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Why Zoom Video Stock Popped Over 10% This Week
ZMZoom(ZM) The Motley Fool·2024-03-01 19:40

Shares of Zoom Video (ZM 0.65%) popped 10% this week, according to data from S&P Global Market Intelligence. The video-meeting software provider posted earnings and revenue growth that exceeded expectations in the fourth quarter. The pandemic winner is still off 87.5% from all-time highs but is improving its business fundamentals.Here's why Zoom stock rocketed higher this week.Beating revenue and earnings expectationsIn the fourth quarter of last fiscal year, Zoom posted revenue of $1.15 billion and adjuste ...