Zoom Video reported strong Q2 on enterprise growth, says Mizuho

Mizuho reiterates a Buy rating on Zoom Video Communications with a $100 price target saying the company reported a strong revenue and operating profit beat versus consensus. The $24M revenue beat was primarily driven by better than expected enterprise revenue, which reflects a reversal from last quarter’s commentary around modest enterprise growth deceleration, the analyst tells investors in a research note. The firm says Zoom’s guidance positions it well to outperform in Q3 and Q4. Mizuho says the shares are trading at attractive levels.