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Zoom Tops Estimates, Raises Full-Year Forecast

Zoom Video Communications reported its earnings for the first quarter of 2024 on Monday and topped the estimates of Wall Street analysts. The communications company has also raised its full-year forecast based on increased demand for its products. Zoom reported revenue of $1.14 billion, marking...

Zoom Stock Surges After Beating Earnings Estimates

Zoom released its earnings for the second quarter on Monday, beating analysts' expectations. The company's stock surged 5% after the closing bell, with its revenue guidance for the third quarter remaining flat. Revenue for Q2 was $1.14 billion, beating Wall Street estimates of $1.11 billion....

Zoom Fires President Greg Tomb in a Surprising Move, Causes Concerns Among Investors

Videotelephony giant Zoom made a surprising move on Friday by firing its President Greg Tomb. The move caused concerns among investors and continued this week’s negative trend for the company’s stock. Tomb, a high-profile former executive for Google, took the position in June and was...

Citi Cuts Zoom Stock, Unimpressed With Recent Results

It looks as though Citi isn't happy with what they're seeing from Zoom's recent financial statements. Over the last couple years, Zoom emerged as a major player in the social video streaming industry. With the COVID-19 pandemic causing companies to work remotely, Zoom's product was...