Tag: $Zoom Video Communications

Revenue growth has slowed for the pandemic prodigy Zoom Video Communications but the videoconferencing company grew cash flow smartly in its July quarter. And it forecast annual earnings that would exceed Wall Street’s consensus.

Zoom Video Communications on Monday raised its annual forecast for profit and revenue, helped by robust demand for its product portfolio as companies continue to adopt hybrid work.

Zoom Video Communications  continues to search for new ways to expand its reach beyond video conferencing. The company apparently has decided the answer is all about artificial intelligence.

Zoom shares rose as much as 13% in extended trading on Monday after the video chat software vendor announced fiscal fourth-quarter results that topped analysts’ expectations.

Zoom Video Communications shares are trading higher on better-than-expected earnings for the video conferencing company’s latest quarter.

Zoom Video Communications sales to businesses are holding up better than expected, but investors should be wary of how the macroeconomic environment will affect spending, KeyBanc’s Thomas Blakey wrote in a research note.

Zoom Video Communications is struggling to join in this year’s rally in technology stocks. Even a surprise earnings beat didn’t seem enough to dispel concerns about lower corporate spending and competition from rivals such as Microsoft.