Zoom Video Communications Stock News

Zoom Video Communications raised its annual revenue forecast on Wednesday, driven by strong demand for its AI-powered collaboration tools deployed in hybrid work models, sending its shares up 4% in extended trading.

SAN JOSE, Calif., Aug. 21, 2024 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ: ZM), today announced financial results for the second fiscal quarter ended July 31, 2024.

This pandemic darling has continued growing long after the economic reopening.

SAN JOSE, Calif., Aug. 19, 2024 (GLOBE NEWSWIRE) -- Today Zoom Video Communications, Inc. (NASDAQ: ZM) announced the launch of its new single-use webinar offering, which can host up to 1 million attendees.

Zoom stock has retreated 19% in 2024 heading into the software maker's Q2 earnings report.

Zoom's stock underperformance is due to concerns about growth and the company's market position compared to competitors like Microsoft Teams. Despite attempts to diversify product offerings, revenue growth has not quite yet materialized, leading to bearish investor sentiment. I think sentiment is changing however. Analysts are beginning to revise earnings estimates upward, indicating potential ...

Himalaya Shipping also needs time to build a new good base.

The tech sector has offered many opportunities to multiply money. Artificial intelligence ( AI ), e-commerce and online advertising are some of the tech avenues that have propelled corporations and indices to all-time highs.