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Zoom Video Stock Soars As Company Issues Upbeat Earnings Guidance—Watch This Key Level
ZMZoom(ZM) Investopedia·2024-02-27 03:00

Key TakeawaysZoom Video shares jumped in extended-hours trading Monday after the company topped analysts' quarterly estimates and issued better-than-expected current-quarter and full-year earnings guidance amid growing demand for its expanding AI-enhanced product range.The company authorized a buyback of up to $1.5 billion of its outstanding Class A common shares.The Zoom Video share price may encounter resistance around $74.50 from the top trendline of a 10 month trading range.Zoom Video (ZM) shares jumped ...