Zoom Video Raises Earnings Guidance as it Adjusts to Lower Stay at Home Demand and Inflation

Leading video conferencing software company Zoom Video Communications reported better than expected fiscal first-quarter earnings Monday. $ZM also gave positive guidance which sent the shares sharply higher by more than 19% in after-hours trading. For perspective prior to Monday’s earning’s report, Zoom shares had lost about 85% of their value since peaking in October 2020. The stock has fallen since the stay at home market reverted, the aborted Five9 transaction and the collapse of the manic tech bubble.  Zoom Video … Continue reading “Zoom Video Raises Earnings Guidance as it Adjusts to Lower Stay at Home Demand and Inflation”

Zoom Video Lower Earnings Guidance as Stay at Home Demand Eases

Leading video conferencing software company Zoom Video Communications reported better than expected fiscal second-quarter earnings, but the guidance sent shares plunging more than 9% in after-hours trading. Investors will want to hear updates on the Five9 transaction.

Etsy Earnings Soar With Marketplace in Lockdown Economy

Etsy reported better than expected third-quarter earnings after the market Wednesday. Revenues came in over $400 million with the marketplace platform expected to have sustained momentum during the coronavirus lockdown with orders and customer relationships becoming more developed.

Groupon Loses Less Than Forecast as It Recovers Quicker Than Expected

Online marketplace company Groupon reported better than expected first quarter earnings after the close Tuesday. $GRPN said that recent performance trends indicate the company is recovering more the Covid lockdown more quickly than expected.

Zuora Cloud Based Subscription Management Revenue Grows on Stay at Home Demand

Leading cloud-based subscription management platform provider Zuora reported better than expected earnings and guided higher with stay at home demand from the COVID lockdown during its fiscal first quarter on Wednesday, $ZUO stock rose on 20% the report