Zoom Communications Inc (NASDAQ:ZM) reported strong fourth-quarter and full-year results, supported by enterprise resilience and displacement wins, according to Rosenblatt Securities.
The Zoom Communications Analyst: Analyst Catharine Trebnick maintained a Buy rating and price target of $115.
The Zoom Communications Thesis: The company’s results reflected modest revenue growth, resilient enterprise trends and best-in-class profitability, Trebnick said in the note.
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Zoom’s total revenues grew 5.3% year-on-year in the fourth quarter to $1,247 billion, exceeding Street estimates by approximately $12 million, she added.
“Zoom …