evident from strong 16% India Mobile EBITDA growth cumulatively in the last two quarters. Robust 10m subscriber adds lead to

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Salesforce could see slower growth in the future, analysts say

  • Salesforce may have growth problems on the horizon, according to Wall Street analysts from Morgan Stanley and UBS.
  • Morgan Stanley analysts cited slower billings growth this fiscal year and lower margins because of Salesforce’s recent massive acquisitions. 
  • UBS analysts, meanwhile, wrote in a note that Salesforce was suffering from a “lack of innovation” that could hinder its growth. 
  • Visit Business Insider’s homepage for more stories.

Salesforce may have growth problems on the horizon, according to Wall Street analysts from Morgan Stanley and UBS. Both firms cast a critical eye on the customer relationship management giant in notes to clients earlier this week.

Salesforce’s subscription model means that it doesn’t always feel the effects of slowing business right away, but Keith Weiss, a Morgan Stanley analyst, said there were signs a slump could be ahead: The company showed slowing billings growth — meaning the amount of money it is set to

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Cisco Profit Beat Prompts Analysts to Nudge Up Price Targets

Shares of Cisco  (CSCO) – Get Report gained on Friday after the communications equipment maker posted better-than-expected fiscal first-quarter earnings and sales, spurring several analysts to raise their one-year price targets on the company’s stock.

Cisco shares were up more than 7% in premarket trading after the company said it earned 76 cents a share in its fiscal first quarter, above consensus forecasts of 70 cents. Sales fell 9.6% to $11.9 billion, though came in slightly above analysts’ forecasts.

The results coupled with an “improved tone” from management on the company’s accompanying conference call prompted several Wall Street analysts to adjust their one-year price targets on Cisco slightly upward.

Piper Sandler analyst James Fish edged his one-year price target to $45 from $44 on what he described as a “low quality beat” on “better than feared” results, while RBC Capital Markets analyst Robert Muller raised his one-year target

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