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Highlights
- Zoom Video Communications Inc’s (NASDAQ:ZM) total revenue jumped 54% YoY.
- ZM expects its full-year revenue to be around US$4.005 billion and US$ 4.015 billion.
- Cloudera, Inc. (NYSE:CLDR) total revenue rose 10% YoY.
Zoom Video Communications, Inc. (NASDAQ:ZM) and Cloudera, Inc. (NYSE:CLDR) stocks were trending on Wall Street after posting strong second-quarter earnings on Monday.
The ZM stock traded at US$313.60 at 4:33 pm ET, down 9.76 percent, while CLDR stock was priced at US$15.93 at 1:10 pm ET on August 30, down 0.13 percent from its previous close.
Here we explore the quarterly earnings of the two companies.
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Zoom Video Communications Inc. (NASDAQ:ZM)
The San Jose, California-based Zoom Video provides a cloud-based video telecommunication platform for its users. The company’s total revenue surged 54 percent YoY to US$1.02 billion in Q2 FY 2022. The GAAP income from operations was US$294.6 million against US$188.1 million in the year-ago quarter.
The GAAP net income attributable to common shareholders came in at US$316.9 million, or US$1.04 per diluted share, compared to US$185.7 million, or US$0.63 apiece in Q2, 2021.
Its net cash for operating activities was US$468.0 million in the quarter compared to US$401.3 million in the same quarter of the previous year.
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The company also posted its outlook for Q3, 2022, and full-year FY22. It expects its Q3 revenue to be between US$1.015 billion and US$1.020 billion, and full-year revenue to be around US$4.005 billion to US$4.015 billion.
The company has a market cap of US$102.20 billion, a P/E Ratio of 118.61, and a forward P/E one year of 103.59. Its share volume was 3,096,215 on August 27.
The highest and lowest prices of ZM in the last 52 weeks were US$588.84 and US$273.20, respectively. Its EPS is US$2.90. Its stock value declined by 5.33 percent YTD.
Source: pixabay
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Clouder, Inc.
Clouder is a software developer headquartered in Palo Alto, California. It offers data management, machine learning, and advanced analytic solutions to clients. The company reported revenue of US$236.1 million, up 10 percent YoY in Q2 of FY 2022. Its subscription revenue was US$213.3 million compared to US$191.52 million in the year-ago quarter.
The gross profit of the company came in at US$191.08 million compared to US$164.69 million in Q2, 2021. The company reported a net loss of US$33.2 million, or a loss of US$0.11 per share in Q2, 2022, against a net loss of US$35.99 million, or a loss of US$0.12 per share in Q2 2020.
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The company has a market cap of US$4.72 billion, and a forward P/E one year of -51.45. Its share volume on August 27 was 1,301,174.
The highest and lowest prices of Cloudera stock in the last 52 weeks were US$19.35 and US$9.34, respectively. Its EPS is US$-0.48. The CLDR stock surged 15.25 percent YTD.
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Bottom line:
The technology sector has been performing well on the S&P 500 and NASDAQ Composite in recent times. Analysts expect the sector’s robust growth in the coming quarters due to the growing digitalization of operations globally.
