Casey's General Stores Inc. (NASDAQ:CASY -- $206.50) operates convenience stores under the Casey's and Casey's General Store names. Casey's will report its Q1 earnings of 2022 before the bell today.
JMP analyst Patrick Walravens, who has a hold rating on the stock, said Zoom’s smaller customers are likely to be the biggest source of churn, and that the company’s biggest threat comes from Microsoft Corp.’sMSFT,
-0.32%Teams product.“Prior to the pandemic, the revenue from customers with one to 10 employees represented around 20% of the total business,” Walravens said. “As of F1Q22, this customer segment represented 37% of total revenue. While we do not expect elevated levels of churn in the customer with more than 10 employees segment, it is likely that the one to 10 segment will experience churn.”
Piper Sandler analyst James Fish, who has an overweight rating on Zoom and a price target of $464, said he expects revenue to come in higher than $1 billion for another quarter of 50% or more growth.“Investors will likely be focused on Zoom Phone success, with +0.5M net-adds anticipated or >2M Zoom Phone licenses in the market,” Fish said. “However, most investors forget this attach will potentially drive higher Meetings seats.”
KeyBanc Capital Markets analyst Steve Enders, who has a buy rating and a $428 price target, said that Zoom’s revenue beats “appear to have begun normalizing from outsized levels in FY21,” so its more a question of how big the beat is.
Enders expects that investors will be more focused on how Zoom plans to grow past its core videoconferencing and how management comments on the adoption of Zoom Phone, Zoom Apps, Zoom Events, as well as the pending Five9 acquisition.This year’s Festival kicks off with the Opening Gala Concert on Wednesday 20 October featuring members of the Ulster Orchestra with local choirs and singers performing?The Voyage. Composed and conducted by world-famous choral director Bob Chilcott,?The Voyage?is a deeply emotive orchestral and vocal composition depicting the voyage through life and how we come to terms with the challenges it brings.
The gala concert also introduces a brand-new Festival commission for chorus and orchestra by Northern Ireland creative production company, Dumbworld.Thursday 21 October marks the return of the award-winning Derry chamber choir Codetta, promising to be a major highlight for the 2021 programme as they perform?The Road Home?in Long Tower Church with Derry cellist Kim Vaughan.
The concert includes a world premiere of newly commissioned work by Irish composer Eoghan Desmond chosen in partnership with The Contemporary Music Centre, Ireland, as part of the year-long Colmcille 1500 celebratory programme, coordinated by Derry City and Strabane District Council and Donegal County Council.School performances will be back with a non-competitive format for primary years encouraging children and teachers to take part in the fun and community-spirited?Primary Big Sing?event in Millennium Forum on Thursday 21 October.