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”
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.
Zoom Video announced a deal to to acquire Five9 a provider of for contact centers for $14.7 bln in an all-stock transaction. $ZM was down 4% and $FIVN up 4% on the deal. The aquistion puts ZM into the contact center space.
Leading video conferencing software company Zoom Video Communications reported major revenue growth with the stay at home demand from the COVID lockdown during its fiscal first quarter on Tuesday after the market ZM stock rose on the report