Zoom Video (ZM) Earnings Preview - William Blair

William Blair analyst Bhavan Suri reiterated an Outperform rating on Zoom Video (NASDAQ: ZM) ahead of the company’s the 2Q21 earnings release on August 31st.

The analyst stated "Various data points that we have collected over the last month have provided us with confidence that Zoom can handily exceed the company’s previous guidance, which was given on the company’s first quarter earnings call." "Our industry conversations have suggested that Zoom continues to see rapid adoption of its video meetings platform. We believe that the trend of accelerated adoption that the company experienced in the last two months of the April quarter have largely sustained throughout the second quarter, driven by the persistence of conditions that necessitate work-from-home dynamics, distance learning, telemedicine, and other use-cases".

For an analyst ratings summary and ratings history on Zoom Video click here. For more ratings news on Zoom Video click here.

Shares of Zoom Video closed at $290.44 yesterday.

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